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To: fredericbastiat1
Well, the drugs used to treat tuberculosis ARE expensive...
2 posted on
04/16/2015 9:59:35 AM PDT by
WayneS
(Barack Obama makes Neville Chamberlin look like George Patton.)
To: fredericbastiat1
"Consumption" creates nothing.
Did "consumption" create the iPhone?
3 posted on
04/16/2015 10:00:25 AM PDT by
E. Pluribus Unum
(If obama speaks and th<uere is no one the<ire to hear it, is it still a lie?)
To: fredericbastiat1
It used to be EXPORTS...................
4 posted on
04/16/2015 10:01:26 AM PDT by
Red Badger
(Man builds a ship in a bottle. God builds a universe in the palm of His hand.............)
To: fredericbastiat1
It’s pretty basic that production drives an economy. Without production, there is nothing to consume to begin with, and nothing to trade to others to get things to consume either.
5 posted on
04/16/2015 10:05:43 AM PDT by
Boogieman
To: fredericbastiat1
Everything I needed to learn about economics, I learned from this man:
6 posted on
04/16/2015 10:06:17 AM PDT by
Rodamala
To: fredericbastiat1
7 posted on
04/16/2015 10:07:01 AM PDT by
VaRepublican
(I would propagate taglines but I don't know how. But bloggers do.)
To: fredericbastiat1
Appreciate Mr. Tamney’s views on the economy, and making the obvious point that what we produce, rather than consume is the true measure of economic health.
I’m concerned that his nuanced statement that: “deficits don’t matter”, will be misinterpeted by willing ears all too eager to print money, and continue insane fiscal and monetary policy.
10 posted on
04/16/2015 10:14:52 AM PDT by
MarchonDC09122009
(When is our next march on DC? When have we had enough?)
To: fredericbastiat1
14 posted on
04/16/2015 10:21:11 AM PDT by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: fredericbastiat1
Without consumption the economy is 0. Without supply the economy is 0. Together you have an economy.
We’re hurting consumption by offshoring manufacturing. People without jobs don’t consume much.
The imports are temporarily cheaper and provide more supply. But that will stop when we run out of money and no one is willing to buy the government’s debt.
Raise the import tariffs, which will put Americans back to work and bring back American manufacturing.
15 posted on
04/16/2015 10:22:17 AM PDT by
DannyTN
To: fredericbastiat1
I know nothing about economics, but basically I think it is a perceived or actual need being filled. Need water? Need food? Told you need an iPhone?
To: fredericbastiat1
20 posted on
04/16/2015 10:26:00 AM PDT by
Popman
(Christ Alone: My Cornerstone...)
To: fredericbastiat1
"Necessity is the Mother of Invention"
22 posted on
04/16/2015 10:30:20 AM PDT by
Zeneta
(Thoughts in time and out of season.)
To: fredericbastiat1
Most corporations have gone Liberal. To drive short term profits (which is all Wall Street cares about), they want people to spend^3 and go into debt up to their eyeballs. People who are good citizens and actually SAVE are the enemy. That is one reason why savings have been dis-incentivized. They also don't care where the $$ comes from that gets spent. It is all the same to them whether it comes from a real job or a some Government handout. I think once upon a time, they used to care, but no longer. Anything to get more consumers consuming is good. Even if they have to be imported by the millions and put on the dole, financed with deficit spending.
23 posted on
04/16/2015 10:32:15 AM PDT by
rbg81
To: fredericbastiat1
Henry Hazlitt should know that "DEMAND' drives the U.S. economy. You can have "consumption" after DEMAND is realized.
Sheesh, the economic intelligence of this country is woefully inadequate.
5.56mm
24 posted on
04/16/2015 10:32:17 AM PDT by
M Kehoe
To: fredericbastiat1
Everybody who reads FR should have already read Hazlitt's short book by now. It makes you quite immune to any liberal economic and social jjustice arguments bcause it trains you to think economically, to automatically ask and answer the question-"and then what?" every time someone makes a compassionate sounding proposal or demand.
37 posted on
04/16/2015 11:18:19 AM PDT by
arthurus
(it's true!)
To: fredericbastiat1
Chicken and the egg...production then consumption.
My wife thinks I'm crazy because I study advertising in television and sit there and analyze it to her.
It drives her up the wall.
One observation is that commercials are produced to make you consume.
This whole argument that one is more important than the other seems like a pointless waste of energy ...get out there and produce so you can consume.
To: fredericbastiat1
Yeah, go find an empty plain and see how much one’s need to consume produces.
49 posted on
04/16/2015 12:15:56 PM PDT by
RWB Patriot
("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
To: fredericbastiat1
Savings and capital formation drive the economy. They create production
and consumption.
Government destroys wealth and causes distortions and malinvestment when it attempts to create or stimulate aggregate demand, even in hard times.
h/t Henry Hazlitt, Ludwig von Mises
To: fredericbastiat1
Sure. But if the production is done abroad and the money to pay for it is borrowed it complicates things. Just repeating a few old truisms won’t clear things up or convince anybody.
58 posted on
04/16/2015 1:42:49 PM PDT by
x
To: fredericbastiat1
Liberal economics professors teach this.
67 posted on
04/17/2015 5:28:49 AM PDT by
1010RD
(First, Do No Harm)
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