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John: I have to admit to not being very familiar with this particular bowel movement. Among we few institutional economists, FIRE stands for Finance,Insurance, & Real Estate (i.e., the heart of the wank). And if it requires earning 6 figures per year in retirement to retire then only the wankers need apply. If we don't get monopoly seller sanctioned inflation under control, even 6 figures, austerity, and lots of skullbuggery won't cut it. NOTE: https://medium.com/@daneke/when-the-wank-became-swank-money-banking-and-the-evolution-of-the-all-debt-economy-22e334f8ee3e

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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