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Harsh winter weather temporarily has fled Greater Lafayette, but some residents still are dealing with a pricey leftover from the bitter cold.

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Frigid weather gone, but leaves its calling card | Journal and …

Harsh winter weather temporarily has fled Greater Lafayette, but some residents still are dealing with a pricey leftover from the bitter cold.

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Frigid weather gone, but leaves its calling card | jconline.com …

http://blogs.forbes.com/johntamny/2010/10/03/facebook-exposes-tax-and-consumption-myths/

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As we hear a day-by-day “retail detail” analysis of the US economy judging by the purchasing habits of Christmas shoppers, here’s an interesting take on our current economic woes… that excessive consumption is a deterrent to real economic growth. This article is taken from Forbes and its author John Tamny.

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“… spendthrift habits among individuals, far from an economic stimulant, work against economic growth given the greater likelihood that the imprudent will eventually line up for handouts funded by the prudent. DeCambre’s seen is the wasteful spending that allegedly stimulates economic growth, but as is often the case with business writers, they rarely consider the unseen future result of fiscal incontinence…”

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and furthermore…

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“…More obvious is the simple truth that demand never needs to be stimulated. As humans our wants are unlimited, so when economists say we must stimulate demand, they’re ignoring the greater reality that all production is engaged in with an eye on consumption. Demand is the easy part, after which the true goal of economic policy should be to stimulate saving so that entrepreneurs have access to capital and individuals have funds for a rainy day.”

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So, what say you, American shoppers? Are you hurting the US economy or helping the foreign economies that produce most of the goods you are purchasing for Christmas?

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BTW – Happy holidays and a better New Year! I’m going out to open a savings account for my grandkid AND purchasing the Wii Star Wars Clone War Laser Battle complete with laser sabers… Does that mean my actions cancel eachother out? :smileywink:

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Lesbians in China petition to donate bloodBEIJING — Lesbians in China have organized an online petition calling for gay people to be allowed to donate blood, state media reported Tuesday.

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Lesbians in China launch petition online against alleged blood …