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There are a lot of brainstormable scenarios about how an increase in spending on consumption would make society more productive without causing inflation. I thi
by sokoloff 1y ago
There are a lot of brainstormable scenarios about how an increase in spending on consumption would make society more productive without causing inflation. I think a lot of those fall into fanciful or wishful thinking, but the way to know what happens is to craft and execute experiments to learn about people's actual behavior and extrapolate only as we must rather than positing scenarios and arguing without data.
- AnthonyMouse 1y agoYou started off proposing logic, but the logic is flawed because investment isn't the same as production and production can be funded by sales revenue from consumers as well as by investment. If you want data then you're arguing what we should do a large-scale UBI so we can see what happens.