…overproduction that in a crisis entrepreneurs commit the lump of confidence fallacy (or the fallacy of the fixed Confidence-fund). If only they understood how the “magic wand” of confidence works….

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

…consumer confidence, and a rising stock market. 2.2% growth is basically ok, closer to recession than to boom, but basically neither. It would take growth rates somewhat above 3% to…