Wednesday, June 29, 2011

Keynesian economics from an 8-year old's perspective

There is some utility work of some kind going on in our neighborhood. Every few days the road would be closed and we’d have to take a detour. It’s not clear from driving by what they’re doing or who the “they” are. “They” have been at it for about a month.

“What are they doing anyway?” K2 asked?
I jokingly replied, “It looks like they’re just digging holes and then filling them back up again”. (Actually metal plates over the holes.)

“Well, that doesn’t seem very useful”, K2 responded.

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