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Friday Humor: Keynesianism For Kretins

Tyler Durden's picture


Because a broken picture is worth a thousand Econ PhD essays

(h/t Simon Black at Sovereign Man Blog)

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Fri, 07/20/2012 - 16:49 | 2637709 JeremyWS
JeremyWS's picture


Fri, 07/20/2012 - 16:57 | 2637726 Precious
Precious's picture

Keynes - Paedophile and fraudster extraordinaire.

Fri, 07/20/2012 - 17:06 | 2637759 battle axe
battle axe's picture

And if you break the glass and sweep it up, the government will send you a check.

Fri, 07/20/2012 - 17:11 | 2637771 Pladizow
Pladizow's picture

A more appropriate picture would show thousands of tiny spoons n brooms, so that more could be employed.

The broken window fallacy: http://www.youtube.com/watch?v=gG3AKoL0vEs

Fri, 07/20/2012 - 18:28 | 2637892 Manthong
Manthong's picture

But this solution is way less destructive than anything Obama has implemented.

Fri, 07/20/2012 - 18:45 | 2637929 strannick
strannick's picture

And if you cut yourself cleaning up the glass, you can get Workers Compensation

Fri, 07/20/2012 - 19:37 | 2638005 nmewn
nmewn's picture

And then disability.

"They" built that!!!

Fri, 07/20/2012 - 23:41 | 2638324 AldousHuxley
AldousHuxley's picture

In today's America, Chinese made sweeper from Walmart will fall apart when you try to use it, so you have to drive to a box store in a 15mpg SUV, park your car in the handicap spot because you are morbidly obese and that makes you "disabled"

then proceed to spend 15minutes searching and finally checking out another sweeper, then you stop by home depot parking lot to hire illegal immigrant to sweep up broken glass so that you can watch some NBC bullshit drama about some olympic athlete's family history with annoying commentary about how Trampoline somehow became an Olympic sport.

And then you lecture your illegal immigrant sweeper guy about stuff you read on zero hedge, and if he nods you give him extra dollar and you put a picture of the new sweeper on facebook so that every bored housewife in the world can read about it.

Sat, 07/21/2012 - 08:21 | 2638582 General Decline
General Decline's picture

15 mpg in an SUV???  That's awesome!

Fri, 07/20/2012 - 19:47 | 2638025 Sockeye
Sockeye's picture


Fri, 07/20/2012 - 21:54 | 2638217 A Nanny Moose
A Nanny Moose's picture

This also employs bandaid makers, doctors and nurses.

Fri, 07/20/2012 - 17:07 | 2637763 SheepRevolution
SheepRevolution's picture

0% unemployment, here we come!

Fri, 07/20/2012 - 21:14 | 2638169 strannick
strannick's picture

In the USSR everyone had a job! They would say 'we pretend to work, and they pretend to pay us'.

Sat, 07/21/2012 - 18:29 | 2639353 Totentänzerlied
Totentänzerlied's picture

Humor appreciated, but the homeless/jobless underground society of the USSR in its later years is a fascinating subject.

Sat, 07/21/2012 - 00:26 | 2638360 Socialized Losses
Socialized Losses's picture

You can't be unemployed.  We stopped counting you months ago.



Sat, 07/21/2012 - 05:28 | 2638505 AldousHuxley
AldousHuxley's picture

or you can be like germay and don't count those who are receiving state money for retraining.


or you can be like the military and make it "honorable" to be unemployed......when you get laid off from the military they call it "honorably discharged" which means they are done kiling for now, so you got laid off.


but hungry people don't stay unemployed.....

so do smart young kids with phD in neuroscience become unemployed in Colorado......

Sat, 07/21/2012 - 07:56 | 2638572 Race Car Driver
Race Car Driver's picture

You make aome valid points, but I had to junk ya. The shit in CO was a psyop - it wasn't real (in the sense that a single unemployed 24yo put that whole show together by himself). 

Fri, 07/20/2012 - 19:28 | 2637985 TWSceptic
TWSceptic's picture

Interesting, but Conservapedia is a very subjective neocon site with a lot of misinformation. If you are a fiscally conservative libertarian, stay far away (or at least be very skeptical).

Sat, 07/21/2012 - 11:15 | 2638760 dark pools of soros
dark pools of soros's picture

here's more, and the comments are even more interesting



Sat, 07/21/2012 - 10:28 | 2638659 hivekiller
hivekiller's picture

Old President BO is a queer as well. His family is just a front to make him acceptable. He and the Israeli terrorist/mayor of Chicago Rahm Israel Emanuel were both members of a gay bathhouse in Chicago. He's a fitting follower to George Bush Jr. who also likes getting it up the ass and who only married for the sake of convention.

Sat, 07/21/2012 - 11:17 | 2638767 dark pools of soros
dark pools of soros's picture

they do like putting people that are subject to being controlled into places of power - what better than pure bottoms that have a need to be lead and who avoid direct responsibility

Sat, 07/21/2012 - 05:03 | 2638497 Anne Ominous
Anne Ominous's picture

A sweeping generalisation of more pane to come...

Fri, 07/20/2012 - 16:49 | 2637711 FOC 1183
FOC 1183's picture

then stick broken glass up Krugman's ass

Fri, 07/20/2012 - 17:08 | 2637765 SheepRevolution
SheepRevolution's picture

So Krugman CAN create shovel-ready jobs after all!

Sat, 07/21/2012 - 11:18 | 2638768 dark pools of soros
dark pools of soros's picture

who shoveled that rag onto his head?

Sat, 07/21/2012 - 00:04 | 2638343 Itch
Itch's picture

What does it say in the Austrian box? ..."In case of hunger, break glass and eat gold".

Sat, 07/21/2012 - 05:07 | 2638499 Steve in Greensboro
Steve in Greensboro's picture

In the Austrian box, it says "in case of recession, leave the free market alone and stop inflating the currency."

The current recession was initiated by money-printing by the Fed which created the real estate and equity bubbles that burst in 2007-2008. The Great Depression was also the result of the then newly created Fed printing money.

And like the Great Depression, the current recession has been greatly aggravated and prolonged by the subsequent leftist meddling of the Executive branch.  (Read Profs. Lee Ohanian and Harold Cole WSJ piece dated 9/26/11 "Stimulus and the Depression on how FDR prolonged the Depression.)

Depressions are caused by Government (the Fed) and prolonged by Government meddling in the private sector.

Sat, 07/21/2012 - 06:57 | 2638552 Itch
Itch's picture

Right you are my son - hit them in the antenna, they're useless without it.

Fri, 07/20/2012 - 16:50 | 2637713 EvlTheCat
EvlTheCat's picture

Shovel ready jobs..

Fri, 07/20/2012 - 17:17 | 2637781 Overfed
Overfed's picture

Like digging mass graves?

Fri, 07/20/2012 - 17:56 | 2637850 Tsunami Wave
Tsunami Wave's picture

Don't forget to order another piece of glass after breaking it so you can keep aggregate demand for breakable glass up! Also, remember to break & order often!

Fri, 07/20/2012 - 18:35 | 2637915 nmewn
nmewn's picture

lol...you didn't make that glass!!!

Fri, 07/20/2012 - 19:38 | 2638006 PeterSchump
PeterSchump's picture

And if you bought it, someone helped you along the way to make it possible.

Fri, 07/20/2012 - 19:44 | 2638020 nmewn
nmewn's picture

Thats right, someone needed labor and was willing to pay me in the "coin of the realm" so I could buy it.

Its really a beautiful thing ;-)

Fri, 07/20/2012 - 21:03 | 2638154 krispkritter
krispkritter's picture

But if we told O'KrugNanke to all go 'pound sand' wouldn't we eventually have glass? Free glass for everyone!

Fri, 07/20/2012 - 21:40 | 2638203 nmewn
nmewn's picture


I think you've hit on it krispy...the hot air combined with the Keynesian apologist and the facilitator...The O'KrugNanke..."stained glass".

Right now I'm trying to calm down on something else...Brian Ross.

Time for Brian Ross to Find a New Job

Earlier this morning, ABC's Brian Ross reported that some guy named Jim Holmes who belonged to the Colorado Tea Party might be the same James Holmes who murdered a dozen people in a theater in Aurora last night. "Now, we don't know if this is the same Jim Holmes," Ross said "but it's Jim Holmes of Aurora, Colorado."

Needless to say, it turned out that this wasn't the guy. I don't normally call for people's heads for making a mistake, even a bad one, but this is really beyond the pale. What kind of reporter says something like this on national TV despite knowing full well that he has no idea if he's pegging the right person? Is there really any good reason Ross should still be employed by ABC News by the close of business today?"


I don't care if George Stephanapolos or some other "producer" put this bullshit in his ear...he said it...we waited all morning for this type of crap, the first idiot to say another lie...he did.

Apologies and promises to "do better" for the MSM don't cut it anymore. He should be fired and anyone who gave him that ridiculous unvetted info should be fired along with him and take their place in the unemployment line and when it runs out sign up for permanent disability.

It would be just like me saying this James Holmes attended a San Diego Occupy Movement wouldn't it?

Fri, 07/20/2012 - 22:20 | 2638238 krispkritter
krispkritter's picture

Yeah, just found that over at DC.  There is no excuse for the predominantly Left-wing MSM anymore and I like the fact that the 'New Media' has them bleating apologies almost as fast as they make the stuff up.  As you suggest, if they were really 'news' networks, they would fact-check and any talking head who spewed this type of crap would be handed walking papers and 'Next!'. But that's not how they do, or intend to, function anymore. 2008 was such a huge pile of propaganda/crap that I actually cut ties with neighbors and even family that piled on to the smear-fest. This wasn't an example of boisterous exuberance at the actual qualifications of a candidate, this was an all-out attack on not only candidates but their families, all the while the slogan of Hope and Change was chanted like a Mantra in grade schools. This is Jim Jones-like Kool-aid drinking at it's worst. Because not only are they affecting their own lives but poisoning the waters for another generation to follow. Don't know how this plays out but this election will BE paramount in deciding whether this country encounters a revolution or just kicks the can into another generation via a different name on the WH door.

Sat, 07/21/2012 - 04:00 | 2638473 Bartanist
Bartanist's picture

Brainwashing IS real. Some people are more susceptible than others. If you cannot be re-educated, then ...

Sat, 07/21/2012 - 08:07 | 2638576 nmewn
nmewn's picture

"...all the while the slogan of Hope and Change was chanted like a Mantra in grade schools. This is Jim Jones-like Kool-aid drinking at it's worst."

It is isn't it?...and Yes We Can...openly plagarized from a friggin cartoon character, Bob the Builder. We might as well hang up any thought of the average American becoming more informed listening to the MSM. I've run out of patience with anyone who does. 

The amount of knee jerk pandering to the "progressive" audience has reached epic proportions...of the twenty five "Jim Holmes" listed as living in that area the TP guy is the one remarked on?

We're surrounded by fucking idiots krispy, from top to bottom.

Sat, 07/21/2012 - 12:55 | 2638951 Morrotzo
Morrotzo's picture

Don't forget about the trash can, broom and broom pan manufacturers! Every so often break those things, too.



Fri, 07/20/2012 - 16:53 | 2637714 Precious
Precious's picture

In case of pubes, break glass and shave that fucking paedophile faggot John Maynard Keynes.  --- Look it up !

Fri, 07/20/2012 - 17:22 | 2637787 Racer
Racer's picture

"Barack Obama advocates the use of Keynesian economic concepts despite the fact that the pedophile John Maynard Keynes was incompetent and a fraud.[8]"

Hmmmm, the world is run by economics based on thinking coming from a psychopath.... says it all


Hilarious cartoon!!! ROFLMAO

Fri, 07/20/2012 - 17:45 | 2637828 WestVillageIdiot
WestVillageIdiot's picture

And the only economics being taught in colleges is Keynesian.  Our universities as centers of indoctrination and brainwashing are doing a marvellous job.  Don't even bring up any alternative to an econ PhD.  They will have no idea what to do, or say, so they will just throw a tantrum. 

Real estate agents, bank CEOs and economists are all in that same fucking worthless boat.

Fri, 07/20/2012 - 18:45 | 2637930 Precious
Precious's picture

Now you know why the community organizer in chief says everybody should have a college education.

Fri, 07/20/2012 - 21:54 | 2638218 HoofHearted
HoofHearted's picture

OK, so I have a PhD in math, but I do econometrics. We pretty much tell everyone what happened after some dumbshit convinced a lot og other numbnuts to try out his ideas on a real economy. Wemeasure stuff and say, "See how stupid that idea was. Next time try something different."

Anyway, I'm at this econ conference, and this guy gets up and he's going to talk about the economy of Hamstertopia or some other place I've never heard of and even have reason to doubt that it really exists. He starts with, "We assume a neoKeynesian model with parameters..." and some dumb ass in the back of the room asks, "Why would you assume that the economy follows some neoKeynesian model." Everyone in the room turns to look at me, er, I mean that dumb ass. The guy doesn't even dignify my, I mean that guy's question with a response.

I decided to spend the rest of the day wandering around Paris instead of listening to these idiots talk.

Sat, 07/21/2012 - 03:48 | 2638470 Zero Debt
Zero Debt's picture

There could be lots of interesting research to do in economics with a PhD in maths, but not in the neoclassical stream.

How about network analysis as a means to study crisis propagation (forward/backward-propagation analysis), flows of funds, dependencies, feedback cycles, dampeners and amplifiers. That would be some cool application of discrete maths.

I've also been thinking of psychological threshold analysis, e.g. at what income levels, wealth levels etc that people's behavior changes in a disruptive way (not just linearly). E.g., when your income goes below X, you start freaking out. To extract behavioral changes and dimensions as functions of economic parameters could provide insight into human action and the austrian school.

Also, all kinds of stuff related to shadow banking: societal effects, trends, quantitative and qualitative forecasts, and analysis of notionals of other types of derivatives written. Especially all those rates swaps being sold could become a real issue if rates rise in safe haven bond markets. Should do for some interesting study.

Fri, 07/20/2012 - 18:47 | 2637935 nmewn
nmewn's picture

"Our universities as centers of indoctrination and brainwashing are doing a marvellous job."

Hmmm, I'm wondering, if without "the governments" roads & bridges we would even have these centers of indoctrination?

I think I'm losing my mind ;-)

Fri, 07/20/2012 - 19:59 | 2638043 cbxer55
cbxer55's picture

We all lost our minds a long time ago. That's why we hang around this blasted web site. 

Now show me where one of them contraptions is so I can get busy breaking it.

Fri, 07/20/2012 - 20:27 | 2638096 nmewn
nmewn's picture

It'll take traveling the 800 billion dollar rebuilt government roads & bridges to get there...but its your next stop ahead, just around the corner...in the Twilight Zone ;-)

Fri, 07/20/2012 - 16:52 | 2637719 Ima anal sphincter
Ima anal sphincter's picture

Sounds like the typical governmental job. Much to do about nothing. Of course, I've got to pay for it.

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