Comments on: Consumption Can Drive Economic Growth?

By: Jim Miller

Jim Miller — Mon, 12 Sep 2011 21:35:27 +0000

Mr. Coder:

There are several broad misconceptions you advocate:

1.Assumption the common folks believe that there are “all-wise” persons in government. I have listened to some very uneducated, back-woods types here in KY and they rail at the “government” and give the government people no quarter.

2.The “earnings of those who are productive” may apply to the average middle class, but not to the mega-rich. While attending college I worked for Home Depot for $10.00 per hour and was as productive as I could be. Bob Nardalli, CEO of HD at the time, “earned” $85,000 per hour and basically was hired to screw the workers. Nardalli is now screwing the workers of Chrysler.

3.The mega-rich have numerous schemes to transfer wealth from the lower and middle classes. It is only fair that the lower classes enjoy the same privilege of causing the transfer of wealth back to them, since they are really the “earners” or “earners-in-waiting”.

4.The lower classes, especially the poor, spend all they receive, thus putting cash flow back into the economy, whereas the mega-rich “spend” their money by making investments in foreign enterprises, many of which are involved in taking jobs away from U.S. workers.

Jim Miller
jimmiller5417@gmail.com

By: Fed Reports Higher Consumer Spending | The Freeman | Ideas On Liberty

Fed Reports Higher Consumer Spending | The Freeman | Ideas On Liberty — Thu, 08 Sep 2011 12:51:08 +0000

[...] Timely Classic “Consumption Can Drive Economic Growth? It Just Ain’t So” by Christopher [...]

By: erica

erica — Wed, 29 Dec 2010 11:43:03 +0000

very good,thank you

By: Donald M. Coder

Donald M. Coder — Wed, 22 Dec 2010 11:32:59 +0000

It is so often assumed that there are all-wise people in “the government” who know more than those who are in the real world of manufacturing, marketing, and buying. Those who find employment in “the government” naturally sell their ill-conceived ideas that they know something that the real world does not know. They know how to seize the earnings of those who are productive and transfer them to those who are not productive. The result? A worsening of the problems, even as they attract the votes of the simple.

By: 胡志成

胡志成 — Wed, 01 Sep 2010 06:51:00 +0000

This is good article to post on facebook!

By: Consumers Are Buying Again | The Freeman | Ideas On Liberty

Consumers Are Buying Again | The Freeman | Ideas On Liberty — Wed, 07 Apr 2010 12:51:32 +0000

[...] Timely Classic “Consumption Can Drive Economic Growth? ~ It Just Ain’t So!” by Christopher [...]

By: Gina

Gina — Sat, 03 Apr 2010 03:31:47 +0000

So true, so true. I could only wish national economies heeded this warning in ’01 and perhaps we could have avoided or at least managed, this modern-day apocalypse.