Eat Your Pizza, or, The Beginnings of a Dialogue with My Two-Year Old and Four-Year-Old About Macroeconomic Stability
This is a teaser for a forthcoming post. The scene: Chuck E. Cheese’s in Vestavia Hills, Alabama, where my two-year-old and my four-year-old are nibbling like birds on slices of the large pepperoni pizza we ordered. This was not what I expected.
Economist: Children, eat your pizza. If you don’t, we will have to save it for later and our grocery bill for the week will be lower. The ensuing reduction in consumption spending will cause aggregate demand to collapse and imperil the fragile economic recovery.
To be continued.