Acronym

I know everyone is dragging around right now, even though it’s only Tuesday, but with so many folks on vacation already, and the sun shining brightly (at least here in Virginia), I thought it a good time to pass along 5 minutes of humor for your day. Yes, it has an association hook, and it’s even about the economy, so you can tell your boss you’re “doing an environmental scan.”

However, I guarantee you haven’t heard economics explained in these kinds of concepts, even though this hilarious YouTube video is by Yoram Bauman, a self-named “stand-up economist” at the American Economic Association conference in January.

Major kudos to the AEC for having the guts and grace during a dismal financial year to insert its first “humor session” at a conference, which actually garnered it a nice blog post in The New York Times and apparently standing-room-only attendance that day.