KTRH-AM covering local news from Houston and across Texas.
Financial and economic experts have been predicting a US recession for months, some of them for years, but the economy just continues to show signs of strength in at least some ways.
Corporate air travel has seen growth over the past few months after trending downward earlier this year, according to United Airlines.
There’s talk of new tariff arrangements with other countries that some economists believe could be like a shot of vitamins for the economy later in the year.
And that may well be needed, what with disappointing job numbers and that pesky inflation that seems hard to control.
John Tamney, is the author of the new book, The Deficit Delusion: Why Everything Left, Right and Supply Side Tell You About the National Debt Is Wrong
He says the news from United, coupled with possible success by the Trump administration on tariffs in some cases make for strong arguments for a strong economy.
And as a financial writer who leans toward free markets, the one big problem with those markets is the government.
"And if we keep ourselves free, if we can get government largely on the sidelines, there’ll always be economic growth.
"Will there be downturns? Of course there will be.
"Recession is a signal of an economy fixing itself," Tamney says.
"And so the only risk to economic growth is government intervention."
