
Economic discussion has become so politicized these days that people have lost sight of what an economy is. The financial aspect is less important than the satisfaction of people’s material needs. Since the 1930s, however, Americans have become accustomed to thinking in terms of money: Government needs to spend money to create jobs. But jobs are also created when consumer markets demand products t...
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Publisher: Thistlerose Publications (February 27, 2012)
Publication Date: February 27, 2012
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Language: English
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ful to people. We need a balanced relationship between production and consumption as once advocated by Henry Ford.The worker is or ought to be the principal consumer of goods and services. To make this ideal a reality, government needs to regulate the supply of labor by reducing hours of work. With the robot revolution about to spring, this is the only realistic way to save jobs and preserve work as the moral basis of our American prosperity.