Deck the halls with macro follies

[Chris]

http://www.youtube.com/watch?feature=player_embedded&v=7uKnd6IEiO0

Ho ho ho Merry Christmas!

[KC]

http://www.youtube.com/watch?feature=player_embedded&v=7uKnd6IEiO0

Ho ho ho Merry Christmas!

Love the Bernanke Santa.

[Chris]

If you enjoyed the video, in Hark, I Hear a Christmas Fallacy, you should enjoy this poem by Patrick Barrington. “I Want to be a Consumer” originally published in Punch two years prior to the publication of Keynes’s General Theory (issue April 25, 1934) and reprinted in Hazlitt’s The Failure of the “New Economics”, pp. 133-134

I Want to be a Consumer

“And what do you mean to be?”
The kind old Bishop said
As he took the boy on his ample knee
And patted his curly head.
“We should all of us choose a calling
To help Society’s plan;
Then what to you mean to be, my boy,
When you grow to be a man?”

“I want to be a Consumer,”
The bright-haired lad replied
As he gazed into the Bishop’s face
In innocence open-eyed.
“I’ve never had aims of a selfish sort,
For that, as I know, is wrong.
I want to be a Consumer, Sir,
And help the world along.”

“I want to be a Consumer
And work both night and day,
For that is the thing that’s needed most,
I’ve heard Economists say,
I won’t just be a Producer,
Like Bobby and James and John;
I want to be a Consumer, Sir,
And help the nation on.”

“But what do you want to be?”
The Bishop said again,
“For we all of us have to work,” said he,
“As must, I think, be plain.
Are you thinking of studying medicine
Or taking a Bar exam?”
“Why, no!” the bright-haired lad replied
As he helped himself to jam.

“I want to be a Consumer
And live in a useful way;
For that is the thing that is needed most,
I’ve heard Economists say.
There are too many people working
And too many things are made.
I want to be a Consumer, Sir,
And help to further trade.”

“I want to be a Consumer
And do my duty well;
For that is the thing that is needed most,
I’ve heard Economists tell.
I’ve made up my mind,” the lad was heard,
As he lit a cigar, to say;
“I want to be a Consumer, Sir,
And I want to begin today.”

@ I want to be a consumer (http://bastiat.mises.org/2012/12/i-want-to-be-a-consumer/)

[Mainecoons]

LOL! That was great, Chris.

Feliz Navidad!