Categories
Economics

Other People’s Money

Australian Senator David Leyonhjelm makes an impactful speech about the risks of being cavalier with other people’s money, of valuing everything and understanding nothing about the cost

Categories
Economics

Sh*t happens: a birds eye view of economics

THIS is a very humorous and instructive (albeit PG rated) overview of economics. Here are the super-summary notes: 1. Microeconomics: The price of sh*t is determined by supply and demand. 2. Macroeconomics: Oh, sh*t! 3. Keynesian economics: Sh*t happens because of animal spirits. 4. Neo-keynesian economics: This sh*t is sticky. 5. Neo-classical synthesis: Sh*t happens in the […]