- Joined
- Oct 24, 2003
- Messages
- 21,732
- Reaction score
- 2,611
That doesn't track to me. Production is being constrained by consumption. You can't have productivity growth without consumption growth.
Production and consumption are both required. You are being intentionally obtuse here and wandering way off the point.
You are also wrong depending on the time frame, you can always divert excess productive capacity to investment when consumption is too low which is what good fiscal policy is all about.
At the end of the day statements like "reducing consumption is always bad" just don't make sense and lack context.