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What relevance does the credit crisis have? Pointing out that markets require liquidity has nothing to do with the fact that there needs to be some sort of rea
by knowtheory 13y ago
What relevance does the credit crisis have?
Pointing out that markets require liquidity has nothing to do with the fact that there needs to be some sort of real economic value to sustain jobs.
It's not just rich people handing out jobs and deciding whether or not we should keep factories or companies open or not.
Capital is part of markets (granted a vital part). It's not the only, nor the most important part.
- digz 13y agoNever said it was the only part. My point was that when credit dries up, jobs are lost.... i.e., supply causing problems. Lots of reasons for why credit can dry up, but the idea that jobs are only a function of demand is ludicrous.