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by economists–including the immensely well-liked and polarizing economist, Paul Krugman, whose personal 2009 textbook blamed extended unemployment benefits as one of many primary causes for decades of European stagnation and excessive “structural” unemployment. Now, I fear that a decade of Keynesian macro follies may have brought Eurosclerosis to America. To start the enterprise, we obtained a small capital contribution from my brother-in-law in change for equity in the firm. These financial savings have been put to use buying the uncooked materials, designing the diaper prints, hiring units of skilled individuals both to stitch the diapers and to construct the web site. Designing, testing and producing the product and web site took over a 12 months. Almost none of that activity was included in GDP for that 12 months, besides via the “consumer spending” ofThe hottest pug dog lover full printing hooded blanket individuals we paid. Throughout this stage, no “product” existed for others to demand or for us to sell and generate revenue. The time Lisa and I spent building the corporate was also a very actual form of investment itself. This so-referred to as “sweat equity” is just as much of an funding as a financial contribution. For staff, those paychecks are income, however for the employers, wages symbolize most enterprise’ single largest expense. Yet GDP doesn’t deal with worker wages or supplies as “funding spending” — although any business owner regards salaries as crucial and largest funding that they make. Instead,

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