Remarkl
1 min readOct 17, 2021

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I haven't read How to Read Donald Duck, but I did read Donald Duck, when I was seven or eight years old. I actually credit the comic with my attachment to dynamic analysis. I'm thinking of the one where Unca Scrooge grows weary of being so wealthy and commissions Donald and the boys to spend all of his money.

In a comic book, wealth consists of money, not the discounted present value of future cash flows, so one can imagine someone actually spending all their money without divesting all of their corporate holdings. This distinction is crucial to the plot line of the comic in question, because, in the end, it turns out that Scrooge owns all of the businesses at which Donald et al. spend all of his money, with the result that Scrooge ends up as rich as before.

This comic came out in the early 1950's. Fordism was already a thing, i.e., it was understood that wel--paid workers made excellent customers, a fact that seems to have been lost in our race to outsource our labor to workers who are not such good customers. (People can be individually brilliant, but collectively stupid.) Anyway, not to make this a treatise on trickle-up economics, I owe Scrooge a debt of gratitude for introducing me to the idea.

I hope the authors will follow up with "How to Watch Dumbo." Crows, drunk roustabouts, and the power of positive thinking. (My five-year-old and I watched that movie over and over on VHS. We got different things from it.)

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Remarkl
Remarkl

Written by Remarkl

Self-description is not privileged.

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