Should We Cheer Booming Retail Sales?

Should We Cheer Booming Retail Sales?
People walk along 5th Avenue in Manhattan, one of the nation's premier shopping streets, in New York City, on Feb. 15, 2023. Spencer Platt/Getty Images
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Commentary

This one you simply will not believe. The major business press this morning absolutely cheered to the heavens about the surprise explosion in retail spending in January. As I will show, it’s all a big fakeroo.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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