Caveat: an economic depression of astronomical proportions

If you enjoy academic discourse qua academic discourse, this economics paper is fascinating – it is both an exercise in serious macroeconomics and a weird kind of satire of serious macroeconomics. It applies some recent ideas of macroeconomics, as developed in response to the most recent global economic crisis (2008) to the Star Wars universe, and imagines the economic dilemma confronted by the victorious Rebel Alliance. The concluding two sentences of the paper:

In this case study we found that the Rebel Alliance would need to prepare a bailout of at least 15%, and likely at least 20%, of GGP in order to mitigate the systemic risks and the sudden and catastrophic economic collapse. Without such funds at the ready, it likely the Galactic economy would enter an economic depression of astronomical proportions.

[daily log: walking, 6km]

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