Thursday, October 24, 2013

Paul Krugman Economics on Gilligan's Island


  1. Speaking of beards to fear ..............

  2. "...and by the way, Gilligan, since I am the only economist on the island, I have set up the island's financial system. I managed to salvage a sawbuck from the mainland and I have established an exchange rate for what I believe we should have. I used the Mahltbeer Multiplier Theorem to cross exchange the currency units I made between several corporations I also established.
    "I'm worth about 5 Trillion right now and since you have nothing, why don't you be a good boy and bring me my slippers..."

  3. A really committed neo-Keynesian would set his own house on fire to demonstrate his willingness to jump-start the local economy. Come on, Krug-meister! Get the matches.

    1. I wonder if he would press charges if a group of Austrian economists went to his house and started breaking his windows.