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News • 4 months ago

Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says

cross-posted to:
economics
aboringdystopia

522

Consumers are so demoralized by inflation and high rates they've given up on saving for the American Dream and are spending money instead, economist says

@return2ozma to

News • 4 months ago

cross-posted to:
economics
aboringdystopia

"This positive spending is not a reflection of some sort of internalized secret sense of confidence that consumers have."

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Semi-Hemi-Lemmygod
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English
1•4 months ago
IIRC it had a lot more to do with exerting central control on trade. That’s why going back to their invention coins had pictures of rulers on them.

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