If I buy equipment, that equipment had to be produced. If it wasn't produced before, it is an increase in production, even though it may come a year or more before the finished good that I have in mind is on the market. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
The workers that produce the equipment need to be paid, after all, and even for lengthy production projects requiring payment for work in progress ... the payment is for meeting benchmarks, so its payment for the work that has been finished. The materials and other costs of production and the wage bill must still be financed. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
