How much spending? And how does the holiday affect the U.S. economy? Those are two of the questions that came up in my recent conversation with Foreign Policy economics columnist Adam Tooze on the podcast we co-host, Ones and Tooze. What follows is an excerpt, edited for length and clarity.
Americans celebrate Thanksgiving this week. Like with most holidays, the origin story is a little fuzzy. What we do know is that Americans tend to do a lot of traveling, eat a lot of turkey, and buy a lot of consumer goods over the holiday—making Thanksgiving a time of spending.
Americans celebrate Thanksgiving this week. Like with most holidays, the origin story is a little fuzzy. What we do know is that Americans tend to do a lot of traveling, eat a lot of turkey, and buy a lot of consumer goods over the holiday—making Thanksgiving a time of spending.
How much spending? And how does the holiday affect the U.S. economy? Those are two of the questions that came up in my recent conversation with Foreign Policy economics columnist Adam Tooze on the podcast we co-host, Ones and Tooze. What follows is an excerpt, edited for length and clarity.
For the full conversation, look for Ones and Tooze wherever you get your podcasts.
Cameron Abadi: The demand for turkeys obviously surges around November every year. But at the same time, Adam, the price also drops. So I thought I’d just ask you, how exactly does that work?
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