The trickle-down effect | AspenTimes.com
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The trickle-down effect

Dear Editor:

John Sachs made an important point during Monday night’s Aspen City Council session on Burlingame related to the “multiplier” that affects cash kept in a local community instead of allowing the cash to leak out.

He mentioned that on a national level the multiplier is an average of 2.4, meaning for every dollar that stays in a region it circulates at least twice. In the recent past, we did some very informal research and discovered that in a resort economy like ours the multiplier is more than double the national average. In a tight geographical region like ours where goods and services can be hours away – it is what sustains our lives – and makes our local economy work to everyone’s’ benefit. Governments and elected officials, please keep that in mind when making decisions that affect all of our futures. We are slowly getting tapped out.

Rick Stevens

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Basalt


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