[lbo-talk] Money printing

Doug Henwood dhenwood at panix.com
Mon Oct 6 15:00:18 PDT 2003


Wojtek Sokolowski wrote:


>Doug:
>>
>> Not this time. It seems most of the 2001 tax cut was saved (or used
>> to pay down debt, which economically speaking is the same thing).
>> Most of the recent one was probably spent.
>>
>
>On what?

Who knows? Retail sales have been strong. Probably on routine expenses plus home improvements and things like that.

Doug



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