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Ep 22 - Demand side vs. supply side economics, and a rant
The demand side is not truly important, because societal wealth growth only comes from innovation and the bringing of costs down. That only can happen on the supply side. If you truly see things from a first principles perspective, the demand side can almost be ignored.
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By Bad InvestorThe demand side is not truly important, because societal wealth growth only comes from innovation and the bringing of costs down. That only can happen on the supply side. If you truly see things from a first principles perspective, the demand side can almost be ignored.