The categorizations of FIRE and Production/Consumption economies does not take into account the STUPID economy category.

A current example of the STUPID economy is reported here

http://news.yahoo.com/s/ap/20080801/...ngelina_photos

NEW YORK - Exclusive photos of Brad Pitt and Angelina Jolie's newborn twins fetched $14 million, a person involved in the negotiations told The Associated Press, giving People magazine and a British tabloid joint rights to publish the most expensive celebrity pictures ever sold.
People magazine and the Bristish tabloid are stupid as are those who would purchase either publication.

Next time Eric interviews Michael Hudson, remember to ask him where this sort of bullshit fits into the future financial stability of the Anglo-Saxon economies.