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Started By
Message
re: Obama: Extending Unemployment Benefits “Creates New Jobs”
Posted on 1/8/14 at 10:35 am to Korkstand
Posted on 1/8/14 at 10:35 am to Korkstand
quote:/quote]
Hmmmm? I want (demand) a $2 million dollar house but I don't have the money for it. How is my demand there without the money?
[quote]Exactly.[
But my demand for the $2 million dollar was there before the money. You were saying that demand (or at least I understood you to say) demand does not exist without money.
My assertion: demand exist---->get money---->buy house.
Your assertion: NO demand----->get money----->demand exist----->buy new goods
Now that I look at it, both assertions are valid. However as it pertains to the OP we need to look at the "get money" part of each assertion and ask this question: Was acquiring the money an exchange of newly created value or redistribution of existing value?
If it's redistribution of value then nothing has been added to the economy. In fact, it could be argued that resources were pulled from efforts to create value in order to fulfill the redistribution chain.
1
Posted on 1/8/14 at 10:47 am to GumboPot
quote:
But my demand for the $2 million dollar was there before the money. You were saying that demand (or at least I understood you to say) demand does not exist without money.
And it doesn't. Desire does not equal demand. Desire plus means equals demand.
quote:
Your assertion: NO demand----->get money----->demand exist----->buy new goods
We are talking about basic necessities, and the desire/need for those is always there.
quote:It's not an exchange of value, it's an exchange of money. An economy only works if money keeps flowing, creating value in the process.
Was acquiring the money an exchange of newly created value or redistribution of existing value? If it's redistribution of value then nothing has been added to the economy.
Look, I am as against handouts as you are, but I'm simply trying to explain the principle behind the idea that extending benefits creates jobs. And the principle is sound and it works both in theory and in practice. Obviously, there are limits to the effectiveness and at a point it becomes detrimental, but that is a different argument to make and one that I'm not going to participate in.
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