What Happens When A Company, Or An Economy, Can’t Squeeze Any More Juice Out Of The Lemon
by Erico Tavares of Sinclair & Co.
ZeroHedge.com
08/29/2015
The more we think about it, the less the classical division between microeconomics (which studies the behavior of individuals and production entities) and macroeconomics (which deals with the performance of the economy as a whole and not its individual markets and components) makes any sense – certainly not in the 21st century. And in our view it is this disconnect between the two that is at the heart of the failure of Keynesian economics – which at best is incomplete and at worst is all just baloney.
The Rest…HERE
