Thursday, April 28, 2011

Oh. My. Gawd.

If you only watch one video this week...



Found Here.

(H/T to TJIC via Twitter.)
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12 comments:

Gudis said...

From what I can tell even Keynes wasn't what we would call a Keynesian today. He seemed to be more of a "whatever works" utilitarian sort of economist, and his suggestion of gov't "pump priming" deficit spending was a rather limited part of his economic philosophy. Naturally politicians interpret this as "Go ahead and spend your way into prosperity" because it's an easy sell to a gullible public.

9:01 AM, April 28, 2011
Les said...

The ironic thing is that these videos were essentially made by "Planet Money", an NPR program...

I liked the first one too...

9:27 AM, April 28, 2011
Carl said...

Loved the video, fantastic! The Hayek refutation of the wartime "prosperity" myth was brilliant. Thanks for posting, Tam!

10:01 AM, April 28, 2011
Les said...

The first one is here (Youtube)

10:51 AM, April 28, 2011
Drang said...

Guess I was getting my hopes up when I saw "Keynes" kissing the mat. Should have known the fix was in...

WV: wines. A little early...

11:49 AM, April 28, 2011
Jenny said...

SO MUCH WIN


Thanks for posting it. :)

1:27 PM, April 28, 2011
Cond0011 said...

Very Entertaning, Tam.

Thanks!

1:58 PM, April 28, 2011
St. Grendel said...

Okay, I concede that this is the coolest thing I have seen all month. Maybe even the whole year.

10:24 PM, April 28, 2011
Bram said...

The war-time prosperity is a joke.

1. The government was teetering on the edge of bankruptcy the entire war.

2. FDR finally did the right thing and died, Congress – even the Democrats - quickly cancelled the planned post-war New Deal 2.

3. We bombed the infrastructure and production capabilities of our major rivals into oblivion.

8:19 AM, April 29, 2011
Bram said...

There is a big data point against Keynes. We call it "The Great Depression." Soon it may be called "The First Great Depression."

8:20 AM, April 29, 2011
Anonymous said...

THIS is how you teach the masses about Economics.

Antibubba

7:17 PM, April 29, 2011
Fodder4Thought said...

That was one of the greatest things I've ever seen.

WV: fumet - a stupid, brimless hat gasses wear.

7:26 PM, April 29, 2011

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