F is for FIRE Sector by Michael Hudson

f plate 3

Image by Jeremy Brooks via Flickr

by Michael Hudson
Writer, Dandelion Salad
September 23, 2013

Part F in the .

Factoid: A hypothesis, rumor or story so consonant with peoples’ preconceptions that it is accepted as a fact or working assumption, even though it often is made up a priori. Among the most notorious examples are the ideas of diminishing returns, equilibrium, that privatized ownership is inherently more efficient than public management, and that trickle-down economics works. (See Junk Science.)

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