BusinessA blow to the permanent income hypothesis?Megan McArdleJune 12, 2008Retail sales jump as people spend their tax rebates. However, the rise is less impressive if you exclude gasoline.Recommended ReadingThe Difference Between First-Degree Racism and Third-Degree RacismJohn RiceI Got Fired Over ZoomDeborah CopakenSomething We Can All Agree On? Corporate Buzzwords Are the Worst.Kate Cray