Buying Local

Apropos of the post on bookstores. The Economist once again reminds everyone that buying from locally own merchants is the best way to stimulate the local economy. Though the gap has closed some, for every $100 you spend $13 at Barnes and Noble stays in the local economy. Spend that same $100 at 710, Book Worm or Book World and $25 to $30 stays here in local wages and purchases from other stores (When the original study was done in 2002, about $45 stayed locally and it was a study focusing on the Austin economy; more recent studies appear to be national).