Thursday, 7 March 2013

A Picture of Keynesian Economics

Professor John Cochrane posted this picture on his blog yesterday,

And explains,

Greg Mankiw posted this lovely "comic of the day." He called it "not completely fair." I'm not sure what he meant. Perhaps it's in need of a better caption. To be fair to Keynesian economics, perhaps the caption should continue, "When you're done, another half a box will magically appear on the wall." Maybe this is a good time for a cartoon caption contest!

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