O.K., o.k., the stimulus isn't sending the economy roaring back into a frenzy of consumer spending. But it is fueling the highest savings rate in America since 1993. Last month, consumer spending went up just 0.3%, even though our incomes rose 1.4%. But we socked away 6.9%. Even that figure isn't spectacular: as this cool NYTimes graph shows, 6.9% only brings us back to the average for the last 50 years. Still, that beats the credit-drunkenness of the past few years. And after this year's mess, I think we could all use a nice, slow, boring economy where people act like Grandma and Grandpa told us to: save your money, spend wisely, and don't buy what you can't afford.
National Thrift Week? Heck, let's try National Thrift Decade.
State Still Hamstrings Counties, But Why Not Allow Local Control of Sales Tax? - People use county roads to get to town to buy booze. People who do stupid things after drinking that booze then use county jails. Counties do not get to ta...
11 hours ago