Cogent, Witty, and British...
Rob Long ·
Nov 24, 2010 at 2:33pm
....but don't let that dissuade you. This short video is about the UK public sector, but it could just as well be about the US. If you're surrounded by lefty relatives this Thanksgiving, save your breath. Just click on this:
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Comments :
Jul '10
Re: Cogent, Witty, and British...
Very clear and succinct. The restaurant example is priceless in execution. When we remember that the bureaucrat often resents the restauranteur for not only charging for the meal, but expecting a profit, it is all the more delicious.
Jul '10
Re: Cogent, Witty, and British...
I second Sisyphus. The restaurant.... priceless.
Nov '10
Re: Cogent, Witty, and British...
What do you mean, we have to actually manufacture something? Why that's downright nonsense! Making something is bad! It pollutes the economy and keeps children enslaved to the robber baron. Down with industrialization, up with the hipster doofus.
Jun '10
Re: Cogent, Witty, and British...
The analogy used to explain the short comings of Keynesian economics has always been that of taking a pail of water from the shallow end of the pool and dumping it into the deep end. What should be added to this example is that the government takes water from the shallow end of the pool, slops most of it on the pool deck, and then pours what remains in the pail back into the deep end of the pool. There is no way this sort of useless gesture can work to stimulate anything, with the possible exception of voter anger.
Aug '10
Re: Cogent, Witty, and British...
cogent , witty , and devastating those chaps are spot on
Jul '10
Re: Cogent, Witty, and British...
Might we send this clip -- and somehow highlight the restaurant portion -- to Mrs. Pelosi, given her comment that unemployment benefits are a net gain to the economy? (Was that $1.70 for every $1.00 in her fantasy world?)
May '10
Re: Cogent, Witty, and British...
I am reasonably certain that this is completely over the head of former Enron advisor and Nobel laureate Paul Krugman.
Re: Cogent, Witty, and British...
I'm surprised that they didn't mention that Roger the Restaranteur now also has to pay additional income tax on that £50, so in addition to the cost of the meal, he‘s out yet more money from his original fifty quid.
Really fun. Thanks, Rob!
May '10
Re: Cogent, Witty, and British...
Frank, I love what you've done with your hair.
Jun '10
Re: Cogent, Witty, and British...
Gee, economics works the same in Great Britain as it does here in the U.S.? I guess it's kinda like sex, no matter where you are in the world, it works pretty much the same way. Who would have thunk it?
Sep '10
Re: Cogent, Witty, and British...
Not only is it so simple and so obvious that anyone with two wits to rub together can understand it but also for that same reason we cannot help but question the motives of those who do not see it. The most charitable interpretation of their motives is that they are wrapped up in the alembics of abstraction, which happens to be a wonderful phrase from, of all people, Lewis Lapham...who was not as liberal before Macarthur bailed his mag out.