tag:blogger.com,1999:blog-3758330678390419129.post7385445806595347213..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Keynesians vs. Austrians on The SimpsonsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-3758330678390419129.post-74406805217451462092013-01-16T19:37:53.439-05:002013-01-16T19:37:53.439-05:00it's clearly a wink at money printing vs. gold...it's clearly a wink at money printing vs. gold. even this softball was too subtle for the target audience, which makes it 1660 times more hilarious.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-39206519010179022382013-01-16T19:26:50.916-05:002013-01-16T19:26:50.916-05:00It's surprising how many people thought they g...It's surprising how many people thought they got the joke, but didn't get this referenceAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79489744897653797512013-01-15T10:23:05.279-05:002013-01-15T10:23:05.279-05:00Might it be a good sign as well that they were ref...Might it be a good sign as well that they were referred to not as Austrians but Austrian School? While Keynesians religiously follow a man, we are members of an educated group. (forgive me for equating schooling with education)Joshhttps://www.blogger.com/profile/00649381776584003799noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-8787156096745437422013-01-14T22:01:23.578-05:002013-01-14T22:01:23.578-05:00@ ANON 5:14
As a complete and total Simpsons geek...@ ANON 5:14<br /><br />As a complete and total Simpsons geek, you are correct. The Keynesian/Austrian "joke" wasn't so much a joke as just a couple of nerdy writers referring to something that the mainstream knows hardly anything about. It was just something they could use to associate "free market economics" with their typical and tired view of a "capitalist" gdark23noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-70082288960504870892013-01-14T21:28:05.061-05:002013-01-14T21:28:05.061-05:00Thanks, I do what I can. Thanks, I do what I can. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49061138519547660332013-01-14T18:55:23.284-05:002013-01-14T18:55:23.284-05:00I think the bigger issue is that the Keynesian vs ...I think the bigger issue is that the Keynesian vs Austrian split has become part of the national psyche. <br /><br />10-20 years ago, no one knew what an Austrian Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88670519944495397232013-01-14T18:46:05.968-05:002013-01-14T18:46:05.968-05:00John Swartzwelder, who wrote more Simpsons episode...John Swartzwelder, who wrote more Simpsons episodes than any other writer, is a big-time libertarian. Although he no longer writes for the show, many view his influence on the Simpsons as equal to or greater than Groening's. Swartzwelder's episodes are also generally regarded as the shows best, and contain no shortage of libertarian themes. RHNnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84937719367052030112013-01-14T18:36:16.135-05:002013-01-14T18:36:16.135-05:00I'm with you on this, Anon: in fact if anythin...I'm with you on this, Anon: in fact if anything, the fact that the Keynesians were climbing trees and the Austrians weren't, indicates that the Keynesians are more rational (hiding under a rock is a far less effective mechanism for avoiding the hounds).<br /><br />What ought to have happened is that the Austrians would have decided it was optimal to pool their resources and fight as a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-77016102611050795422013-01-14T17:14:36.050-05:002013-01-14T17:14:36.050-05:00I'm afraid that everyone is reading too much i...I'm afraid that everyone is reading too much into this. It is great that the Austrian school is referenced in the skit/joke, but I doubt that these writers know much about economic theory other than fundamentals and name. They know that OTHER people know the difference and they are playing to that. By the same token they associate "free market principles" with vicious attacking dogsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-81738128030516235102013-01-14T16:14:21.840-05:002013-01-14T16:14:21.840-05:00Brilliant! nicely analysedBrilliant! nicely analysedRuxtonnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60234643225204106612013-01-14T14:24:38.337-05:002013-01-14T14:24:38.337-05:00I understand Ruxton's analysis, and it may be ...I understand Ruxton's analysis, and it may be correct. But another may be that in such circumstances as shown (the random pinning of interest rates), that Austrians hiding under rocks means that they will have nothing to do with it. They don't want to be associated with it, but this leaves them easy prey to the dogs. This is analogous to the blaming of the free market (i.e. the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-28875179662244685882013-01-14T13:54:02.921-05:002013-01-14T13:54:02.921-05:00Groening has little if any influence on the show a...Groening has little if any influence on the show at this point.JFFnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84572853222635787272013-01-14T11:52:59.128-05:002013-01-14T11:52:59.128-05:00So I'm reading that Groening is a "libera...So I'm reading that Groening is a "liberal", and I'm going to assume probably not in the classical sense.<br /><br />So I'm thinking the odds that it's not a positive reference as we hoped/speculated...but looking at the glass half full it's still a reference on national TV.<br /><br />It means there's is progress being made, because if the Austrian viewpoint Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72791232152805709472013-01-14T11:17:10.030-05:002013-01-14T11:17:10.030-05:00Perhaps the Keynesians can see the trees for the f...Perhaps the Keynesians can see the trees for the forest. Austrians hiding under rocks seems to be the standard critique of Austrians burying their heads and doing nothing to solve the recession?Josiahnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-33476292112561317072013-01-14T10:51:51.485-05:002013-01-14T10:51:51.485-05:00I rpthink the joke is at the expense of both, as t...I rpthink the joke is at the expense of both, as they see the world differently, they don't understand each other.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57230019392506323472013-01-14T10:50:03.551-05:002013-01-14T10:50:03.551-05:00Tom Finnigan recently published an article about t...Tom Finnigan recently published an article about the libertarian writer on the simpsons at lew rockwellAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-22838063415762418692013-01-14T09:29:29.688-05:002013-01-14T09:29:29.688-05:00I agree with your speculation....which if you are ...I agree with your speculation....which if you are correct makes it very funny! <br /><br />It's important for us to have a sense of humor, but more importantly you have to wonder how many Simpsons watchers will now "google" Austrian economics. It's a great reference!<br /><br />I find the Simpsons watching crowd to be a saavy crowd for the most part.Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-7475175768709917022013-01-14T07:34:54.830-05:002013-01-14T07:34:54.830-05:00Someone want to explain the joke to me? It's m...Someone want to explain the joke to me? It's making fun of Austrians? What exactly is the analogy?Bharathttp://theinterventionistparadox.wordpress.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84863497598388854122013-01-14T06:59:06.796-05:002013-01-14T06:59:06.796-05:00https://vimeo.com/57364562
Video will be uploaded...https://vimeo.com/57364562<br /><br />Video will be uploaded in about 30 minutes, so 7:30 AM EST.<br /><br />Enjoy, sorry for the watermark, it'll do!!!<br /><br />Youtube took down my upload for copyright infringement! Figures!Harrison of The Seahttps://www.blogger.com/profile/09785813398758268945noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-780881594491019752013-01-14T05:52:08.010-05:002013-01-14T05:52:08.010-05:00Keynesians climb trees (print money) while Austria...Keynesians climb trees (print money) while Austrians hide under rocks (buy gold)?Ruxtonnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-92075270433163117682013-01-14T03:11:54.889-05:002013-01-14T03:11:54.889-05:00The scene starts at just before 3 minutes into the...The scene starts at just before 3 minutes into the episode.R. Hugh Goodnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30381889901444370052013-01-14T03:09:45.069-05:002013-01-14T03:09:45.069-05:00To watch the episode online, you can find links he...To watch the episode online, you can find links here:<br />http://www.tv-links.eu/tv-shows/The-Simpsons_610/season_24/episode_10/video-results/R. Hugh Goodnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-6579404842705415532013-01-14T01:54:59.730-05:002013-01-14T01:54:59.730-05:00Here's a thread on Mises forums:
http://mises....Here's a thread on Mises forums:<br />http://mises.org/community/forums/p/32867/511965.aspx#511965<br /><br />Mr. Burns: I've assembled a team of distinguished economists...and placed plausible rate hike percentages on their backs. We'll use unfettered free market principles to arrive at a number.<br /><br />----There is a picture of several people with "11%, 17%, 22%, 15%"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-92183537569399277702013-01-14T01:48:46.844-05:002013-01-14T01:48:46.844-05:00http://mises.org/community/forums/t/32867.aspxhttp://mises.org/community/forums/t/32867.aspxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-61109781461343172932013-01-14T01:44:57.220-05:002013-01-14T01:44:57.220-05:00Mr. Burns was determining the percent increase in ...Mr. Burns was determining the percent increase in electricity rates by "letting the free market work" He attached different percentages to the backs of economists and released the hounds after them. They noted how the Keynesian economists climbed trees while the austrian economists hid under rocks.Anonymousnoreply@blogger.com