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Quote by: bishop some people, like myself, include capital investments as being part of the broad term - consumption. there is a real term in economics called "capital consumption".. |
Capital is consumed in the sense that capital goods require replacement.
I don’t know what the agenda is of the guy who wrote the article that Capitalist Pig posted. He’s clearly not an idiot, so why he writes such a shallow and misleading article is beyond me. “You buy more form the grocery store than they buy from you, and that’s not a problem. Ergo: account deficits are not a problem.” What a load!