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A comment on Economists who defend disaster profiteers are wrong. Parent comment

Re:Economists who defend disaster profiteers are wrong by duxup on Tuesday April 14, 2020 @09:49AM (#22865897)
How do you measure how much someone creates wealth?

If I give a wealthy person $100, and a poor person $100... the poor person will spend it, the rich person generally will not.

This plays out in economic stimulus studies time and again.

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Re:Economists who defend disaster profiteers are wrong by Kaiyou on Tuesday April 14, 2020 @10:15AM (#22866236)
By his ability to earn money, generally speaking. It's not a perfect translation, but it's the method we currently have.

Saving money is better than wasting it away on booze or whatever else the poor person would want to spend it on. Spending money on things you do not need or are expecting a return on is pissing money away.

How you spend money makes a big difference.

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