October 17, 2023
Rising Consumer Spending Indicates Inflationary Economy
Timothy Birdnow
That happens in an inflationary period. Money is worth less and people spend it to get something of value rather than just watch it erode. It's why Keynsians used to argue that stagflation was impossible; inflation triggers economic activity. BUT it's possible to have both as Jimmy Carter showed. That is where this is heading too. The Fed keeps upping interest rates at the same time the value of money declines and the U.S. isn't increasing productivity.
Retail Sales Rise Solid 0.7% on Resilient Shoppers
newsmax.com
That happens in an inflationary period. Money is worth less and people spend it to get something of value rather than just watch it erode. It's why Keynsians used to argue that stagflation was impossible; inflation triggers economic activity. BUT it's possible to have both as Jimmy Carter showed. That is where this is heading too. The Fed keeps upping interest rates at the same time the value of money declines and the U.S. isn't increasing productivity.
Retail Sales Rise Solid 0.7% on Resilient Shoppers
newsmax.com
Posted by: Timothy Birdnow at
10:31 AM
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