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“Stimulating demand” is nonsense - applied Broken Window Fallacy. The net effect of equity investment is to increase the amount of capital targeted towards the
by wyager 5y ago
“Stimulating demand” is nonsense - applied Broken Window Fallacy.
The net effect of equity investment is to increase the amount of capital targeted towards the production of capital goods; i.e. deferring consumption makes humanity richer in the long term.