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0 pointsAvshalom6mo ago0 comments

The fundamental driver of the economy is people eating and clothing themselves, not writing memos that are never read.

0 comments

tlb6mo ago

Food is 13% of US consumer spending, and clothing is 2.7%. Both have declined steadily since the industrial revolution.

I assure that people being alive is going to be the fundamental driver of the economy no matter what percent of consumer spending it is.

Now cut off people’s access to those and let’s see how the economy does

j / k navigate · click thread line to collapse

0 pointsAvshalom6mo ago0 comments

The fundamental driver of the economy is people eating and clothing themselves, not writing memos that are never read.

tlb6mo ago

Food is 13% of US consumer spending, and clothing is 2.7%. Both have declined steadily since the industrial revolution.

AvshalomOP6mo ago

I assure that people being alive is going to be the fundamental driver of the economy no matter what percent of consumer spending it is.

Now cut off people’s access to those and let’s see how the economy does

j / k navigate · click thread line to collapse