ultranomics

Frugalista, Obamanomics? These are two funky new terms that we have come across this week whilst surfing the web for economics news. We discuss here something called ‘The Paradox of Thrift’ - a term coined by the economist John Maynard Keynes who stated that although being frugal and thrifty seems to be the best policy for individuals, as far as the overall economy goes it can be damaging.

In this Ultraletter…… A Hollywood theme to tk’s contemplations, while jq is on Speed…………..

Reaching for the stars
23rd November 2008, TK

With America in the throes of its worst slump since the 1930s and the rest of the world not far behind, Americans have been keen to latch on to any glimmer of hope they can find [...]