Saving versus spending – Part 2
December 7, 2018
As we saw last week, sometimes the government takes actions designed to encourage consumer spending. Apparently, money (rather than love) is what makes the world go round!
But I thought the U.S. government went too far in trying to stimulate consumer spending in the wake of the 2001 terrorist attacks that brought down the Twin Towers of the World Trade Center in New York City.
As a result of that historically tragic event, many people in the United States quite naturally decided to do two interconnected things for a while: (1) stay close to home and (2) stay off airplanes!
One result of d...