Economics, as a branch of the more general theory of human action, deals with all human action, i.e., with mans purposive aiming at the attainment of ends chosen, whatever these ends may be.--Ludwig von Mises
Tuesday, August 3, 2010
Personal Consumption Expenditures
The growth in real consumer spending has been positive for the last seven months on an annual basis, and reached a 31-month high in June of 1.7%, the highest growth rate in real consumer spending since November 2007.
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