The Onion Nails Keynesian Economics

The Onion News Network, easily the most trusted name in news, released a brief entitled “Revamped WPA To Create 50,000 New Jobs By Disassembling, Reassembling Hoover Dam.” The WPA was the make-work or public works program during the New Deal. And how perfectly The Onion encapsulates the absurdity of Keynesian economics, i.e. paying people to dig a hole and fill it up again. Or as they put it:

“WASHINGTON—In an effort to boost the economy and promote job growth, representatives from the newly revived Works Progress Administration announced Thursday their plan to dismantle, piece by piece, the 3.25 million cubic yards of concrete forming the Hoover Dam, and then immediately rebuild it. “This is a vital initiative,” said WPA director Ted Doogan, who was appointed last week. “Systematically tearing down such a massive edifice will create at least 25,000 jobs over the next five years. And then reassembling it, using all the same pieces in the exact same configuration, will employ another 25,000 workers. America is back.” Other public works projects currently underway include the bulldozing of libraries, the burning of national forests, and the defacing of public murals, which will be followed by a massive plan to rebuild libraries, revive national forests, and repaint public murals.”

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