ultranomics

The following statements are all fact:
(1)The USA is by and large responsible for this Global Credit Crunch turmoil.
(2)They were also the first nation to kill millions of humans with the first atomic bomb.
(3)They are the biggest exporter of war, espionage, economic & military threat, and blackmailing of sovereign nations.
On his political blog, Real Clear [...]

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.