I am giving my paper with Jeff at the annual conference of the Society of Economic Dynamics in Montreal. And I just found 5 dollars Canadian on the floor in a conference room. At first, I thought it was a practical joke but no-one popped out of a room and snapped a photo. So, I guess it was not a setup. In present company, my experience is consistent with the following joke:
An economics professor and a grad student are walking along the sidewalk, and the grad student spots a twenty dollar bill on the sidewalk. He says, “Hey professor, look, a twenty dollar bill.” The professor says, “Nonsense. If there were a twenty dollar bill on the street, someone would have picked it up already.” They walk past, and a little kid walking behind them pockets the bill.

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July 10, 2010 at 9:39 pm
Lones Smith
Nothing so cleanly illustrates the superiority of using a steady-state dynamic economic model as this story of why there are no dollars on the sidewalk. Observe that the joke draws its humor from the confusion of dynamic and static reasoning.
Aren’t Canadian $5 bills neat? Their reverse side honors the first every 50 goal in 50 game scorer in the NHL. The next was Gretzky….
http://en.wikipedia.org/wiki/Canadian_five-dollar_bill
July 11, 2010 at 12:05 pm
Anonymous
you mean finance, not macro.