He won't respond.....they never do as they are clueless about economics......I did take those economics classes. It was required for my degree in accounting.
The three components of capitalism are:
1. Production
2. Distribution
3. Exchange of money
It depends on who you're talking to on which is the most important.
If you're talking to a supply trickle down friedman conservative production is the most important.
If you're talking to a keynesian person then distribution is most important.
I'm a keynesian person and believe the obvious, you can produce all the goods and services you want but if there's no one to actually buy those goods or services supply is meaningless.
Both production and distribution contribute to money being exchanged but the keynesian understands that the demand side is much more important than the supply side.
When there's a demand the supply will happen but when there's not a demand to buy the products, production is a waste of time.
I'm curious, Dana...you used the term "supply trickle down friedman conservative"? What economics class did you take that taught "trickle down" theory?
"Trickle down" is not a term of economics. It's propaganda. This guy is a ignoramus who has never read an economics text in is life. He's only read propaganda.
Anyone who professes to have an economics background and insists that "trickle down" economics exists is pretty much full of shit about having an economics background!
So out of all the people you know, everyone in your family, your friends, your neighbors, and anyone else... how many are employed by poor people, or people you don't consider 'rich'?
I'm not responding because he's asking the wrong person his question! I'm the one who said that "trickle down" economic theory doesn't exist.