Now hear Friedrich Hayek sing a song of savings....
December 5, 2012 8:33 AM Subscribe
Deck the Halls with Macro Follies: EconStories.tv is at it again, with their signature brand of musical Austrian economics lessons poking fun at Keynesian stimulus. Sings Thomas Malthus: ♫Silent Night♫ No shoppers in sight... ♫ The general glut has caused our plight ♫ Spend your money to clear our shelves! ♫ In consumption we'll save ourselves! ♫ Underconsumption is born—I view your savings with scorn...♫ (previously, previouslier) Still no NGDP-level targeting songs, sadly.
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