Posted by John Maynard Keynes on December 15, 2003 at 23:53:47:
In Reply to: Re: Why no more Getzens? posted by on December 15, 2003 at 23:42:37:
Changes in aggregate demand, whether anticipated or unanticipated, have their greatest short-run impact on real output and employment, not on prices.
Id est, not enough demand for a tuba or too much demand can be bad.
It is both very simple and very complicated.
The good news:
Some other manufacturer of tubas and the like will surely "re-invent the wheel" soon enough...