Thursday, February 11, 2010

To consume you must produce

Consumption must necessarily follow production.  It is an easy concept.  What is not so easy is what follows:

1.  No economy can have many of its members not producing
2.  Living longer necessarily means working longer.
3.  Universal health care will not provide more health care.  That can only be provided with more hospitals, clinics, doctors, nurses and medicine.
4.  Producing something that nobody else wants or needs is the same as producing nothing.

It is a simple concept and it is amazing how often this concept is ignored in public policy.

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