editorial partner Liberte! Friedrich Naumann Foundation

supply and demand

Empty Shelves, Empty Arguments: Real Say’s Law
Economy
Empty Shelves, Empty Arguments: Real Say’s Law
Imagine two economists walking into a grocery store whose shelves are completely empty. One says: \"The problem is production — not enough goods are being created.\" The other one replies: \"No, the problem is demand — people aren’t spending, they’re saving. The state must stimulate consumption.\" This dispute still shapes how governments respond to crises, how they spend money, and how modern macroeconomic policy is justified.