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What Will Be the New Economic Paradigm?

Beckworth and The Kauffman Foundation (PDF), here’s how econobloggers would like that question to be answered (thanks, FTA, for the great question): Personally, I fondly envision some coherent amalgam of…

Wealth vs Income

…negative net worth. Either way, they are living hand to mouth. This suggests that 1) they have unmet needs, and 2) will spend the next available dollar trying to satisfy…

Answers: Taking IOR to Zero

…as those depicted in the currency fantasy above — Thoma links to an article by Todd Keister from the NY Fed. In short, IOR of zero would break a whole…