Keynesian Economist Katie Lee Joel Nails the Paradox of the Greatest Depression


What the economy needs is for us to shop, but if you spend money you’re going to get criticized.” —Katie Lee Joel, trophy wife, cookbook author, and maker of Man Loaf at GQ/CFDA “Best New Menswear Designer in America” party at Rockefeller Center, February 11, 2009

“The growth of capital depends not at all on a low propensity to consume but is, on the contrary, held back by it … for the engine which drives enterprise is not thrift, but profit.” —John Maynard Keynes, economist, in The General Theory of Employment, Interest, and Money, 1935