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

To: Cautious_Optimist who wrote (878478)	8/6/2015 7:49:58 PM
From: i-node	Respond to of 1570548

>>It's when there are customers and sales that people are hired and paid competitively (or not.) Probably the most confused point on economics in the mind of almost every liberal. It is the act of production which creates economic growth, not the act of consumption. It is a really big distinction, as it explains why Keynesian economics doesn't work. And why fiscal stimulus doesn't work unless it is directed at capital investment. If you get innovation and production then growth and consumption follow.

To: Cautious_Optimist who wrote (878478)	8/7/2015 11:52:52 AM
From: combjelly	Read Replies (2) \| Respond to of 1570548

You are arguing with their religion. To them, what drives an economy is innovation and investment. Consumers are irrelevant, despite the fact that over 70% of our economy is driven by consumers. But consumers are a faceless hoard, they would rather worship at the feet of a few. You will find they tend to ascribe to the Great Man theory of history. Despite it being out of favor for more than a century.