Waching daily Jun 18 2017

[ECON GOD ADAM SMITH] Ladies and gentlemen, you coulda been anywhere

in the world tonight, but you're here with us in New York City.

Are you ready for a policy meeting, huh???

The issue on the table: John Keynes' plan to assume national debt

and stimulate aggregate demand.

Friedrich Hayek, you have the floor, sir.

[HAYEK] Freedom of the market without government control

Coordinates your actions, so the 'conomy can grow

These are wise theories, classicals quote 'em

Don't act surprised, you guys, cuz I wrote 'em

Ooow, but John Keynes forgets His plan to boost demand assumes national

debts Now, take a guess, if his stimulus crashes

Keynes will run away as our economy collapses

[KEYNES] Not true!

[HAYEK] Ooh, if the shoe fits, wear it

You put the government in debt, then force businesses to bear it?

Uh!

Check again, my friend If you crowd them out, businesses tend not

to spend

Supply side, we build jobs with tax breaks We create.

You give politicians money like hotcakes Your financial plan relies too much on demand

And it's too many damn pages for any man to understand

Stand with me in the land of the free And keep our money 'way from Keynesian inadequacy

Look, if we run your theory, we just create more inflation

And no one gon' approve of economic castration

[ADAM SMITH] Thank you, Mr. Hayek

Mr. Keynes, your response

[KEYNES] Hayek.

That was a real nice declaration Welcome to the present, people study my equations

Would you like to join us, or keep waiting For the nation to recover while our currency's

deflating

If we assume the debts, the 'conomy gets An new line of credit, a financial diuretic

- How do you not get it?

If we keep spending imperative The nation gets a boost.

You'd rather give it a sedative?

I've got a headline for the papers: "Hey neighbor.

You're unemployed 'cause he can't pay for labor."

"We build jobs with our plans.

We create."

Yeah, keep ranting.

Your theory's about as broke as the banking

And another thing, Mr. Scottish Enlightenment Don't lecture me about the crash, your theory

heightened it You wanna save all our cash?

That money's stuck in the banks If we don't spend then our economy tanks

Mister Freddie H., an impediment to the government Decadent—you get in the way of Keynesian

betterment Classicals, you waste all our money to coddle

businessmen Wait for the long run?

We'll already be dead by then

*music off* Sittin' there useless as two shits

Hey, turn around, bend over, I'll show you where my shoe fits

[ADAM SMITH] Excuse me!?

Hayek, take a walk!

Keynes, take a walk!

We'll reconvene after the Depression.

This meeting is adjourned!