As sofas go, the one in the US Bureau of Economic Analysis has an impressive capacity to conceal cash. Less of a sofa and more of a portal to a lost world. So, the discovery of almost US$100bn of unrecorded national income must be a cause of national celebration - right? Cash-strapped US consumers will rush to the malls and forecourts to stake thier new-found claims to goods and services? Actually no. No-one has a dime more than they already knew, and no reason to spend more vigorously than they had previously planned.
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