Politicians and journalists who fixate on consumer spending are putting the cart before the horse. Consumer spending generally is a consequence of growth, not the cause of growth. This Center for Freedom and Prosperity video helps explain how to achieve more prosperity by looking at the differences between gross domestic product and gross domestic income. www.freedomandprosperity.org
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Post Tagged with: "consumer spending"
November 29, 2010 17:52
Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way
August 12, 2010 12:15
Jobless claims hit 6 month high
Summer of recovery continues to be summer of propaganda as reality rears its ugly head.