
#19 – Logan Chipkin: Understanding Economics
Arjun Khemani Podcast
The Economics of Consumption
John Maynard Keynes famously advocates for literally a consumeristic mindset and culture. A fully private property society or a fully capitalistic society in principle can be as consumeristic or as non-consumeristic as you can imagine, he says. "There's no law of nature that says ... the central planners are never going to be consumeristic"
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