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I Don’t Think This Is What Keynes Meant By Depression Spending…

April 6th, 2012 · 7 Comments
Just For Fun · Macroeconomics

So this showed up on my Facebook wall the other day. I’m guessing that reader JD made it himself, since I couldn’t seem to find it anywhere else online. (Does that mean that this counts as an exclusive?)

Love. See, it’s funny because it’s true- part of Keynes’ theory was that governments can stimulate the economy by spending, since spending employs people, and those employed people then buy stuff, which employs other people, who then have more money to buy stuff, etc. This is why I decide that I am doing my part to get our nation out of recession each time I go shopping.

Tags: Just For Fun · Macroeconomics

7 responses so far ↓

  • 1 BradyDale // Apr 6, 2012 at 10:51 am

    yep. good stuff.

  • 2 J.D. // Apr 6, 2012 at 10:53 am

    As much as I would like to take credit, the creation is not mine. :\

  • 3 J.D. // Apr 6, 2012 at 11:38 am

    Jodi,

    Earliest I can find of the joke is here, which is dated about two years ago:
    http://www.cartoonstock.com/directory/k/Keynesian.asp

    I found the image I forwarded to you in my FB news feed. FB credited it to me because I was using my smartphone when I uploaded it to your wall.

  • 4 bdbd // Apr 6, 2012 at 4:20 pm

    Promise her anything, but give her stimulus.

    http://www.youtube.com/watch?v=h4xXholso1M for those too young to get the reference

  • 5 KC // Apr 7, 2012 at 9:52 am

    Bush had it right then…

    http://youtu.be/lfs6wpjlu28

  • 6 Marc // Apr 11, 2012 at 9:33 pm

    This is exactly what I’m doing in Macro right now, Keynes=spend spend spend

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