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"The Simplest Way To Describe Keynesianism" In One Photo

Tyler Durden's picture




 

This is the simplest way to describe Keynesianism:

via Alejandro Pedrosa

 

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Fri, 06/05/2015 - 20:34 | 6168269 Rainman
Rainman's picture

If those are stairs to the gallows, it all makes sense.

Fri, 06/05/2015 - 20:39 | 6168281 B-rock
B-rock's picture

Those are for physical rehabilitation. What are you saying? Keynesianism works?

Fri, 06/05/2015 - 23:58 | 6168616 Al Gophilia
Al Gophilia's picture

Correct. They were built specifically for wheelchair access. They ran out of money before they could install the electronic "Entry" sign.

Sat, 06/06/2015 - 01:21 | 6168683 Squid-puppets a...
Squid-puppets a-go-go's picture

nar, it describes keynesianism perfectly in that its an easy access ramp from which the able and priveledged can throw the disadvantaged down the stairwell of life

Sat, 06/06/2015 - 10:06 | 6169049 Ignatius
Ignatius's picture

This stairwell is one of the finest examples of Modern Art I've seen.

Step aside, Warhol.

Fri, 06/05/2015 - 20:40 | 6168287 fascismlover
fascismlover's picture

Stairs need to be higher

Fri, 06/05/2015 - 20:52 | 6168309 CPL
CPL's picture

There's a pre-planing committee that's currently advising the post construction committee to talk to the contractors to establish a time-line to obtain the building permits from the city counsel and public recreation division.  The extra stair probably won't be added though, the environmental impact committee will probably have an issue with the possibility that a squirrel might fall and hurt themselves which means a kickback will have to be added.  With the kick back, the spending advisory committee will probably note the budget shortfall.  This is all conditional on what all the legal teams say of course after a definition of practice and a gap analysis is done.

Keynesian practice in a nutshell.  400 people to accomplish nothing.

Fri, 06/05/2015 - 21:58 | 6168449 stacking12321
stacking12321's picture

400 government workers accomplishing nothing would be great.

in fact, if they ALL accomplished nothing at all, that would be a wonderful world to live in.

 

Fri, 06/05/2015 - 22:17 | 6168485 NoDebt
NoDebt's picture

An M. C. Escher painting brough to life.  What will those crazy Keynesians think of next?  A REAL bridge to nowhere would be my guess.  No, wait, already got several of those.

Fri, 06/05/2015 - 23:49 | 6168607 Oh regional Indian
Oh regional Indian's picture

Cool as an analogy minus context.

In the real world, probably a loading ramp for the physically challenged.

Why so long? Perhaps it's in a hospital? Stretchers?

Nodebt, if it were an empty escher, you'd see some infinite looping.... ;-)

 

Floot loops!

https://www.youtube.com/watch?v=aaZcFjEOr2s

 

Sat, 06/06/2015 - 01:36 | 6168692 Bananamerican
Bananamerican's picture

$10 bet that's a "make-work" job in a commie or formerly commie country...Russia? East Germany? Romania?

Sat, 06/06/2015 - 06:51 | 6168843 Max Steel
Max Steel's picture

done with your bs idiot ?

 

Sat, 06/06/2015 - 08:12 | 6168919 Handful of Dust
Handful of Dust's picture

It's to run Sheeples in circles ... tire 'm out before leading them to the FEMA camp.

Sat, 06/06/2015 - 01:42 | 6168576 CPL
CPL's picture

Government workers?  Are you mad?  The unions would have a fit.

Contract it out to the ISO 9001 vendors so they can subcontract to their partner companies inorder to ensure fairness and transpearency through out the entire corprorate process of the tender of the request for the review of the change made by the primary client.  Couldn't be clearer in the event a step is added to the ramp in the middle of nowhere. 

Before we lose our minds over this extra step fiasco.  There will have to be an independent consultant from a management group to make sure that all of the ISO steps are properly determined before the cancellation of the project to highlight in the post mortum report why it wasn't possible.

Sat, 06/06/2015 - 07:21 | 6168871 willwork4food
willwork4food's picture

You have a gift.

CPL IN 2016!

Sat, 06/06/2015 - 09:40 | 6168999 Five8Charlie
Five8Charlie's picture

Reads like he's been through those particular wringers a few times....

Sat, 06/06/2015 - 11:13 | 6169203 CPL
CPL's picture

And it gets funnier every time I see it happen. 

I once watched a working group on equity disbursements (like 5 or 6 people) very seriously discuss the colour of the paper for three weeks while they camped out in prime meeting room real estate by cock blocking the entire outlook calendar until the end of time.  While the topic wasn't that interesting, the participants of the meeting were all about as serious as a heart attack about the paper they needed to use.  As a contractor you just learn to step around those people because they have a habit of delegating meaningless time wasting tasks to anyone in earshot.  Or worse, they want to tell you about it at great length while they've got you cornered in a hallway.

Sat, 06/06/2015 - 05:20 | 6168784 fascismlover
fascismlover's picture

Unfortunately, our law makers are there to create laws.  The constitution was written for this...makes one wonder if this was all planned from the beginning.  Given that they were slave owners that loved killing an injun. Largest genocide ever...not going to read about that in the history books though.

Sat, 06/06/2015 - 06:56 | 6168847 fascismlover
fascismlover's picture

Did I touch a nerve, Patriot?   

Sat, 06/06/2015 - 15:37 | 6169831 Oh regional Indian
Oh regional Indian's picture

Definitely a touchy topic in America.

The Bureau of Indian Affairs, yet another shameless three letter agency.

All AB-Originals (note that word) are now mostly in reservations all over the world.

Repatriations, in one form or another, do happen.

Sat, 06/06/2015 - 05:09 | 6168793 wee-weed up
wee-weed up's picture

 

 

"400 government workers accomplishing nothing would be great. in fact, if they ALL accomplished nothing at all, that would be a wonderful world to live in."

Unfortunately, us taxpayers have to their exorbitant salaries no matter what they do or don't do.

Sat, 06/06/2015 - 15:11 | 6169769 CPL
CPL's picture

It's fine, there's only one way the economy ends up by the math alone.   Just have to sit, not help, tighten the belt and wait while keeping busy doing other things.  Like a tan, or count blades of grass, anything but lending a energy to the shitty mess to ensure that no liability is implied or offered.  Eventually their cheques bounce and their money or credit isn't worth the price of two ply. 

It's just the way it is because it was very badly designed as an economic model and the science output from it...to state it plainly, there is nothing to do to fix it.  All central bank models are built to collapse and take all the users of it with it.  Including the people running the central banks because as if a bunch of soft pussies that depend on people to wipe their asses will know what to do with themselves after all their help is gone. 

Besides the poorly constructed math of the financial shit sandwich, the glacial period is happening soon enough and no one is in any shape,  training or technology to survive it.  Once the atmosphere fully collapses it won't matter a lick, it'll just be one high powered storm after another.  One earth quake after another as the pressure on the surface of the earth cools and heats up rapidly to expand and contract.  Then the snow flies for 130000 years and that's all she wrote for this interglacial cycle while ice covers earth tip to tip.

http://en.wikipedia.org/wiki/Glacial_period

Judging by the past climate models.  Around 2030-2038 is when most everyone is going to know when the shit hits the fan. 

No lack of trying on behalf of the governments to increase the temperature of earth under the false idea that throwing a handful of sand in the ocean will stop it.   Because it's actually got nothing to do with the earth or the solar system.  It has to do with the location of the entire solar system in regards to it's placement in the milky way.  The fact is all planets in our solar system get hit with climate change as we drift out of the milky way on the 144,000 year cycle as we thread the belt of the milky way.  The time to leave earth was passed a while ago (1890-1920).  With religion and petty wars taking the lion's share of development for roughly 2000 years instead of heeding the understood warnings given in myths, fables and stories.  There is no technology here and now that can be developed in the timeline required to accomplish any type of survival for those living on earth.  Once the glacial period starts, it is a point of entropy and fighting logistics that are practically impossible to overcome given the actors currently arranging things and the hazards offered by the environment.

Don't get me wrong, there are some interesting technologies available, but earth is 2000 years behind the technology curve of where it should have been and there's a general consensus that anything offered will just be abused like other offers.  There is really nothing to do right now but wait.  'This' literally gets taken care of by natural causes without any assistance.  All that can be done is manage local areas to the best of the ability and knowledge of those overlooking them to make sure everyone is comfortable and things are taken care of as they come up.

Sat, 06/06/2015 - 09:40 | 6169001 yogibear
yogibear's picture

"400 government workers accomplishing nothing would be great."

Easy to find right now.

Go to a city like New York or Chicago.

Fri, 06/05/2015 - 22:08 | 6168467 Irwin Fletcher
Irwin Fletcher's picture

The pre-planning committee is understood as the ramp on the left, and the legal teams are understood as the stairs on the right. Beyond the platform in the middle there's a view down below, unseen in the picture, where the committees and teams can look down upon natural economic cycles.

Fri, 06/05/2015 - 22:52 | 6168536 fascismlover
fascismlover's picture

sounds like my newly "elected" home owners assotiation.  They came to a very difficult (with no public input) decision to raise our rates by the only minimum suggested.  They showed a very nice graphic so it made the additional money easier with no services.  Any government or group of people is evil.  Remember that and fight against such as long as you live. 

Fri, 06/05/2015 - 23:22 | 6168579 cheech_wizard
cheech_wizard's picture

Well, as your alias suggests you do love fascism, therefore your HOA and you richly deserve one another... How stupid does one have to be to live under the thumb of a HOA?

Sat, 06/06/2015 - 04:07 | 6168768 fascismlover
fascismlover's picture

One is either under one these days or is otherwise afflicted by the same nonsense.  How are your property taxes working out for you?  You know...that tax to breathe air and exist?  HOA has nothing on that scam.  

Sat, 06/06/2015 - 00:46 | 6168660 ebworthen
ebworthen's picture

Steve Liesman:  "Everyone knows that in a wheelchair it is easier to go down stairs rather than up them!"

Sat, 06/06/2015 - 03:56 | 6168759 fascismlover
fascismlover's picture

Thank god the stairs dont lead to Ron Paul...I would be blasted to QE5!

Fri, 06/05/2015 - 20:49 | 6168307 suteibu
suteibu's picture

Yep...they walk up and are then wheeled off.

Fri, 06/05/2015 - 21:21 | 6168379 Stoploss
Stoploss's picture

It's a bridge to nowhere!!!

 

What did i win, Alex?

Sat, 06/06/2015 - 09:47 | 6169011 Eeyores Enigma
Eeyores Enigma's picture

A better image would be an escalator (no effort expended) that leads to the edge of a cliff where the people (lemmings) simply drop off one after another.

Fri, 06/05/2015 - 20:36 | 6168270 Henry Rearden
Henry Rearden's picture

growing the GDP since 1939. 

Fri, 06/05/2015 - 21:00 | 6168271 Normalcy Bias
Normalcy Bias's picture

Keynesianism is just an Escherian circlejerk...

Fri, 06/05/2015 - 21:07 | 6168347 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Escher-esque?

Fri, 06/05/2015 - 21:09 | 6168352 Normalcy Bias
Normalcy Bias's picture

You say tomato...

Fri, 06/05/2015 - 22:18 | 6168486 NoDebt
NoDebt's picture

Wait till you see their follow-up called "bridge to nowhere".

Fri, 06/05/2015 - 20:36 | 6168272 Nutflush60
Nutflush60's picture

effe Krugman and his lightweight Manhattan readers who worship at his altar

Fri, 06/05/2015 - 20:36 | 6168274 Amish Hacker
Amish Hacker's picture

It's about the journey, not the destination.

Fri, 06/05/2015 - 20:41 | 6168291 PleasedToMeatYou
PleasedToMeatYou's picture

Looks like a FedGov works project. 

Feels like a FedGov works project. 

Smells like a FedGov works project. 

Tastes like a FedGov works project. 

Good thing we no step in it, come on Cheborneck

...oh wait...

 

 

Fri, 06/05/2015 - 20:41 | 6168293 Bobbo
Bobbo's picture

I think that is a photo of my bank.

Fri, 06/05/2015 - 20:43 | 6168294 davidalan1
davidalan1's picture

lol, and I think of all the money spent on sidewalk curbs for the handicap that NEVER venture out, unless they are at walmart blocking the aisle

Fri, 06/05/2015 - 20:46 | 6168301 CHC
CHC's picture

That absolutely had to be designed by a U.S. government bureaucrat - ABSOLUTELY!

Fri, 06/05/2015 - 20:48 | 6168304 Thirtyseven
Thirtyseven's picture

Government grant shovel-ready stimulus project.  Wheelchair ramp to nowhere.

And hey, look at the condition it's in.  That was only built 9 months ago. The faster it breaks down the more we can spend on repairing it.

Fri, 06/05/2015 - 20:49 | 6168306 are we there yet
are we there yet's picture

The overgrown weeds and neglect look like Detroit.

Fri, 06/05/2015 - 21:53 | 6168434 Kprime
Kprime's picture

the stupidity apparent in the concept looks like detroit government.  

hmmm, lets see,  yes we will promise you a lifetime of ever increasing pension payments.  We will lift you from the mud to never ending highs.   Just follow this easy access ramp upwards and you won't believe where you will end up years from now.

of course deadtroit government is just a prelude to the big show.  obama has led the federal government up the ramp and they are soon to make the 180 bend.  It will be awhile before they complete the loop.

Fri, 06/05/2015 - 20:52 | 6168312 HonestlyExpress...
HonestlyExpressingYourself's picture

Why all the Keynes hate? Keynes was a smart cookie - I'm sure he'd be no advocate of the 'ism' that's pinned on him. he was a highly independent, original thinker, and certainly no cheerleading zealot. His observations on markets and 'animal spirits' were profound. He was a great investor too. In the end he was an empiricist who tried to understand the world as he saw it, with all its messiness. Austrians it seems can be guilty of their own firm of Utopiansim that 'if only' everyone would do x,y,z the market would be perfectly efficient and all would be well. Of course because we never have perfect conditions it remains a counterfactual. In the end these are all just labels and labels are of limited use: focus on the analytical details and never mind what 'school' one belongs to.

Fri, 06/05/2015 - 20:57 | 6168324 suteibu
suteibu's picture

Keynes advocated for government intervention in the economy.  If he was as smart as you say, he would have foreseen the results we are now suffering through. 

You can not say that he was both very intelligent and at the same time innocent of how his theories would be abused.  Pick one.

Fri, 06/05/2015 - 21:14 | 6168363 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Interesting note: Nassim Nicholas Taleb (author of The Black Swan) calls Keynes one of the two great minds (along with Einstein) due to a book Keynes wrote in 1921 called Treatise on Probability.

http://en.wikipedia.org/wiki/A_Treatise_on_Probability

Fri, 06/05/2015 - 21:21 | 6168380 dexter_morgan
dexter_morgan's picture

Perhaps, and just as evil as smart.

Fri, 06/05/2015 - 21:25 | 6168392 suteibu
suteibu's picture

Einstein lived to regret his work vital to producing the A-bomb.  I haven't seen anything equal to that from Keynes.  It seems he relished his role in helping to destroy the lingering remnants of a free market economy.

Plus, who gives a shit about what Taleb thinks?

Fri, 06/05/2015 - 22:20 | 6168491 NoDebt
NoDebt's picture

You're living in Keynes' regret right now.

Sat, 06/06/2015 - 00:38 | 6168656 potato
potato's picture

If you read more you will learn that what you think is not true.

Keynes later absolutely resented the focus on government intervention and would be horrified to learn his name is attributed to the monstrosity of Keynesiansism.

Sat, 06/06/2015 - 02:38 | 6168721 ersatz007
ersatz007's picture

What free market economy? There never has been one. It's a fairy tale. Just as Keynesianism, Communism, Socialism, etc...are fairy tales.

Show me a time there was supposedly a "free market economy" and I'll show you someone or something intervening in it.

Fri, 06/05/2015 - 21:46 | 6168427 Agstacker
Agstacker's picture

Stallin was a pretty bright guy too.

Fri, 06/05/2015 - 21:32 | 6168406 seek
seek's picture

I've stated before I'll hate on Keynes with the best of them, but to be fair, there's a lot of evil being done in his name he'd never approve of.

Yes, he advocated intervention, but in both directions -- spending and saving. Virtually every government only listened to the spending part. If here were alive I suspect he'd be an anti-Fed today for this very reason.

Fri, 06/05/2015 - 21:44 | 6168422 suteibu
suteibu's picture

Perhaps what you say is true.  However, and I could be wrong, he lived long enough to see the US government expand during the Great Depression based on his theory (which may have had the effect, as we are seeing now, of prolonging it) and did not seem to express any concern about it.

Who can say what he might have done had he lived longer.

Fri, 06/05/2015 - 22:11 | 6168473 KashNCarry
KashNCarry's picture

He also was alive to see the Putsch against FDR when the industrialists & Military were ready for the take over.  Gen. Smedley Butler put a stop to that...

Fri, 06/05/2015 - 22:21 | 6168493 suteibu
suteibu's picture

And?   Was he for the corporate takeover of the government or against it? 

Or did he comment on it at all?  If not, then why bring it up? (no criticism, just wondering)

Sat, 06/06/2015 - 00:10 | 6168629 acetinker
acetinker's picture

Oh, I see.  Much better that the banksters wound up in charge than those nasty industrialists and military types.

FDR was a first-class piece of human shit, in case you didn't know.

Sat, 06/06/2015 - 00:26 | 6168647 acetinker
acetinker's picture

I've got a bigger question;  Why does anyone alive today base their beliefs on some poor bastard that isn't alive to defend himself?

Keynes is a rather minor example.

Sat, 06/06/2015 - 00:41 | 6168658 potato
potato's picture

You are wrong. no one has the same ideas from start to finish. He later advocated against the same government intervention that today is attributed to his ideas. I am very disappointed so many on here don't know that.

Sat, 06/06/2015 - 01:02 | 6168674 acetinker
acetinker's picture

potato, it seems as if you're arguing with yourself- and if that's the case, I can totally understand.

I do it every day.

Who were you responding to?

Sat, 06/06/2015 - 07:44 | 6168889 ThirdWorldNut
ThirdWorldNut's picture

So let me get this straight - even though he was super smart, it took him years to realize how politicians think and that he had *inadvertently* given a weapon on mass debt slavery. 

 

Sounds entirely plausible.

Sat, 06/06/2015 - 07:55 | 6168898 Monetas
Monetas's picture

Maynard Keynes was the Paul Krugman of his time ?

Sat, 06/06/2015 - 07:48 | 6168891 ThirdWorldNut
ThirdWorldNut's picture

So you are saying his theories are impractical at best, evil at worst. Doesn't sound very smart to me.

Fri, 06/05/2015 - 21:36 | 6168412 Miss Expectations
Miss Expectations's picture

He was a pedophile.

Fri, 06/05/2015 - 22:30 | 6168508 asfffasfff
asfffasfff's picture

pedophile sound so hard

lets say he liked children very much

Fri, 06/05/2015 - 22:05 | 6168462 Miss Expectations
Miss Expectations's picture

.

Fri, 06/05/2015 - 20:56 | 6168315 Yen Cross
Yen Cross's picture

  Check's in the mail... I love you... Won't cum in your mouth....

   Heinrich Himmler

Fri, 06/05/2015 - 21:22 | 6168381 gmak
gmak's picture

The three most common lies.

 

1. Check's in the mail;

2. I'll call you;

3. Won't cum in your mouth

 

 

There fixed it for you.  No need to go to the "L" word.

Sat, 06/06/2015 - 06:52 | 6168844 Hobbleknee
Hobbleknee's picture

4. Just the tip.

Sat, 06/06/2015 - 07:59 | 6168904 Monetas
Monetas's picture

5. It won't hurt .... just a slight pinch !!

Sat, 06/06/2015 - 13:01 | 6169499 NeoLuddite
NeoLuddite's picture

Pierre and Marie are making out on the sofa...

Pierre: "Can I touch my finger on your belly button?"

Marie, emphatically: "Non!"

Pierre keeps asking, eventually Marie acquiesces: "OK, but just  for a little while and only once."

Marie suddenly exclaims: "Pierre! That's not my belly button!"

Pierre growls " Dat's not my finger either!"

Fri, 06/05/2015 - 20:56 | 6168322 JuliaS
JuliaS's picture

The Market Takes The Stairs Up And The Elevator Down.

This must be budget Keynesianism.

Fri, 06/05/2015 - 20:57 | 6168327 nanpanman
nanpanman's picture

Actually it is more like this:

http://www.faremondo.org/centrostudimairena/wp-content/uploads/2014/10/A...

You just gotta believe!

Fri, 06/05/2015 - 20:59 | 6168332 large_wooden_badger
large_wooden_badger's picture

It was supposed to be a park bench

Sat, 06/06/2015 - 10:44 | 6169123 847328_3527
847328_3527's picture

It probably took six dowzen government workers and $10 million to build that thing.

Fri, 06/05/2015 - 21:09 | 6168351 christiangustafson
christiangustafson's picture

See Detroit sidewalks to nowhere.

Shovel-ready, bitchez.  Prime that pump.

Fri, 06/05/2015 - 22:15 | 6168479 Thirtyseven
Thirtyseven's picture

They have those in Vegas too.

Yyou can even see them from the air.  You can sometimes see the lots parceled out, transformer boxes and streetlights and all the makings of a suburban neighborhood. 

The only thing you don't see are the tract homes that were supposed to be built on them.  Other times you can see 2 or 3 in what might've been a neighborhood of a few dozen, alongside what are now virtual ghost streets.

Sat, 06/06/2015 - 10:49 | 6169137 headhunt
headhunt's picture

All of those are to make the intersection ADA compliant - any further is home owners responsibility.

So the local government did their FED mandated bit and all is good

Fri, 06/05/2015 - 21:11 | 6168356 A_latvian
A_latvian's picture

I don't get it.

Fri, 06/05/2015 - 21:12 | 6168357 Normalcy Bias
Normalcy Bias's picture

Wait just a fvcking minute! That thing is NOT ADA compliant! Somebody call a lawyer...

Fri, 06/05/2015 - 21:28 | 6168399 q99x2
q99x2's picture

A transgender access way

Fri, 06/05/2015 - 21:36 | 6168414 Bill of Rights
Bill of Rights's picture

You go up the ramp as a cripple, you come down the stairs on your face.

Fri, 06/05/2015 - 21:56 | 6168443 Skateboarder
Skateboarder's picture

Sounds like skateboarding.

Fri, 06/05/2015 - 21:51 | 6168436 oncefired
oncefired's picture

Just take your Obamaphone, EBT Card, Welfare, Liheap and also around here if you get an energy audit they will replace your heater, hot water heater, air conditioner & refrigerator for free. So basically King Obozo is giving you everything you need and you ungrateful Serfs do nothing but complain - forget about freedom, just sit home and smoke doobies and slam down Busch pounders (16oz beer cans for the uniformed) and don't for get to vote democrat, because after all they are taking care of you! Now that I think about it though, when is this motherfucker going to pay for free cable tv? I mean I really need to watch Dancing with the stars and that him or her freak Jenner!

Fri, 06/05/2015 - 23:18 | 6168575 kchrisc
kchrisc's picture

All welfare begins as theft from others. The recipient is not the problem, but the thief robbing you, us, with the cover of giving some of the loot to someone else.

The problem is with the thief, and not with what, or who, the thief buys.

With that said, I would much rather prefer that the thieves were buying Shaniqua and her six kids, than more guns, tanks, and bullets to use on me and/or more victims overseas.

Liberty is a demand. Tyranny is submission..

 

Kill the recipients, and they'll just make more. Kill the thieves, and the shit just stops.

Fri, 06/05/2015 - 23:26 | 6168585 Usurious
Usurious's picture

how does one close the gold window???????? one must first create a welfare/warfare state.........only then can one close the gold window.........Vietnam/great society were ""created'' by the banks.......

Sat, 06/06/2015 - 10:46 | 6169130 headhunt
headhunt's picture

It is human nature to want to help someone in need and it is politicians nature to rob you to do it.

The issue is the recipients get to vote them selves free shit - your shit.

Fri, 06/05/2015 - 21:53 | 6168440 thesheet
thesheet's picture

I think he did foresee what would happen from his policies.

He said: In the long run we are all dead, (which is fairly close to the motto of this website).

Which could be taken as: You gotta do what you gotta do to get out of whatever crisis your in then figure out the rest later.

cheers!

 

Fri, 06/05/2015 - 22:21 | 6168492 mijev
mijev's picture

I used to go to a bar that you entered at street level but you had to walk down a steep set of stairs to the actual bar. At the back of the bar area there was another set of stairs that you had to walk up to the get to the restrooms. There were two cubicles and two urinals and in order to comply with state laws one of the cubicles was turned into a handicapped stall/toilet. I always wondered how the fuck anyone in a wheelchair would even get into the bar in the first place, let alone navigate the stairs to the toilet.

Sat, 06/06/2015 - 08:37 | 6168939 ncdirtdigger
ncdirtdigger's picture

If you had just stayed longer and drank more you would have experienced it first hand

Sat, 06/06/2015 - 10:47 | 6169132 847328_3527
847328_3527's picture

Stairs in a bar are a no-no. I helped mange a bar one time and the insurance company saw stairs and had a fit. We had to take 'm all out.

Fri, 06/05/2015 - 22:34 | 6168512 Joebloinvestor
Joebloinvestor's picture

Escher strikes.

Fri, 06/05/2015 - 23:08 | 6168561 Arthur Schopenhauer
Arthur Schopenhauer's picture

In a little known one-horse East Texas town, there is one road in and one road out. The town is suffering severely from the great depression.  Money is as scarce as hen's teeth. 

A wealthy traveling salesman walks into the only hotel in town, and lays a nice crisp $100 dollar bill on the hotel counter and announces to the hotel owner that he is going to walk upstairs to inspect the rooms.

The hotel owner picks up the $100 dollar bill and sticks it in his shirt pocket. He walks out of the hotel and enters the Cafe next door. The entire town has been running on credit since the depression began. The hotel owner owes the Cafe owner a  $100 for services rendered at the hotel.

The hotel owner pays the Cafe owner with the $100 dollar bill. The Cafe owner then walks out of the Cafe and walks next door to the butcher shop. Since the entire town has been running on credit since the depression began, the Cafe owner owes a $100 to the butcher for meat that was served at the hotel.

The cafe owner pays the butcher with the $100 dollar bill. The butcher then walks out of the butcher shop and walks across the street to a prostitute standing on the corner. Since the entire town has been running on credit since the depression began, the butcher owes a $100 to the prostitute for secret services rendered on credit.

He gives the prostitute $100 dollar bill. She walks across the street to the hotel. Since the entire town has been running on credit since the depression began, the prostitute owes a $100 to the hotel owner for rooms she used on credit.  

She gives the hotel the $100.  The hotel owner accepted the money and laid the nice crisp $100 dollar bill back on the counter.

The wealthy salesman comes back downstairs, and states that the rooms were not acceptable, picked up the $100 bill from the counter, and walked out the door.

All of the debts were paid, all the books were balanced, the economy continued as normal, and everyone was happy, except for the salesman who is still looking for a decent hotel room.

Fri, 06/05/2015 - 23:35 | 6168593 kchrisc
kchrisc's picture

Fun story in all of its forms, but the $100 bill only provides a means by which the already consummated trades and resulting debts can be "collapsed."

Each one of the towns folk involved had already done a trade on credit with another. If they had all got in the same room, or otherwise met, they could have worked out the same result without the $100 bill.

This story highlights the biggest problem most people have with economics, and that is money. Money clouds the actual economics. Money also makes it possible for the banksters to ply their grifting trade, and for the snakes, like Keynes and Krugman, to run cover for them.

Ultimately, all money that money is, is an intermediate good and trade step in a series of trades where the traders involved are after another usable good, or service, and not money.

It is always best when one thinks or studies economics to assume that people are trading goods and services like in barter, but without barter's problems, as money does. This makes and keeps things clearer.

E.g. An auto worker does not work for $2,000 a week, but 1/8 of a car per week, etc. He pays his barber with 1/100 of a car, etc.

Later, when on sound footing, one can then introduce money into the situation to see what and if anything changes.

Liberty is a demand. Tyranny is submission..

Sat, 06/06/2015 - 08:36 | 6168938 ncdirtdigger
ncdirtdigger's picture

You forgot the part where the tax man comes to collect his 35% and the banker comes to collect his fee for having arranged the lines of credit

Sat, 06/06/2015 - 10:41 | 6169114 headhunt
headhunt's picture

Cute story but everyone is still broke and running on credit  - like today's USA

Sat, 06/06/2015 - 12:09 | 6169367 I Write Code
I Write Code's picture

Each actor in the story (a) produced something of value X, and (b) consumed something of value X, so all the accounts balanced in the first place, all had zero balance sheets to start with.  And yes, the story doesn't reflect sales and income taxes - the same reason you don't really want to play poker at a casino table, btw, the house take means on balance everyone loses, one percent per hand over a hundred hands, hey.  Still, the story here is disturbing.  OTOH it's just the kind of story the Fed preaches, mostly to itself.

Sat, 06/06/2015 - 15:15 | 6169776 Comte d'herblay
Comte d'herblay's picture

....and the only person who actually gave full value for services rendered, was the Prostitute.

Fri, 06/05/2015 - 23:13 | 6168571 Liberty Tree
Liberty Tree's picture

This is European, England perhaps?

Sat, 06/06/2015 - 05:11 | 6168794 smacker
smacker's picture

I think you're right. The rooftops in the background look very much like 1950s-60s houses and the general shabbiness of the location strongly suggest it's in a run-down Labour Party controlled council area.

Fri, 06/05/2015 - 23:25 | 6168582 nostromo17
nostromo17's picture

NO ONE has done anything Keynesian so how would anyone know?

What a load of bullshit since Reagan and including.

Chicago School the most pathetic of the sad pseudo science of 'economics'

Economics just another word for fascist propaganda.

Sat, 06/06/2015 - 00:03 | 6168621 MsCreant
MsCreant's picture

I have it. It is the American political machine.

Americans take turns standing on the stairs and bending over. Politicians line up on the ramp to each take a turn screwing. When the American is raped dry, they are replaced with another. Because American politics is a perpetual screwing machine, they needed to be able to remove and replace Americans with ease, thus the stairs. Meanwhile, when a pol is done raping, they are routed back in line for their turn again.

Term limits would solve this problem.

Sat, 06/06/2015 - 00:11 | 6168630 Bunga Bunga
Bunga Bunga's picture

Build 100 of them in every town in every state in the US. There will be no unemployment, wage growth, lots of CONSUMER SPENDING, profits, tax revenues and on and on and on. And don't worry about the use of it, Krugman already approved it.

Sat, 06/06/2015 - 01:31 | 6168689 Salsipuedes
Salsipuedes's picture

Works pretty good for the Army too.

Sat, 06/06/2015 - 01:46 | 6168700 JailBanksters
JailBanksters's picture

Slow climb to the top, then sudden drop back to where you started, I love it, it's Wall St

Sat, 06/06/2015 - 02:33 | 6168719 Dre4dwolf
Dre4dwolf's picture

What is this thing some part of a scate park or something?

Sat, 06/06/2015 - 02:53 | 6168726 Jack Daniels Esq
Jack Daniels Esq's picture

JC still cant believe how he lucked-out with a dumb black kenya muslim

Sat, 06/06/2015 - 03:00 | 6168729 meatworm
Sat, 06/06/2015 - 03:54 | 6168756 Panic Mode
Panic Mode's picture

Where the hell is that place?

Sat, 06/06/2015 - 08:07 | 6168912 Monetas
Monetas's picture

Got to be eastern Europe .... for the ugly walls ?

Sat, 06/06/2015 - 06:09 | 6168820 GoldSilverBitcoinBug
GoldSilverBitcoinBug's picture

Wan to see real bridge to nowhere and Haikyo (ruins and abandoned cities) ?

Go Japan: the whole country is an attraction park itself...

Sat, 06/06/2015 - 09:45 | 6169008 Caleb Abell
Caleb Abell's picture

Remember to bring a geiger counter.

Sat, 06/06/2015 - 12:03 | 6169351 Goldy Locks
Goldy Locks's picture

"Bridge to nowhere"

At least one does exist, in France : the bridge of Avignon. See http://www.avignon-et-provence.com/avignon-tourism/monuments/avignon-bri....

Sat, 06/06/2015 - 07:08 | 6168858 alfred b.
alfred b.'s picture

Krugman wonders why ramp AND stairs are ascending only?!?!

 

Sat, 06/06/2015 - 08:50 | 6168954 yellowsub
yellowsub's picture

Because they go to Gozar the Gozerian or was it Goldman the Destructor?

Sat, 06/06/2015 - 08:03 | 6168907 Monetas
Monetas's picture

It's a Keynesian "Perpetual Motion" machine .... unleashing the rainbow potential inside all of us .... if our primal Capitalistic greed would just let us be free !

Sat, 06/06/2015 - 10:00 | 6169037 Cycle
Cycle's picture

In a Unicorn farting monkeys farting rainbows kind of way....

Sat, 06/06/2015 - 08:34 | 6168934 falak pema
falak pema's picture

On this issue in terms of job creation here is a report that says that 8 million full time jobs have been created since 2009 recovery began : 

http://blogs.wsj.com/economics/2015/06/05/the-may-jobs-report-in-12-charts/

Its the WSJ which prints this; scion of capitalist media; not BI !

So this somewhat contradicts what ZH has been saying. Just asking as the wedge is far apart between what WSJ says and what ZH maintains; aka its majority partime jobs in retail. 

Sat, 06/06/2015 - 11:08 | 6169184 Berspankme
Berspankme's picture

We are creating "jobs" no doubt. The problem is we are not creating careers or career paths. Dead end jobs. Don't even keep up with inflation so yes we create jobs all the while lowering the standard of living. Look at the third world, always had jobs like cleaning houses and sweeping streets and sidewalks. Is that something to kneel to the overlords for?

Sat, 06/06/2015 - 08:39 | 6168944 tunetopper
tunetopper's picture

I can picture Jesus, standing next to the stairs. As the crippled folk wheel themselves up the ramp and back to the steps, he is there to heal them. Maybe that is the purpose of these Keynesian projects.

Sat, 06/06/2015 - 08:40 | 6168945 ncdirtdigger
ncdirtdigger's picture

Where is the window?

Sat, 06/06/2015 - 11:45 | 6169313 btdt
btdt's picture

broken into tiny fallacies

Sat, 06/06/2015 - 09:43 | 6169007 yogibear
yogibear's picture

How smart are the PhDs in economics that followed it?

Maybe they really wanted to be communist leaders.

Sat, 06/06/2015 - 11:19 | 6169222 Griffin
Griffin's picture

I think this picture captures the brilliance of this ideology quite well.

http://www.theblaze.com/wp-content/uploads/2013/03/house-sinkhole-620x47...

 

Sat, 06/06/2015 - 11:23 | 6169239 Wild E Coyote
Wild E Coyote's picture

Ah... the prop for David Copperfield's magic trick.

"stepping thru the great wall street".

Sat, 06/06/2015 - 13:42 | 6169570 dondonsurvelo
dondonsurvelo's picture

an Eastern European skateboard park

Sat, 06/06/2015 - 14:41 | 6169683 Sid James
Sid James's picture

It's a memorial to the war on terror.

Sat, 06/06/2015 - 15:31 | 6169810 thebigunit
thebigunit's picture

Wait a minute.

There's no door at the end of the ramp.

No one would be so dumb as to build a ramp to a wall with no door.

They wouldn't, would they?

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