Will spending my economic stimulus check at the mall really help the economy?
Assuming that everyone went out and spent their money, yes. When you spend money at the mall, it means the business has money to pay its employees. Those employees go out and sped their earnings, and the money continues to filter through the economy. You’re buying goods also creates jobs for the people that made those goods, the truck driver who delivered them, etc. etc. etc. All of that money trickles down through the economy, creating jobs and pushing the economy forward. In economic theory it’s known as the Keynesian Multiplier, since every dollar the government spends (or, in this case, spends by way of giving you a tax break, which you then spend) contributes 1.X dollars to the economy when the trickle down effect is considered. I forget off hand what the multiplier is in reality, I want to say it’s something like 1.2. Of course, if everyone else were to simply bank their check, and you were the only one that spend yours, it would have no impact… but it’s in the best interest of
