Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way Around
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Uploaded by CFPEcon101 on Nov 29, 2010
Politicians and journalists who fixate on consumer spending are putting the cart before the horse. Consumer spending generally is a consequence of growth, not the cause of growth. This Center for Freedom and Prosperity video helps explain how to achieve more prosperity by looking at the differences between gross domestic product and gross domestic income. www.freedomandprosperity.org
- 407 likes, 67 dislikes
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@BasilFawlty4444 True, but there IS however something wrong with spending more than you have for an extended period of time. It just so happens that the two tend to USUALLY go together, so it's usually a pretty safe bet that when you have one, you will have the other shortly, if not already.
theredscourge 2 days ago
@ffmarkm There's nothing wrong with welfare states.
Some of the richest and economically powerful countries in the world have them.
BasilFawlty4444 3 days ago
@BasilFawlty4444
It seems to me that the point is the burden put on the private economy by an overextended State - bet it one with Welfare or Warfare as its raison detre.
ffmarkm 4 days ago in playlist Favorite videos
@you831able
:)
pseudonominous 6 days ago
@pseudonominous LMAO!!!
you831able 6 days ago
@LucisFerre1 While Rome did have a Welfare State, though not exactly as we in the modern world understand it, the structure was geared towards producing healthy soldiers for the Roman Legions.
It wouldn't be true to suggest that the funding of their welfare system was in any way a direct cause of Rome's downfall.
BasilFawlty4444 1 week ago
@BasilFawlty4444, said [[ I suppose Rome also fell because of socialism too?]]
Well largely, yes. They couldn't fund their over-extended welfare state and fell into ruin.
LucisFerre1 1 week ago
You're waaay to hot for me to be able to concentrate on what you're saying, but i know I agree w/ you and I really enjoyed the video.
suitabledude 1 week ago
@CFPEcon101
i just masturbated to this.... :|
pseudonominous 1 week ago
@superlucci Not true.
Do you think at Waterloo Napoleon's problem was a leftist mentality? I suppose Rome also fell because of socialism too?
Did a leftist mentality leave Britain with a war debt that she didn't repay until 2006?
No, no my friend. ALL superpowers fall, WITHOUT exception. It's the essential rule of history.
BasilFawlty4444 1 week ago