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News@lemmy.world · 7 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

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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

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News@lemmy.world · 7 months ago

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

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7 months ago
It’s not so much Austrian as everyone who’s not a liberal. Continuous inflation requires a powerful state.

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