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


To: combjelly who wrote (945997)7/9/2016 6:34:42 PM
From: i-node  Read Replies (2) | Respond to of 1575341
 
>>Without consumption, production is wasted. Period.

But if you have production demand will follow. The production is not wasted. It produced the growth which causes demand to increase.

Clearly, you have no background in economics.

If you think Friedman believed in stimulus spending, perhaps you should read his book, Capitalism and Freedom, in which totally DESTROYED Keynes, from top to bottom.

At the very least you should read up onFriedman's Permanent Income Hypothesis.

en.m.wikipedia.org