Deck The Halls With Macro Follies!

In the Christmas spirit, this video gives a quick humorous look at the economic views (and fallacies) which have led to current U.S. policy. It is a fake advertisement for a Christmas CD with different economic songs, some advocating the Keynesian government intervention approach, and others pointing out the fallacies in that economic model. Also featured in the video are the views of free-market economists, such as Jean-Baptiste Say who sings to the tune of “Hark the Herald Angels Sing”, “Hark, I hear a fallacy, Demand can’t grow the economy. We produce, so we can buy, Demand’s enabled by supply. If our goal is more consumption, first we must increase production. Rising Productivity, is the path to prosperity. The Law of Markets tells us why, growth is driven by supply”. Merry Christmas and enjoy!

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