ultranomics

The world’s economy is floating about in uncharted waters, friends. You knew that though, right?
The economic leaders, i.e. the governments have no clue how this is going to play out. Neither do the so-called experts – the economists, the analysts, the commentators.
Due to the unmapped landscape and the all-pervading fear of this unknown scenario, [...]

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.