Consumption is an always effect of what actually matters: production. It’s a reminder that while “supply siders” are increasingly ridiculous, “supply-side economics” is a statement of the obvious: the goal of all economic policy should be to remove any and all barriers to production. From there, consumption takes care of itself. Production is consumption. Always and everywhere.
All of which speaks to the impressive fatuity of economics, the profession. While there are Keynesian (majority) and supply-side (minority) economists, both religions pay lip service to Gross Domestic Product (GDP). Which is further evidence of just how ridiculous economics is.
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