Tag Archives: supply

Lost Value & the Economics of Entitlement

Is there value in Demand created by a market? Is the U.S. (the American People) a market? If the answer to these questions (both) is “yes” then you’ve begun to understand the great economic battle the American public is losing and which centers on a concept which I refer to as the Value-of-Demand Principle (VDP).

Few economists understand the concept and even fewer politicians grasp its significance. The entire notion of economy centers on a fundamental attribute that we think of as demand. Without demand there is no command for supply and without your own economy (some “thing” you have or produce which you can offer to exchange) then supply becomes supremely meaningless.

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