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> Assume all people in the world die except 2 people... That's a great argument I had never heard before, thanks! The way I see it is that any given economy h
by squillion 3y ago
> Assume all people in the world die except 2 people...
That's a great argument I had never heard before, thanks!
The way I see it is that any given economy has an amount of real resources (labor, raw materials, know-how...) that are often under-utilized. In such cases targeted government spending can mobilize those resources in a way that increases output without creating the bottlenecks that cause inflation.