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Today you can go to a gas station and find the cash register open and the toilets locked. They must think toilet paper is worth more than money. ↗
#cash register #find #gas #gas station #go
As it happens, I have personally been something of an enthusiast for the London Olympic games, mainly on the grounds a) that a bit of wasteland will be made nice and b) that it tends to make everybody happy that their country should be the centre of world attention for a couple of weeks in their life. ↗
In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade. ↗
Interest rate cuts have an effect in stimulating an economy by directly or indirectly making someone, somewhere, spend more than they otherwise would. That extra spending increases demand and ensures that we all carry on with work to do, without us having to slash our prices or our wrists. ↗
