Last Friday, Americans kicked off the holiday season with zeal. They lined up outside the malls and big box stores in the cold night, hovered over their internet browsers waiting for sales to begin, fretted over price comparisons from different retailers. They spent money. They were excited to spend money, and the economists were excited too. Everyone jostled for position—the sales are short lived—and one man in San Antonio even pulled a gun on a shopper trying to cut the line. The...
Last Friday, Americans kicked off the holiday season with zeal. They lined up outside the malls and big box stores in the cold night, hovered over their internet browsers waiting for sales to begin, fretted over price comparisons from different retailers. They spent money. They were excited to spend money, and the economists were excited too. Everyone jostled for position—the sales are short lived—and one man in San Antonio even pulled a gun on a shopper trying to cut the line. The...
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