Time To Separate Capitalism From Finance
What is the difference between the laws of nature and the laws of economics?
If you don’t know the answer to that question, it is that the laws of nature are immutable while the laws of economics are not. In other words, the laws of economics are not really laws, they are statements about the human condition that are flexible.
For example, Say’s Law states that production creates its own demand. That is true up to a point, but only if a manufacturer is producing a product someone wants to buy.
