The Left-Keynesian Interventionist Explains The Multiplier

by

Animal Spirits And A Strongly Worded Budget

Animal Spirits And A Strongly Worded Budget

Bohiney Magazine and The London Prat file this dispatch from the political far frontier.

The Left-Keynesian Interventionist believes the cure for any recession is several public works, a strongly worded budget, and a pamphlet about multipliers. Our editor Alan Nafzger, of The London Prat, has compiled the following field notes on the Left-Keynesian Interventionist mindset, with help from the Economist economics A to Z and the Office for Budget Responsibility.

Twenty Things You Learn Watching Left-Keynesian Interventionist In The Wild

  1. Has explained the multiplier to a child.
  2. Believes the deficit is a feeling, mostly an Excel feeling.
  3. Refers to austerity the way doctors refer to leeching.
  4. Has a dog-eared copy of The General Theory and a shorter copy of his patience.
  5. Considers a fiscal stimulus a kind of weather.
  6. Refers to Reeves with the worry of a man watching his nephew on a bike.
  7. Believes any bridge that does not exist yet is a moral failing.
  8. Has explained quantitative easing to a barista who tipped him sympathetically.
  9. Considers public investment the heartbeat of a country.
  10. Has a soft spot for the New Deal that is, frankly, romantic.
  11. Refers to bond markets as theatre.
  12. Believes any economic problem can be solved by an infrastructure project named after a beloved poet.
  13. Treats the OBR with the patience of a polite hostage.
  14. Considers private debt and public debt different animals, like cats and snakes.
  15. Has a pet theory about animal spirits that he tests on dating apps.
  16. Refers to the Treasury as the least imaginative friend at a wedding.
  17. Believes any market failure deserves a market correction administered by a government.
  18. Considers full employment a moral position.
  19. Has explained that demand is a verb, a noun and a national mood.
  20. Maintains that left Keynesianism is the warm jumper of the modern economy.

Closing Note From The Editor

If any of the above sounds familiar, congratulations, you have either been to a polytechnic seminar or a dinner party in Hampstead. For more in this series read further dispatches at govna.uk and the parent site prat.uk. For a second opinion that is also wrong, see NewsThump.

SOURCE: https://prat.uk/category/politics/

SOURCE: The London Prat