Comment: Easy......

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Easy......

Production ADDS to the general wealth "pie". The fact that production makes us richer is self-evident, and easily understood by the human mind.

Consumption SUBTRACTS from the general wealth "pie". The fact that consumption makes us poorer is also self-evident, and easily understood by the human mind.

These are absolute positions, meaning that there are no exceptions. Any exception that a person "thinks" he may find is always a result of ignoring the "unseen", and usually involves an appeal to emotion.

Increasing demand doesn't directly increase supply. Increasing demand of a product( or all products)will push prices up, making production more profitable. The high profits entice new competition into the market. IT IS THIS COMPETITION that increases production, improves quality, and lowers price.

....And, of course, if these potential newcomers CONSUME all their wealth, they have nothing SAVED to invest in said COMPETITION, thus, they can't increase PRODUCTION, no matter how high DEMAND is.

Keynesianism can't happen in the real world. You can't "overproduce" things that people want and are willing to work for. You can "malinvest" and make things that people DON'T want to work for.

As far as I can tell, this proves that keynsianism is backasswards, and the Austrian school still holds the banner of "causal-realist economics".

"I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."