Sunday, October 12, 2014

Stephen Roach,a Yale Proffessor, weather he knows it or not, is advocating Say's Law

STephen,a Yale Professor weather he knows or not,is advocating Say's Law.For heard the Professor say on T.V for thirty or forty the American economy has depended on consumer spending not saving and investment and it's about time we save more and invest more,eching Say's Law.For Say's Law says saving equals investment,which mean you produce more hence you create demand.
Say's Law is a apostasy to much of the academic economic world.You see,unless you are blind,the economic academic world has there God John Maynard Keynes,who believe it's demand stupid,consumer spending is what drive an economy,henceforth,Americans save little alway living on the edge,perhap Say's Law should be in the choir of academic men.

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