Keynesian Comic Relief

Highlights: Keynes discovered that people tend to consume less than they produce, which equals baad evulniz.

There should be a video game like Duck Hunt with professors instead of ducks.

He needs to read Human Action Comics, by Lilburne. Maybe he could be a character in the next issue.

Interesting that he says most recessions of late have been brought on by the Fed raising interest rates too high without mentioning why that would be such a problem.

He then talks about regulations on financial institutions but not on the Fed itself. A nice dodge.

He may indeed make an appearance at some point. I actually had an encounter with him back in 2005. Here’s a post about it: The Deadly Egalitarianism of Robert Reich.

Well, you were dead on in predicting that he and Krugman would gain great influence over public policy.