One of his government actions was to give shopping coupons to 35 million citizens in the hope it would spark a consumer boom.
The Iranian consumer boom is back, as well.
That is where so much of the consumer boom of the 1980s came from.
In Brazil's major cities a consumer boom is under way.
As recently as last year, a brief consumer boom kept spirits high.
Higher oil prices and a consumer boom that enabled stores to reduce seasonal discounts were blamed for the increase.
Prosperity, too, had been the product of small enterprises and a lengthy consumer boom financed by credit.
Thirdly, there were some large groups of Americans who were unable to join the consumer boom.
The consumer boom was based on house price inflation and banks lending money to poor people.
Presumably, at the height of the consumer boom, its value would have been greater than 1.
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