Suddenly, Americans can’t spend like they used to. Store shelves are emptying, and it can take months to find a car, refrigerator or sofa.
If this continues, we may need to — gasp! — live more like the Europeans. That actually might not be a bad thing trib.al/gIDH2vV
Americans need to learn to live more like Europeans
Supply-chain shortages are constraining U.S. consumers' endless appetite for buying whatever they want whenever they want. It's about time.
Photo via @bopinion
It's conventional wisdom that the U.S. economy is built on Americans' endless appetite to buy lots of stuff.
Household consumption makes up 67% of GDP. When the economy falters, we're told spending is our patriotic duty. But it doesn't have to be this way
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