Re:Economists who defend disaster profiteers are wrong
by ceejayoz on Tuesday April 14, 2020 @12:56PM
(#22868339)
Investment requires returns, which mean people have to consume the resulting product, be it goods or services.
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Re:Economists who defend disaster profiteers are wrong
by missedthecue on Tuesday April 14, 2020 @05:09PM
(#22871479)
Yes, one can't exist without the other, but economically speaking, it's impossible to consume your way to prosperity. You must increase productivity, and this is done through investment.
We tried consuming our way to prosperity during the housing bubble in the early 2000s. That turned out how you might expect.