A group of economists are walking to the faculty meeting, they see a 20 dollar bill lying on the sidewalk in the quad.
The efficient market economist says “there can’t be a 20 dollar bill there, otherwise it would have been picked up.”
The monetarist says “Don’t pick up that 20 dollar bill, if you do, that increases the velocity of money, which is inflationary.”
The Keynesian economist says “Don’t pick it up, someone who really needs it will.”
Go read the rest.
Me, I be pickin up the money. Screw economists. By the way, how come the price of gas and housing has more than doubled in the last few years, but economists say “inflation is under control?”