Tuesday, February 18, 2014

The "Consumer Economy" in Three Pictures

There's no such thing as a consumer economy.  "Consumption" doesn't drive squat. There are only producer economies, everything else is fakery and shenanigans.
Producer-Economy.PNGWhen people make stuff, they either sell it or use it.

Beginning-of-Consumer-Economy.PNGThe debt fairy can make everything seem okay for a while.

End-of-Consumer-Economy.PNGReplacing productive activity with debt never ends well.

via:http://shadesofthomaspaine.blogexec.com/index.php/entry/the-consumer-economy-in-three-pictures

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