Tuesday, August 10, 2010

Macroeconomics? In America, that means Study the Rich

In 1994, as we created economic models in grad school, this fact was explained to me (that "we U.S. economists" really only need to be concerned with the spending patterns of the rich, since that spending accounts for most of the US economy).

us-economy-is-increasingly-tied-to-the-rich: Personal Finance News from Yahoo! Finance

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