Tag Archives: local economy

Let us go back to economic fundamentals: All demand, and thus economy, is local. The principal is an inseparable component of a vibrant economy, i.e., Demand in Search of Supply in possession of a capacity to trade for said Supply.

Doubt what I say is true? Go to your local grocery story and explain to the manager that you are starving  (demand in search of supply) but have nothing to give for the food (capacity) you require or you attempt to exchange (compensate) him/her with something of value that is uncommon to his interest in accepting.  Read more...