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Keynesianism in One Photo

February 3, 2017, 8:13 am

Via Don Boudreaux

Category: Economics

17 Comments

  1. Peabody:

    The real key is the smart politicians knowing the right time to plug in and then subsequently unplug and then it will work perfectly.

    February 3, 2017, 8:19 am

  2. Ike Evans:

    Oh I see. It's the same argument socialists use. THIS time we'll get it right because THIS time we're sufficiently righteous.

    I totally sold. May I give you my money?

    February 3, 2017, 8:30 am

  3. Nehemiah:

    This only works if it is a power backup/surge protector strip. Plug the battery backup unit into the battery backup unit to recharge it. Should work indefinitely.

    February 3, 2017, 8:59 am

  4. Peabody:

    Not sure if you could tell I was joking... I will accept your money though.

    February 3, 2017, 1:40 pm

  5. Ike Evans:

    Sarcasm is poorly communicated via the internet, but yes, I suspected you were joking.

    February 3, 2017, 1:48 pm

  6. Matthew Slyfield:

    If electricity worked the way Keynesians think the economy works, doing that would turn your power strip into a bomb.

    February 3, 2017, 2:03 pm

  7. Peter Gallagher:

    You know, Warren, this coud be 'Say's Law', too.

    February 3, 2017, 2:13 pm

  8. joe - the economist:

    Krugman says you are wrong

    February 3, 2017, 4:30 pm

  9. J_W_W:

    Nice. In other news we'll also soon have evidence of the broken window fallacy in Berkeley.

    February 3, 2017, 7:54 pm

  10. J_W_W:

    What are the chances of Krugman ever being right again? The first pass answer is never.

    February 3, 2017, 7:55 pm

  12. JTW:

    uh no, part of the electricity drained from the battery to feed the battery is lost to heat.

    February 4, 2017, 3:21 pm

  13. Rick Caird:

    That sounds suspiciously like the Krugman analysis of the stock market......

    February 4, 2017, 9:28 pm

  14. Fromhere:

    Too many people want free stuff, so the idea of a "socialist utopia" will never go away. Snowflakes want to be paid to play with play doh and color all day and demand that someone else pay.

    February 5, 2017, 3:29 am

  15. Nehemiah:

    As Ike said above, Sarcasm is poorly communicated via the internet.

    February 5, 2017, 5:59 am

  16. Tim Broberg:

    I believe the circuit is missing a delay element, which is what is supposed to induce a phase shift, leveling the output.

    The point that there is no amplifier in the circuit is well taken.

    February 6, 2017, 12:41 pm