Say's Law says

Say's law, the 18th Century French economist, is what Say's law says it is.

Keynesianism, especially the more trumped up modern version (no oblique reference intended), says Say's Law in not what it says it is.

How often have you had someone in a discussion--think personal relations here, if you can--take off on a tangent to avoid addressing the central issue by addressing a different subject? We thought so. We all have done it.

With the Yellen Jackson Hole spectacle now behind us, the Fed and its MSM supporters still search wide and narrow for villains to explain the dumpy economic conditions that have been hanging around longer than a persistent case of mid-winter flu. Everything from consumers to now, productivity, have been saddled with the villain label. Everything except grossly failed monetary policy.

So keep that idea forefront if you read this discussion. It's a long read. But it's been a long recession.

davidstockmanscontracorner.com/why-says-law-is-always-true