Submitted by CARPE DIEM
Stimulating Nonsense by John Stossell: “The money that will allegedly be “injected” into the economy is already in the economy. So how can it be a stimulus?”

That ‘Stimulus’ Nonsense by Arthur Laffer: “All of the stimulative effects of the rebate to the recipients will be 100% offset by the destimulative effects […]

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Submitted by CARPE DIEM

Feb. 13 (Bloomberg) — Retail sales in the U.S. unexpectedly rose in January as Americans spent more on cars, clothes and gasoline, a sign that the biggest part of the economy is holding up even as the housing slump deepens.
The Commerce Department said total sales rose 0.3% in January, compared to […]

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Submitted by CARPE DIEM
FORBES–Advertising trends tend to forecast the temperature of the economy as a whole, but after Omnicom Group announced its fourth-quarter earnings it looks like the mercury is rising amidst a snowstorm.
Despite the recent economic downturn and talks of a recession, Omnicom Group (NYSE:OMC), the world’s largest advertising services company, announced a 13% […]

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Submitted by CARPE DIEM

George Mason economist Don Boudreaux, writing today (”The Ultimate Scholar“) in honor of resource economist Julian Simon, on the 10th anniversary of his death, revisits the famous bet in 1980 (it even has its own Wikipedia listing: “The Simon-Ehrlich Wager“) between scientist Paul Ehrlich and economist Simon:

Stanford University’s Paul Ehrlich — […]

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Submitted by CARPE DIEM
Over the last 25 years, the U.S. economy has been in recession only 5.3% of the time, compared to the much higher frequencies of recessions in previous periods of comparable length (see graph above).
The U.S. economy has become increasingly more stable over time (see graph above). Since 1985, real GDP growth […]

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Submitted by Businomics Blog
I was recently interviewed by Jim Blasingame on the Small Business Advocate Radio show.  Among other things, we talked about contingency planning for when things turn up.

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