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View Diary: Morning Feature: Animal Spirits, Part IV - Conclusion and Critique (Non-Cynical Saturday) (91 comments)

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  •  Very insightful post. (6+ / 0-)

    By ignoring the possibility of capital (resource) wastage, a profit on capital becomes the baseline for analysis.  That was essentially plf515's point in his comment above: if investors can't get a profit in one place, they'll get it somewhere else, so if we want them to invest in us we must make it profitable.  The argument ignores the possibility of wastage, assuming there is some profit to be made, somewhere, somehow, always.

    Good morning! ::hugggggggggs::

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