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Ending the depression through planned obsolescence (1932)

32 pointsby montalbanoover 3 years ago

3 comments

missedthecueover 3 years ago
Hark! I hear a fallacy<p>&quot;Demand can grow the economy&quot;<p>We produce so we can buy<p>Demand&#x27;s enabled by supply<p>If our goal is more consumption<p>First, we must increase production<p>Rising productivity<p>Is the path to prosperity<p>The Law of Markets tells us why<p>Growth is driven by supply!
riedelover 3 years ago
I did not read the &quot;the&quot; before depression and was expecting a psychological article and was wondering how one could actually plan obsolescence...
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rendxover 3 years ago
&quot;inflation&quot; is what you call the tax on &quot;hoarding money and keeping old and useless things&quot; that the author claims is lacking. (page 8&#x2F;9)