My Conversation With Eric Liu, The Originator of Obama’s Middle Out Economics
@ericpliu The middle class is a byproduct of a free market economy; it is not manufactured by tax gimmicks or GOVT redistribution of wealth
— TKList (@TKList1) August 8, 2013
@TKList1 indeed but the core law of the market is this: if workers have no money then businesses have no customers. Demand drives prosperity
— Eric Liu (@ericpliu) August 8, 2013
@ericpliu Was there a demand that drove the ipad jobs or was it the supply of a great product that created the demand? Think again.
— TKList (@TKList1) August 8, 2013
@TKList1 love iPads – yes, innovations can create demand. But most businesses – even if innov – will die if customers can’t afford to buy
— Eric Liu (@ericpliu) August 8, 2013
@ericpliu Ideas, capital, and the willingness to take risks create jobs that benefit those who do not have any of these. That is the cycle.
— TKList (@TKList1) August 8, 2013
@TKList1 not an either-or; an ecosystem. Entrepreneurs are idea creators & create initial jobs; customers w $ are the sustained job creators
— Eric Liu (@ericpliu) August 8, 2013
@TKList1 ps I invite you to read our book Gardens of Democracy, which goes into more depth. Thx for engaging
— Eric Liu (@ericpliu) August 8, 2013
@ericpliu I invite you to read a book also, it is called: The Wealth of Nations by Adam Smith. I think you might have heard of him.
— TKList (@TKList1) August 8, 2013
My Conversation With Eric Liu, The Originator of Obama’s Middle Out Economics
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