When you give people money they spend it: Season 2
Retail sales went through the moon after the most recent round of stimulus from the federal government. Turns out when you give people money, they will spend it at businesses.
The Week in Philly from KYW Newsradio
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Show Notes
Retail sales went through the roof after the most recent round of stimulus from the federal government. Turns out when you give people money, they will spend it at businesses. Regardless, stay tuned for arguments in Congress about whether direct payments actually work. We've been waiting for months for a significantly better unemployment report and we might have gotten it -- jobless claims fell by 200 thousand last week. And barring something unexpectedly catastrophic, it looks like signs are pointing to a real economic boom in the not so distant future. David Fiorenza, Associate Professor of Practice at Villanova School of Business joins KYW Newsradio In Depth to talk about what happened this week in the economy and what it means for all of us in our daily lives.
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