Economists Do It With Models

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Just For Fun: Is This What It’s Like For You To Read My Site?

September 30th, 2010 · 5 Comments
Just For Fun

From The Onion:

WASHINGTON—Some sort of tax cut or earnings or money or something was reported in economic news this week in further evidence that a lot of financial- related things have been going on lately.

According to numerous articles and economics segments from major media outlets, experts on banks and such have become increasingly concerned over a new extension or rates or a proposal or compromise that could signal fewer investments, and dollars, and so on.

Hmph. I do have to admit, however, that this illustrates an important point to me- if this is how most people interpret real economic news, I’m not particularly surprised that they don’t want to pay attention. It was even a tad challenging to force myself to get through this whole article, and I now picture bankers talking like the parents from Peanuts.

How can I credibly promise people that economic news and insight would be more interesting if they had the proper background knowledge? I mean, that’s how it works with sports…for example, without knowledge of the rules of football, the game is just a bunch of big dudes in tights trying to run each other over. (Okay fine, that still sounds sort of interesting. But hopefully you get my point.)

the best part of the article:

Although it has not been totally determined whether Krugman agrees with leading experts on assets or retail sales data or other fiscal things, reliable sources have confirmed that he has a beard.

Yup. I checked my own reliable sources, and this appears to be correct.

Tags: Just For Fun

5 responses so far ↓

  • 1 leeoftampa // Sep 30, 2010 at 2:55 pm

    Hey! That bearded guy was in Get Him to the Greek!

  • 2 CarlWeathers // Sep 30, 2010 at 4:16 pm

    Krugman is delusional.

  • 3 dismal_scientist // Sep 30, 2010 at 4:36 pm

    The people who report on economic news are often incorrect on the basic subject matter. It’s very disturbing.

    The real question is, does Krugman have a more “epic” beard than Bernake?

  • 4 Tristan T. // Sep 30, 2010 at 6:51 pm

    I think Bernake wins, but Krugman is rocking the salt and pepper style.

  • 5 Kevin // Sep 30, 2010 at 9:37 pm

    Might have something to do with the fact that most people never study basic econ and I think it is against the law for a politician to know econ.

    Good post though, it made me smile.

    Thanks

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