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re: This is why business owners/entrepreneurs do not like democrats very much

Posted on 10/24/14 at 7:59 pm to
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69499 posts
Posted on 10/24/14 at 7:59 pm to
quote:

Zed
Goods have to be paid for with goods. Consumption by definition must be preceded by production. How can one possibly consume before any production has occurred? Individuals produce for the sake of consumption, not the other way around. When she argues that it is vital for consumers to have the money that make business possible, she does not ask how consumers got the money in the first place nor does she demonstrate an understanding of what money even is. Money, among a few other things, is a medium of exchange between goods. Its very existence implies that goods must have been produced in the first place (unless of course it has been illegitimately printed).
Posted by Zed
Member since Feb 2010
8315 posts
Posted on 10/24/14 at 8:12 pm to
quote:

Consumption by definition must be preceded by production.
With the expectation of consumption.
quote:

Individuals produce for the sake of consumption
Exactly. Demand drives markets. A new product, or significant improvement upon an existing one, can drive a new market, in almost all other circumstances, production responds to demand. In a properly functioning free market, producers should be replaceable. Demand is not. Lack of demand kills markets. It wipes them out.

Supply and demand are obviously both important, but when one is consistently held above the other, a reaction should be expected. This is all a reactionary response to supply side economics, and deification of job creators IMO.
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