Essay: What the Hell Was I Thinking?

Keynes HeadI used to think I was onto something with the whole general theory of employment and what have you. Back then we didn’t even have GDP. We just figured things were more or less going well if we were not at war with Germany.

Nowadays economics is more complicated than the Hall of Mirrors at Versailles, where I got lost during the peace negotiations back in 1919 and missed the frankfurter roast. Honestly, and this is strictly What the hell was I thinking? between you and me, I have no idea what the hell I meant anymore. I mean, “animal spirits”? That sounds like an ad for Colt 45 malt liquor.

Another head shaker is sticky prices. I’m pretty sure killed off whatever remained of that hogwash. Speaking of Amazon. com, I’ve got beef with the going price of my The Economic Consequences of the Peace. You can download it for free! Restaurants are not going to accept “free” when I try to pay the lunch tab with it.

I feel like my point here is becoming as unclear as the current state of macroeconomics. That was a joke, by the way. Sorry if I killed it by over-explaining. It’s just that when you’ve been dead for sixty years like I have you start to lose your sense of comic timing. Why did the multilateral organization cross the road? To get to Bretton Woods. Yes! Old Man Keynes has still got it!

By the way, whatever happened to Bretton Woods? Did fixing exchange rates across Europe manage to bring about full employment and economic stability?

Wait a minute. I just caught the front page of the Financial Times. Sonofabitch. I’m going back to being dead. Bretton Woods could use the company.

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