"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Wednesday, June 24, 2009

Say's law

If nobody is prepared to buy there can not be sale. Only it is sale where there is purchase.

Keynes could hardly have been more misleading by interpreting Say's law as: "demand is created by supply". (1)

Posted by at 3:44 PM
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