A Mises forum report on the Simpson mention of Austrian economics:
Mr. Burns is increasing energy costs and says...
I've assembled a team of distinguished economists...and placed plausible rate hike percentages on their backs. We'll use unfettered free market principles to arrive at a number.
----There is a picture of several people with "11%, 17%, 22%, 15%" etc. saftey-pinned to their backs.
Burns then says squinting his eyes,
Release the hounds...
The economists then turn and run as the dogs chase them. The town folk watch, jaws dropped. Then Mr. Burns says to Smithers,
Notice how the Keynesians climb trees while the Austrian school economists hide under rocks!
Smithers replies very dryly,
hahaha. Harvard jokers. It is funny because it is an accurate simple analogy for a problem that is coming for them!
Rates rise by 17%. Then Mr. Burns releases the radioactive steam onto the people who run away screaming.
Homer makes a joke about throwing away consumer goods like a good american later as well. Good episode.
When President Obama announced on July 2 that the employer mandate for Obamacare would be postponed for another year, he opened the door for one more Republican opportunity to repeal this destructive and costly program.
Will they seize this opportunity? No. Big Government Republicans posture, pose, and pretend to cut destructive programs and harmful laws, but almost never vote to simply end them. Read The Full Story