The Great Recession

Media Type: TV Clips Topic: Incentives, Economic Crisis, Monetary & Fiscal Policy

It's Always Sunny in Philadelphia

Mac and Dennis try to stimulate the demand at the bar with "Paddy's dollars." However, the free "Paddy's dollars" do not induce the customers to spend their own money at the bar so the owners suffer a huge loss. The parallels here between what the bar tries to accomplish with its promotion and what the Federal reserve has tried with quantitative easing are eerie. Very useful clip about consumption, incentives, and monetary policy.

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