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Whenever I think about this topic, I am reminded of a line from Mean Girls:
Gretchen: That is so fetch!
Regina: Gretchen, stop trying to make fetch happen! It’s not going to happen!
Here’s my version:
Policitians, pundits, etc.: Blah, blah, blah, trickle-down economics, blah, blah…
Economists: Stop trying to make trickle-down economics happen! It’s not going to happen!
It [...]
Tags: Macroeconomics · Policy
I’m beginning to think that Saturday Morning Breakfast Cereal has something against economists:
In my defense, I do not behave like this, although I may feel the need to point out that Monopoly is realistic in that rents go up once someone has a monopoly on a property… come to think of it, however, I haven’t [...]
Tags: Macroeconomics
Jon Stewart often makes insightful economics-related comments on his show. Now I think that that’s because he has Nouriel Roubini, um, on retainer:
The Daily Show With Jon Stewart
Mon - Thurs 11p / 10c
Tags: Macroeconomics · Policy · The Simpsons
Happy Birthday Mr. Bastiat…okay, you have to picture me singing that in my Marilyn Monroe voice to get the full effect. Anyway, in case you are not aware, Frederic Bastiat was a political economist back in the early to mid 1800’s. His writings are generally more on the extreme libertarian end of the [...]
Tags: Macroeconomics · The Simpsons
I suppose I shouldn’t be surprised that the “but the oil spill is creating jobs” line is being trotted out in political circles, since this is often where economic and political realities come together to crash and burn in an intellectual blaze of glory. Here’s the reality: everyone in this debate is both [...]
Tags: Econ 101 · Environmental Econ · Macroeconomics