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I'm somewhat convinced that Say's Law was the big detour from sensible economic theory. Simply put, production sustains humanity. Without production somewhere t
by taolegal 4y ago
I'm somewhat convinced that Say's Law was the big detour from sensible economic theory. Simply put, production sustains humanity. Without production somewhere there's no consumption. Handing out money fundamentally does not spur production. But also since money is half of every transaction, the scarcity of money & the value of money over time is crucially important to not interfere with.