Skip to comments.Video: Jay Carney Forced To Concede There Is “Nothing Wrong With Profit”…
Posted on 06/04/2012 2:59:45 PM PDT by Nachum
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It’s the part after that that’s funny. sad I guess.
Actually there's quite a lot wrong when profit does not obtain. The opposite of profit is bankruptcy. Profit is not merely not wrong; it is good; it is necessary. We don't have a civilization without it. How can a person reach his majority without knowing that? I'm shocked that anyone can think this to be a controversy.
When you try to stimulate the economy with increased government spending, there will be an increase in aggregate consumption and aggregate demand, and an increase in aggregate sales receipts which leads to an increase in aggregate profits. That's what happens when Keynesians run things.
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