News · 2 years 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

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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

News · 2 years 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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2 years 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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