Holiday Shopping: Keynesian and Self-Actualizing Both?

BY Paul Solman  December 20, 2012 at 11:30 AM EDT

Paul Solman: On Thursday’s NewsHour, a cerebral celebration of holiday shopping, courtesy of Rutgers University economic and intellectual historian James Livingston, author of the fascinating pro-consumption book “Against Thrift.” Pitted against Livingston as counter-point is an anti-spending video from old friend John Papola, the libertarian filmmaker behind the wildly popular Keynes-Hayek rap video that also debuted on the NewsHour in 2009.

Papola’s latest, “Deck the Halls with Macro Follies,” can be seen in excerpts tonight on the program, and in its entirety on YouTube. Or you can watch it below: