You Can’t Consume What You Don’t Produce

//You Can’t Consume What You Don’t Produce

You Can’t Consume What You Don’t Produce

This article originally appeared on Zerohedge.com

There’s an economic myth out there. As the story goes, governments can print their way to prosperity. Just run the money printing press, hand out cash for consumers to spend and the economy will hum. In this clip from a podcast episode, Peter Schiff calls it “The Kelton Myth” named for economist Stephanie Kelton. At the root of this tale is the notion that people can consume what they don’t produce. As Peter explains, this simply isn’t possible..

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By | 2021-03-11T22:25:07-06:00 March 11th, 2021|JDC|Comments Off on You Can’t Consume What You Don’t Produce

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