Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Spending and production are chicken and egg.

Say's fallacy.

Of course it does. It removes economic rent from market prices.

No, it just makes that rent go to the state instead. While there is a strong economic justification for this, it is not that it lowers prices or increase demand.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jun 6th, 2011 at 01:51:23 PM EST
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