Video: Keynesian Theory from a Wanna-Be Sit-Down Comedian Columnist
Sept. 8, 2012
Here is a low-budget video. The guy is sitting on a stool in a large empty room. The ambiance is that of a bankrupt factory, which is pretty subtle, but it works.
He explains the free market. Then he explains Keynesianism. He's got Keynesianism down pat.
He goes after Obama, which is legitimate, because Obama is a Keynesian and is running for re-election by making economically silly speeches. But, ultimately, the problems Obama faces were left to him by Alan Greenspan, Ben Bernanke, and Bush. No President can do much to solve problems in the economy unless Congress and the Federal Reserve go along. But a President can make things a little worse. The $800 billion stimulus law of 2009 made things worse.
This shows what a low-budget video can do to explain complex concepts. I hope I can do as well.
Note: he is a crime novelist whose books have been turned into big-budget Hollywood movies.