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Reply #112: I'm not aware of any textbook that puts forth your theory, probably [View All]

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coalition_unwilling Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-05-11 09:39 PM
Response to Reply #111
112. I'm not aware of any textbook that puts forth your theory, probably
because there is little evidence to support it. By contrast, my theory (of anemic consumer and business demand) is supported by some 80 years of theory and data (and several mainstream economic textbooks, not least of which is Samuelson's).

Even assuming your textbooks do exist, do they (or you) argue that businesses that have shuttered their doors or limited their output would ramp up again if only they had access to more and\or cheaper energy? In other words, in your view, does today's high unemployment stem from an insufficient supply of resources and not from an insufficient demand for economic output?
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