Russ Roberts, What’s Wrong With Keynes. Worth a read, but do we really need to delve so deeply into it? One may as well be asking in 2010: What’s wrong with phlogiston? What’s wrong with the luminiferous ether? What’s wrong with phrenology? The main thing that’s wrong with ‘Keynesianism’ is that (unlike these others) it’s still with us.I think that you could make some outstanding cocktail names from these. For example, a Phlogiston would be 1 part sparkling Reisling*, 1 part schnappes, and Baccari 151 floated (and ignited) on the top. When the 151 burns off, the cocktail is considered dephlogisticated.
Leave your own recipes for a Luminiferous Aether (please, no actual ether) or a Phrenology in the comments. Or for a Keynesian Crash, for that matter.
* the originator of the theory of Phlogiston, J.J. Becher, was from the Rhineland-Palatinate area of Germany, a major producer of sparkling wines.
I think a Phrenology is 2 shots of cheap Tequila mixed with powdered lemon lime Gatorade. Drink until memories of HS football return. Wake up the next morning and count the head lumps. Whoever has the most wins.
ReplyDeleteA Luminiferous Aether would be 2 parts blue Mad Dog 20/20, one part Brazilian Cacaca, and 16 oz. Monster Energy Drink, garnished with 2 Nyquil.
ReplyDeleteI once had a University roommate who had belonged to a Fraternity and was a Chemistry Major/Varsity Defensive Tackle - and who once mixed a Luminiferous Aether that involved real Ether and at a Party handed it to a Frat Brother who was being loud, obnoxious with a good deal of noxiousness, and stupidly-stupid - bothering a nice girl. The recipient took a moment to pause and entered a luminous dream-state for a (short) period of time. The girl was grateful for the kindness.
ReplyDeleteMy understanding is that such a drink leads directly to a Keynesian Crash.
I use 'phlogiston' and 'luminiferous aether' as examples in science discussions all the time.
ReplyDeleteI also use them as a foam stabilizers in british style pale ales. It helps bring out the caramel diacytyl critical for that variety as well.
I think a Keynesian crash would be something like take a bottle of Vodka, drink half in one slug, pour the other half on all your cash and set fire to it.
ReplyDeleteWhen you wake up, you'll be broke, sick and in pain. Sounds like a Keynesian crash to me.