Lynne Kiesling
For your holiday enjoyment, from John Papola and EconStories, Deck the Halls with Macro Follies!
[youtube=http://www.youtube.com/watch?v=7uKnd6IEiO0]
John’s wry video does a great job of laying out the macroeconomic debate over the drivers of economic well-being — is Malthusian/Keynesian aggregate demand stimulus to overcome a general glut effective, or is saving to invest in capital and innovation to increase productivity the path to prosperity? I’m also amazed and impressed with John’s ability to derive rhyming Christmas carol lyrics from classic economics texts!