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The financial transaction rules may be based upon transaction amounts, aggregate spending amounts over a period, merchant categories, specific merchants, geographic locations, or the like.
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Too many believe that the economy is driven merely by aggregate monetary spending as if all such spending is economically equal.
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Since Surowiecki has opened the door to plausible but unproven propositions, let me offer another: If the Fed were to let the incomes of retired savers rise to the free market level, those retirees would boost aggregate demand by spending a significant portion of the increase.
FORBES: Savers: Don't Shut Up, Speak Up!
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This urge to shore up wealth is self-defeating in aggregate, as it curbs spending and incomes.
ECONOMIST: Paul Krugman's London lectures
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Since the fourth calendar quarter of 2008, aggregate State and local government spending has declined by approximately 6.5 percent.
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Therefore, reducing wasteful federal spending will not reduce aggregate demand.
FORBES: Move up http://i.forbesimg.com t Move down
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Therefore, government spending does not add to aggregate demand, but rather shifts resources from the hands of private individuals into the hands of government officials who in pursuit of their self-interest favor the politically connected and expedient over true growth producing opportunities.
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The swelling jobs count has lifted aggregate incomes, which augurs well for consumer spending.
ECONOMIST: Britain's economy
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Instead of focusing on aggregate demand replacement, policymakers should view government stimulus spending from an economic return perspective that focuses on the potential value created by government spending versus the potential value created by private spending.
FORBES: The Policy Value Gap, Part 1: A Fiscal Perspective
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Government spending in Japan is out of control, and the aggregate fiscal deficit would be catastrophic if it weren't for the extremely high domestic savings rate.
FORBES: Sell yen, buy dollars