Today’s Brew 9-3-15

Thank you to the Jack Kemp Foundation for this:


Also, The Supply-Side Revivalist shared this today.


The heart of Keynesianism is that the consumer drives economic activity via consumption and that an economy suffers when individuals “save too much”. However, this is just not so. One simply cannot consume before producing something to exchange first or obtaining the ability to consume from another (such as a family member, bank, or other financial intermediary). If you doubt me, quit your job and see how long you can live on your own after you have burned through your savings. Good luck with that.