Economists don’t know economic growth. See New York Times columnist and economist Rebecca Patterson.
In “Watch Out, It’s the Jenga Economy,” Patterson expresses worry that “Without income from jobs, consumers pull back on spending.”
Except that no non-PhD would ever think about consumption. That’s because consumption is a certain effect of what truly matters: production. Yet Patterson has no evident interest in the production without which there is literally none of the consumption she so values.
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