Speaking of stimulus, Greg Mankiw draws our attention to what that check writing activity by the federal government might actually be doing -- Greg Mankiw's Blog: Not exactly what they had in mind. He directs us to a recent press release:
An unforeseen and surprising beneficiary of the Economic Stimulus Plan, a plan that George Bush contends will "boost our economy and encourage job creation," has surfaced this week. An independent market-research firm, AIMRCo (Adult Internet Market Research Company), has discovered that many websites focused on adult or erotic material have experienced an upswing in sales in the recent weeks since checks have appeared in millions of Americans' mailboxes across the country.
According to Kirk Mishkin, Head Research Consultant for AIMRCo, "Many of the sites we surveyed have reported 20-30% growth in membership rates since mid-May when the checks were first sent out, and typically the summer is a slow period for this market."
I still think my idea for a training tax credit is a better way to go (he says, tongue firmly planted in cheek).
Leave a comment