So long as it works, there’s no reason why the normal cheque-users should concern themselves with what is essentially a matter of the internal plumbing of our financial system and payments infrastructure. I’m sure you will be glad that only time inhibits me from revealing everything you always wanted to know about the plumbing arrangements for cheques, but were probably afraid to ask.
And while American corporations have cut their investment spending very sharply indeed, households have continued to increase their spending on consumer goods and services.