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Consumer spending is kind of the foundation of the economy, and as of today in the US it's about to go into freefall. Especially services. This fall is pricing
by mullingitover 7y ago
Consumer spending is kind of the foundation of the economy, and as of today in the US it's about to go into freefall. Especially services.
This fall is pricing in the inevitable waves of bankruptcies in the service industry.
- amiga_500 7y agoWhy don't the fed just print money, a program could order stuff on amazon and they could deliver it to a land fill (obviously the landfill would have to be automated by robots). for services they could just automate making bookings with a deposit and not show up. or a little zoomba vacuum thing could show up. wouldn't be inflationary as cash is being destroyed like mad as we are all replaced by robots, so that won't be a problem.