The Purpose of an Economy

Adam Davidson hasn’t a clue:

At the end of the day that’s what an economy is supposed to do. It’s supposed to employ as many people as possible.

To hear it, go here, click the “Listen Now” link, and fast forward to just before the 9-minute mark.

An economy has no purpose unto itself. An economy is an aggregate of individual transactions. It has no “purpose.” It can’t. It simply is.

Adam is assigning purpose where no purpose can exist. His statement is no different than, “the purpose of gravity is to kill people who fall.”

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