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I believe that this concept becomes most clear when we realize that income and net production of Awesome Since June 1980 42nd Birthday Vintage Retro T Shirt are indeed independent variables. It is using that model that we can understand how “spending” does not get subtracted off of wealth, because the two things are not accounted for on the same axis. And further, rather than being subtracted off wealth, at less than full employment, spending normally, on the average does lead to production of more wealth, not less wealth.

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