Funny summaries

By Lorenzo

Came across this comment which made me laugh lots:


Actually there is a cogent neo-Austrian case for fiscal stimulus, not that any self-described Austrian actually espouses it. As a result of the central bank keeping interest rates artificially low, the private sector, being made up of idiots, indulges in massive malinvestment in useless capital of excessive roundaboutness and whatnot. Things end badly, cash is hoarded, and people are thrown out of work. The dumb private sector, faced now with appropriate interest rates, is for some reason unable or unwilling to make the right kind of investment with the right amount of roundaboutness. Monetary stimulus would only reignite foolish malinvestment and make things worse. So why not fiscal stimulus? Let’s appoint a council of wisest Austrian economists and let them direct government investment! (Links added in.)

As did the quote from Stephen King. Anyone have some good funny summaries?

This is also the Saturday chit-chat post.

To which I will add, entirely gratuitously.




  1. kvd
    Posted July 27, 2013 at 3:39 pm | Permalink

    Nothing funny at the mo’. Life is mainly just cock and bull.

  2. kvd
    Posted July 28, 2013 at 8:39 am | Permalink

    Off topic (what was the topic?) but I’ve been reading about Dr Claude Elwood Shannon, one the best and brightest minds. I’ll leave you with his ‘Ultimate Machine’ which in this YouTube vid is disarmingly simple, but really quite fascinating when you think about the concept. Or as Arthur C. Clarke apparently said: There is something unspeakably sinister about a machine that does nothing — absolutely nothing — except switch itself off.

    There are other videos, variations on the theme, but I like this simple 7 second one best.

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