Austrians attribute investment as the basis for prosperity. But this doesnt exempt consumption from its telos-role.
@outsideness The quoted differs from my reading of the Austrians, but i felt like it'd be a bit pedantic to respond at the time.
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Consumption might: 1) Build productive capacity 2) Provide incentives to trade productive capacity That's it.
End of conversation
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every lesson I had on Austrians started with "consumption can only happen after production"
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