Consumptive satisfaction tends to be fleeting though so I tend to agree that people are better off producing more and consuming less but we have a monetary system that incentivizes the opposite. 

grayruby

agree

supply side is more important than demand side


Bell_curve

I think it's just a fundamental misunderstanding of Keynesians. It's a little ambiguous though, because it entirely depends on how much satisfaction people get from that consumption.

In general, people are better off when production > consumption is the norm.

Undisciplined

econ

Is increased consumer spending good for the economy?

Maybe in the short term but if they are buying a bunch of useless crap with borrowed money probably not in the long term. 