At least, so says Jim Cramer, according to this Philadelphia Eagles.com piece by Dave Spadaro. Cramer, the lunatic who has kept a fairly low profile (relatively low, anyway, since he is still doing the same show and performing the same ridiculous antics, with sound effects, screaming, push-ups, props, etc.) since being demolished by Jon Stewart some months back, is apparently a huge Eagles fan. Who knew? I didn’t.
Here’s the relevant selection of the article, quoting an e-mail Cramer wrote re: Reid’s decision to start back-up Michael Vick over future-of-the-franchise Kevin Kolb (who played poorly in one half of football before going out with a concussion):
“Cramer in an email to me: ‘Here’s the logic. All great investors follow the logic of Keynes. What happened is that Keynes, the greatest economist in history, had made a mistaken call and he changed his mind about it. He was being hectored about it and he said to the questioner, “When the facts change, I change my mind. What do you do, sir?”
“‘It is the watchword of Mad Money. It must be the watchword of an NFL coach if he wants to win. IF he doesn’t, well, fine!'”
So there you have it. Just like the bailout, this Eagles season will serve as some kind of definitive test of Keynes’ economic theories (except that people will find reason to dispute the results, whichever way they may go; even in the case of the Eagles’ record, if the Washington Redskins do better, there’s that; short of winning the Super Bowl, there will be wiggle room for sports talking heads to second-guess all of Reid’s decisions).
As a bonus, here is a rap video in which Keynes and one of his ideological nemeses, Friedrich Hayek, square off. It is actually pretty informative.