[W]ith 250 years of growth... we... have 78% of the US work… - John Komlos

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[W]ith 250 years of growth... we... have 78% of the US workers living from paycheck to paycheck. No savings. ...40% of adults do not have $400 for an emergency expense.

John Komlos

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About John Komlos

(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.

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Ha-Joon Chang Joseph E. Stiglitz Kate Raworth Paul Krugman Friedrich Hayek

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The new normal is what I call Bailout capitalism because Ben Bernanke put a lot of money [creation of $trillions by the Federal Reserve] into the financial sector.

Most of the models pertain to perfect competition. Forget about it! The default model should be or monopoly.

[F]our economists have received Nobel Prizes for Behavioral economics... [T]hat should be the default model. ...Forget about rationality. That's a silly assumption.

[W]ith 250 years of growth... we... have 78% of the US workers living from paycheck to paycheck. No savings. ...40% of adults do not have $400 for an… - John Komlos

About John Komlos

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