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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (227250)3/30/2005 10:57:57 PM
From: TimF  Read Replies (1) | Respond to of 1573822
 
The larger benefits would primarily be the sum of the individual benefits.

If this country's economy could be weened from the oil tit...

But we would not be "weened from the oil tit".

Since our economy is measured by aggregate demand (consumer spending + business spending + gov't spending - taxes), you can see how our economy, aggregate demand, could potentially increase greatly from an effort to get off the oil tit.

Demand has to be met with production. If we simply destroyed every third car in the US, then aggregate demand for cars would go up. But replacing the cars would require labor and resources that could be used for other things.

see en.wikipedia.org

also
brookesnews.com

or for the original in full

bastiat.org