Hotest new action figures! Kronies! Get ‘em now! You too can pretend to be a Krony Kapitalist!

From the promo:

Heads they win. Tails you lose.

Forget the rule book, they make the rules

Wannn’a compete. No! You’ll be rejected.

Get the Kronies! They’re Konnected!

 

 

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2 cows illustrate economic systems

An update of the old story:

Capitalism

You have two cows. You sell one and buy a bull.

You have lots of cows.

Socialism

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An old joke shows the value of religious freedom

There is an old joke poking fun at denominationalism. That’s the idea that my denomination is right and since you and I have some subtle doctrinal differences, you are completely wrong.

Here it goes…

A guy was walking along on a hill near the edge of a cliff enjoying scenery that can’t help but make you think of God.  He slipped over the edge. As he was holding on for dear life he screamed for help.

Another guy heard the screams and ran to assist. After huffing and puffing and pulling, the rescuer pulled the helpless fellow back to safety.

Thanks be to God for your help,” said the rescued.

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Another explanation of Quantitative Easing and other performance enhancing drugs

(cross-post from my other blog, Outrun Change.)

Here’s the on-air confessional interview as it should have happened. Or perhaps it is an animated educational cartoon. You can decide for yourself:

Bernanke to Oprah:  ‘I’ve Been Doping for Years’.

This cartoon gives a superb explanation in 12 minutes of a major factor about how we got into our current economic mess.

The format is an imaginary interview with the chairman of the Federal Reserve Bank, Ben Bernanke, as he confesses to long-term doping of the economy.

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Quantitative Easing and other performance enhancing drugs

(Cross-post from my other blog, Outrun Change.)

There was a big on-air confessional a while back. Something about bicycles.  Here’s another interview that got overshadowed by that big one. Or perhaps it is an educational cartoon. I’m not sure.

Bernanke to Oprah:  ‘I’ve Been Doping for Years’.

This cartoon gives a superb explanation in 12 minutes of a major factor about how we got into our current economic mess.

The format is an imaginary interview with the chairman of the Federal Reserve Bank, Ben Bernanke, as he confesses to long-term doping of the economy.

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“Deck the Halls with Macro Follies” – Economists sing your favorite holiday carols

(cross-post from my other blog, Nonprofit Update.)

Remember the rapping economists we saw here and here?  They’re back!

Just in time for Christmas, EconStories imagines their fantasy Christmas album featuring the classic hits from Keynes, Hayek, and other renown singers you know and love.

Enjoy the greatest collection of economic hits ever aggregated.

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Prices have information – they drive buyers and sellers

I can’t explain all the economics lessons in the following joke, but can tell there are many.  Funny thing about prices is that they motivate buyers and sellers.  Prices contain a lot of information.  We need to interpret them well.  Here’s an insight on pricing and human behavior:

today’sFUNNY===========================

A woman walks into a butcher shop and asks the butcher how much a pound of tenderloin is.

“$12 per pound,” replies the butcher.

“Are you sure? That can’t be,” says the lady.

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