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I rather suspect that's hopelessly optimistic.

Certainly, in capital terms, I'd expect at least some of the hundred Americans to have a net financial worth of nil. I'd even expect some to be in debt/negative equity and to have negative wealth.

In income terms, there are going to be some Americans coming in at nil as well.

I wonder where their nickel really ends up...

by Sassafras on Sun Dec 6th, 2009 at 04:01:39 AM EST
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"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Sun Dec 6th, 2009 at 06:39:48 AM EST
[ Parent ]


"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Sun Dec 6th, 2009 at 06:41:58 AM EST
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