Comment: I think you just highlighted exactly what I think is foolish...

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I think you just highlighted exactly what I think is foolish...

I don't even think private consumption "creates a larger demand and increases production".

Private consumption is fine, in that we need to consume some stuff to make life good, but that consumption comes at the EXPENSE of growing production, not causing or stimulating production.

It is precisely when people DON'T consume that they save and invest in future production (and therefore future consumption).