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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (945925)7/15/2016 12:07:15 PM
From: TimF  Read Replies (1) of 1575150
 
Consumption is key in direct terms. Getting to consume things makes you better off.

But you can't consume anything that doesn't exist. Production increases are key to be able to consume more.

As you point out, in the short run you can have depressed demand. In such a situation extra demand might be key, buy in most short-medium term periods, and certainly in the long run, extra production is what's necessary for for economic growth, increased real incomes, and increased material well being.
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