Z-man ponders and scrivenates about long holidays and vacation time.
In the midst of that, he hits a grand-slam:
...We are a society where work is less and less important, because we have
an excess of everything. There is a limit to how much stuff people want
to buy....
Umnnhhhh.....yes. And that, my friends, is (partially) why GDP is growing at a measly 3 or 4%. The other part is even more significant: there is no real-WAGE growth.
The tax bill may be helpful, but there's a need for demand, and there's little demand when there's little wage, and little to 'wannabuy.'
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