Are you growing hysterical, buying Christmas presents that you cannot afford in hope of rescuing the economy? (Okay, we didn’t think so). A merry and clever Yuletide video makes the economic point for savings versus Quantitative Easing on a family and national scale, from the creative people who brought us the Keynes and Hayek rap videos. Watch their short, musical Christmas special ” Deck the Halls with Macro Follies ” below.
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This is AMAZING!!!!! What a find. I've been thinking about Keynes as I notice a lot of people are not repairing their cars properly (broken down on the side of the road or in the lane itself) or they are very cheaply replacing parts of their car into a smorgasbord of colors. If breaking the window helps the window fixer, what happens when the window is broken and people use plastic wrap to fix it? Not quite the same financial stimulus, eh?
Thanks for sharing! 🙂