TOS Blog: Daily Commentary from an Objectivist Perspective

It’s a Wonderful Satire (of Government Force)

Two new Christmas-themed videos promote (respectively) sound economics and the right to control one’s own wealth. Both videos justly and humorously condemn, through satire, instances of government force.

Deck the Halls with Macro Follies” from EconStories promotes a fake Christmas album with such “hits” as “Income Equals Expenditure,” by John Maynard Keynes (to the tune of “God Rest Ye Merry Gentlemen”), and “Hark, I Hear a Fallacy,” by Jean-Baptiste Say.

Keynes, the video says, “drove spending straight to the top of the pop charts.” Say, on the other hand, sensibly retorts, “Demand can’t grow the economy. / We produce so we can buy. / Demand’s enabled by supply. / If our goal is more consumption, / First we must increase production.” The commentary of the video praises savings and condemns reckless spending, whether by individuals or the government.

Miracle on Wall Street” from Crony Chronicles shows a woman and her child voluntarily donating to a charity. Then a businessman with a bell asks the pair, “Donation for my bailout?” The woman replies, “Absolutely not!” The video then points out that the government has “donated” hundreds of billions of our dollars to businesses this year, without our consent. The implicit message is that individuals have a right to decide how to spend their money.

Check them out!

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Image: Crony Chronicles

Posted in: Taxation

Comments are welcome so long as they are civil.
  • http://www.facebook.com/profile.php?ref=name&id=100000501085308 Martin Lundqvist

    Awesome videos! Merry christmas!

  • Stuart Hayashi

    Wish they would write out the songs fully and make the album available for next year.

  • Stuart Hayashi

    Regarding the Crony Chronicles video, at least the businessman in the video asked for a voluntary donation; the problem with the real-life bailout was that it done at the point of the government’s guns.