Consumers Picked Up Pace in July
AUGUST 30, 2012
“Americans spent at the fastest pace in five months in July after earning a little more. The increase in income and consumer spending could help boost subpar growth.” (Washington Times)
So, Keynesians, lack of demand isn’t what’s holding things back.
FEE Timely Classic
“Consumer Spending Doesn’t Drive the Economy” by Mark Skousen