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.)

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

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