Shopping is not patriotic, by Cafe Hayek
Shopping is not patriotic, by Cafe Hayek
What are the roots of this strange belief that for our economy to be healthy, we need people to buy stuff?
Keynesian, probably. Something to do with the idea of the multiplier. That somehow, the more we buy, the more the money races around and the richer we all get. The biggest error in that way of thinking is thinking that the economy is separate from all of us.
What are the roots of this strange belief that for our economy to be healthy, we need people to buy stuff?
Keynesian, probably. Something to do with the idea of the multiplier. That somehow, the more we buy, the more the money races around and the richer we all get. The biggest error in that way of thinking is thinking that the economy is separate from all of us.