Tuesday, May 12, 2009

A day in the life of a supply-side economist

By Samuel K. in McSweeney's. The whole piece is worth a read, but here's the highlight:

8:47 p.m.

Attempts standup comedy
at a local open-mike night

SUPPLY-SIDE ECONOMIST: First, they increase the systemic risk regulation of banks, insurance firms, and broker-dealers. Then they expand Big Government by increasing the transparency of financial instruments and magnifying the Federal Reserve’s oversight of major hedge funds. And, as a finale, they tighten the federal standards for mortgage lending and require executive compensation to be contingent on corporate performance. And the agent says, “That’s a hell of an act. What do you call it?” And the father says, “The Aristocrats!”

(Everybody boos.)

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