If you or me go to the gas station to fill up our car and it costs us much more than we expected, it will zap our discretionary income. We won't have the extra money to buy that washing machine or new winter coat-all big ticket items that are important to economic growth.
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Nationality: American Type: Journalist Born: September 11, 1967 |
If we look at Houston, which is a very environmentally toxic place, we find that it has one of the highest levels of young men going to prison and also among the highest levels of illiteracy in the country.
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.