For reference: 2Q 2019 energy (gasoline and other motor fuel, electricity, natural gas) was 4.02% of U.S. personal consumption expenditure.pic.twitter.com/il11hhWYBr
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For reference: 2Q 2019 energy (gasoline and other motor fuel, electricity, natural gas) was 4.02% of U.S. personal consumption expenditure.pic.twitter.com/il11hhWYBr
Add legal amphetamine aka attention-deficit hyperactivity disorder treatments (~10bn) + OTC and prescription abused opioids (~3bn) + antidepressants (~14bn) would give a better view of household expenditure on "drugs" in general
This explains yacht rock!
this is amazing. i heard somewhere that around that time the miami federal reserve took in more cash deposits than all of the other branches combined.
So the war on drugs has actually worked?
Or drugs became cheaper, or income grew whistl consumption remained somewhat stable.... interesting data nonetheless...
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