Comment by suslik
18 hours ago
But how is that possible? How can one survive without income barring homelessness, begging, prostitution, and other not so utopian options?
18 hours ago
But how is that possible? How can one survive without income barring homelessness, begging, prostitution, and other not so utopian options?
government, where two thirds of spending comprises transfer payments that help households bridge the gap between their spending, retirement, and health care needs and their wages and salaries [1]
The market comment linked in the paragraph above that one features a toy model of the US economy which illustrates this (section "Equilibrium in output and income"). [2]
[1] https://www.hussmanfunds.com/comment/mc260219/
[2] https://www.hussmanfunds.com/comment/mc260104/