…and demand — causing the prices of those goods the government is purchasing to increase. Usually, rather quickly the price of all goods and services increases by similar amounts –…

…spending is a coincident indicator, but real spending on services almost never declined, even during recessions. Rather, it simply increased at a decelerated pace. Personal spending on goods, on the…

…goods employment is up 1.1%. The below graph norms both values to zero, to show how they compare historically: Both real spending on goods and goods employment are actually weak…

…goods and services (and creates new assets based on the increased stock of un-consumed goods). When they just swap existing assets — portfolio turnover or “churn” — it doesn’t. It just readjusts…

…but employment is virtually dead in the water, neither expanding nor contraction. Importantly, remember that the goods producing sector is only roughly 1/4 of the entire US economy. The remaining…

…activity encompassing the production and distribution of goods and services, which has sometimes been referred to as provisioning. This is quite a lot but not everything. It includes meditation classes…

…spending included a $63.6 billion annualized increase to an annualized $10,517.0 billion in spending for services, and a $33.1 billion increase to $3,558.5 billion in annualized spending for nondurable goods,…

…including many poor people. This has led observers like Ron Haskins and Isabel Sawhill, senior fellows at the Brookings Institution, to assert . . . “access to certain consumer goods,”…

…increase were durable goods manufacturing (led by other transportation equipment) and nondurable goods manufacturing (led by chemical products) (table 13). Within private services-producing industries, the leading contributors to the increase…

…; (b) to achieve a given level or percentage of domestic content; (c) to purchase, use or accord a preference to goods produced in its territory, or to purchase goods…