I just heard this on CNBC, and it made be pause to think: Is Keynesian Economics really that simple?
If you are having a Pizza Party and twice as many hungry people show up, than you were expecting,
-- the solution isn't to cut the slices in half -- the solution is to Order More Pizza.
In other words,
Grow the Pie(s).
Spend your money. Invest in Pizza Receipts.
Produce enough, so that all who are hungry -- will get plenty to eat.
Isn't that how Economies are suppose to work? Where needs (demands) get met by what the market will supply?
What kind of party is it anyways, if you end up with only half a slice?
Or even worse yet, No Slice at all?
Interesting simple Metaphor for Keynesian Demand-side economics, eh?
Besides the calorie intake issues, how might this idea of "Pizza Economics" be improved,
in your learned opinions?
Shouldn't we just simply "Order More Pizza"?