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by nazgulnarsil 5138 days ago
some of us are fine talking about "the elephant in the room" for supply-side econ as you put it.

Here's the thing, you can't force people to be productive enough to be able to consume at the optimal level. All you can do is provide an environment where being productive is easier.

1 comments

If everyone spent all their time being productive then there'd be no time to consume. The point of this is that supply and demand need to be in balance. If you look at Ford's thinking behind the 40 hour work week and increased pay it's to create a market for the product he is supplying.

I think that guys like Ford are job creators, but most capitalists don't have the foresight to enact such bold policies.