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TheEVEInspiration
Peter Schiff
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Comments by "TheEVEInspiration" (@TheEVEInspiration) on "US Economy Won't Improve Without a Real Recession" video.
+LacusTheDestroyer Proper economic analysis and economic modelling separates "being able to" and "willing to". For they are factual different, economically and socially come into being differently and they even influence each-other with credit and interest as a mediator. Stripping such distinctions away replaces actual information that can be reasoned and modeled upon with pure guesswork and believes and most certainly is not science (despite the modelling effort, else religion would be science too). A owner of a shop with unexpected low sales needs to know what is wrong. Just reasoning demand is too low will not give any guidance to what actions are required to be to improve the situation. Some obvious options are: more advertising, sell at lower prices, switch to cheaper products, switch to more expensive products, relocate, sell other things, create credit lines. Just modeling and reasoning at the demand level gives zero usable factual insight!
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