The Bowyer Briefing

Buffett’s other fascinating comment to CNBC revealed the roots of demand-side economics in deception. He said that they way to get people spending is to ‘give everyone a million dollars’ but since ‘the money won’t be worth anything’ it would only work if ‘everybody thought he was the only one getting the money’. In other words make people feel richer than they really are, so that they’ll spend.