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

To: i-node who wrote (945992)	7/9/2016 1:39:05 PM
From: combjelly	Read Replies (1) \| Respond to of 1575244

No. Without consumption, production is wasted. Period. If there isn't a market, which is driven by consumption, it doesn't matter what you produce. Just ask buggy whip manufacturers. Why not read a book on economics and stop embarrassing yourself. Because this is really basic stuff. Don't get me wrong, production is important too. But without a market, it is useless. If you want to create growth you incentivize capital spending and R&D (innovation forms the seed for economic growth) which lead to increased production and sustainable economic growth. That is only half of the equation. You also need consumers with money. It is why tax cuts that mainly benefit the wealthy are such poor economics stimulants. Even Milton Friedman, who has been proven wrong on so many things, realized this. Granted, he thought consumption, and hence demand, was more of a constant, but he at least didn't dismiss it totally.

To: i-node who wrote (945992)	7/9/2016 3:51:21 PM
From: Taro	1 Recommendation Recommended By i-node Read Replies (1) \| Respond to of 1575244

This is why trying to "create" demand by distributing taxpayer dollars to people fails each and every time it is tried. This action is one that results from a most basic misunderstanding of economic basics. If you want to create growth you incentivize capital spending and R&D (innovation forms the seed for economic growth) which lead to increased production and sustainable economic growth. Node, you are missing a big issue here, the difference between truly creating growth according to a real plan or kicking off an instantly visible straw fire to be being celebrated on the spot by the media and all other leftists as real "growth"! Doing it the right way around, while being investing meaningfully in true future growth, the results don't show instantly but - what's worse - possibly will be credited to and celebrated by the next administration only!!! Throwing cash at the masses always looks good right now and here and thus benefits me POTUS and my current administration right now and here! /Taro