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Monday, September 15, 2008

Today, economists are a joke

So what's a top economics blog featuring today, after the carnage of Lehman Brothers, Merrill Lynch, AIG -- on top of the carnage of Fannie Mae, Freddie Mac, Bear Stearns -- and all those wonderful bank failures like Indy Mac, and maybe soon WaMu?

Well, today Freakonomics is asking readers for their favorite economics jokes.


The jokes aren't very funny, but then neither is the performance of all those math models of risk that got the big financial institutions in such trouble.

So, what are some of the decent ones?

Q: What’s the difference between an economist and a Haitian deportation officer?

A: One diminishes returns, one returns Dominicans.

Q: What’s brown and grey and if it fell out of a a tree could kill you?

A: An econ textbook.

Q: What branch of economics deals with the supply and demand of blindfolded children in swimming pools?

A: Marco-economics

Why did god create economists? To make the meteorologists seem accurate.

I stopped smoking pot when I starting having thoughts like this: “Why can’t all those important economists in Washington balance a budget as well as a single mom with three kids, two jobs, a coupon book, and a Kroger card?”

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