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eli_gottlieb
on May 16, 2012
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Too Hot for TED: Income Inequality
But you can invest... Your money isn't stuffed under your mattress, is it??
Investment generates profits. It doesn't add to aggregate demand, but subtracts from it.
webXL
on May 16, 2012
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Why should the government "invest" then?
eli_gottlieb
on May 16, 2012
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Because government "investments" are not for-profit investments in excludable (private/club) goods. They're non-profit "investments" in protecting commons goods and providing public goods.
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Investment generates profits. It doesn't add to aggregate demand, but subtracts from it.