The real issue is that there is insufficient demand for goods and services.
Unlike Keynes, who thought recessions were caused by insufficient demand, these economists put them down to excess supply brought about by overinvestment.
The industry had 184 mass layoff events in the first quarter of 2013, due to both insufficient demand and the completion of seasonal work.
Still, despite this, Obama seems to at least grasp the fact that the problem we face at the moment is not too much government, but insufficient demand.
FORBES: Obama's Bad Economic Policies vs. Romney's Disastrous Ones
Lower tax rates for firms and workers are worthy long-term objectives, but today's problem of insufficient demand cannot be solved with measures designed largely to boost supply.
His broader theme is that insufficient demand has replaced inflation as the biggest danger to the world economy, but that policymakers seem to be ignoring the lessons of the Great Depression.
Platforms have not been extended at Kentish Town because of road bridges at each end which cannot be moved, or at Cricklewood and Hendon because of "insufficient demand" to warrant running longer trains.
BBC: Longer trains set to ease congestion on Thameslink line
They know darn well that the problem is insufficient demand for the goods and services they sell and thus no degree of reducing their costs (Quantitative Easing, tax cuts, deregulation, etc.) is going to induce them to expand operations.
FORBES: The Real Impact of Quantitative Easing (Next to Nothing!)
Most locations in rural America many home to the small businesses that both Mr. Romney and Mr. Obama champion simply are not efficiently served by scheduled airlines because there is insufficient demand to generate the high passenger counts needed to make a profit in the airline industry.
"In order to put the world economy back onto a stable growth trajectory, one imperative is correcting the global imbalance that has arisen from overconsumption in the United States and insufficient internal demand in other countries, " Aso said.
"To get the world economy on a stable growth path again, it is necessary to correct excessive consumption in the United States, as well as global imbalance coming from insufficient domestic demand of various countries, especially those with trade surpluses, " Aso said.
In the northern town of Trizidela do Vale, food supplies are said to be insufficient to meet demand, despite pleas from local community leaders, our correspondent says.
If demand is insufficient to clear the market for any good or service, then the price of the good or service will fall until demand equals supply.
With China's energy reserves insufficient to meet future demand at home, there are incentives for such expansionism even if some foreign oil companies are beginning suspect that the South China Sea's oil riches may be more fabled than real.
Although efficiency may explain a recent leveling of this trend, the penetration rate of building solutions has been insufficient to offset the sheer energy demand, highlighting a gap between actual and theoretical impact.
FORBES: Log Baby Log: The Race to The Big New Resource Play You Haven't Heard Of
These positive effects are transitory, however, when local economies have insufficient permanent employment to justify a constant level of demand for new housing stock.
There was lots of demand in northern New Jersey, and insufficient supply because a lot of the conventional generation was shut down, and the pipes connecting the zones were not big enough to accommodate the demand.
Tighter security has long been a key immigration reform demand for many conservatives, who argue that current border controls remain insufficient.
CNN: Boston terror fears raised at Senate immigration hearing
What is obvious in Britain is that during periods of peak demand, the stock in many regions, including central London, is insufficient.
应用推荐