Don’t Worry about the U.S. Consumer

Take a look at today’s article about the U.S. consumer by Brian Wesbury, chief economist at First Trust Chicago:  https://www.ftportfolios.com/Commentary/EconomicResearch/2019/12/2/dont-worry-about-the-us-consumer

He uses my gross output (GO) statistic to refute the myth that consumer spending drives the economy.  It’s a beautifully written article on how business is a far more important catalyst for economic growth than consumer spending (Say’s law).

This article shows why GO should be included in the textbooks.  So far about half a dozen do so.

Best wishes, AEIOU,