GO

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,

Mark Skousen
Presidential Fellow, Chapman University
Producer, FreedomFest
“The World’s Largest Gathering of Free Minds” 
July 13-16, 2020, Paris Resort, Las Vegas
www.freedomfest.com

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