From a small northwestern observatory…

Finance and economics generally focused on real estate

Nice quote this morning…

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… in an article by Geoff Williams in U.S. News and World Report.

Of course, the interview was a but longer, and I noted that the thing that might be the best for the individual (socking the money away in the bank for an even rainy-er day than now!) might not be the best for the economy as a whole. If you really want to use “stimulus” money to stimulate the economy, then it needs to be spent, locally, on job-creating things. Money spent in that fashion quickly multiplies thru the economy. The local barber spends money to get his kid’s teeth fixed at the dentist, and then she uses that money to shop at the local car repair mechanic, who in turn buys from the local farmer’s market.

Best wishes, everyone, and stay safe!

Written by johnkilpatrick

June 22, 2020 at 9:08 am

Posted in Uncategorized

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