The inimitable EconStories gang, which includes the great John Papola, has just released their newest creation just in time for Christmas: Deck the Halls with Macro Follies. It lampoons the idea getting consumer spending going is how to jumpstart an economy. Contra those ideas of Keynes and Malthus (and Bernanke!), the real way to build prosperity is to save and thereby increase production. But watch the video, it’s really fun.
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Major kudos to John Papola and Russ Roberts on the release of their latest EconStories.tv project:
To call this a “rap video” doesn’t do it any justice; the phrasing of the lyrics is clear, precise and natural in that it doesn’t seem forced. Who ever said that economics is a dismal science?
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