The Future of Innovation with Cathie Wood
Why Is This Happening? The Chris Hayes Podcast
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Is There a Consumption Substitution Effect?
There's a substitution effecta consumption substitution effects, that happens, right? Which is that there's a supply shock, but there's also just this enormous substitution of services for rable goods. And you're one ofthe few people, even the economists out in the financial services industry, with the exception of one that i know, nancy lazare at cornerstone mech,. Even they do not understand how big a deal this is because goods and non- Durables are only one third of consumption.
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