@zoikles1 by actual business cycles do you mean the ones caused by animal spirits? i'm afraid that's a theory that's far too plausible for someone as deluded as me
@libertyordeathTV lol! I think one of the most convincing arguments in favour of Keynesian theories is that if someone like you can't be convinced that animal spirits exist, that's clearly proof that you yourself are driven by animal spirits! =P
@joepastafari Thank you joe! i tried to make it as accessible as possible while preserving the chain of logic involved--hopefully without introducing too much error in the process, glad u like it!
@AbdelClass It means the money that was printed by the central bank, and spent on the the glove industry, has now percolated into the economy and is back in the hands of the consumers (whose actual preference between the three goods has not changed).
why don't politicians watch this shit
nikzad92 4 weeks ago
@nikzad92 it's never easy to come to the realization that you just spent your entire career doing jacks**t--for lack of a better term
libertyordeathTV 4 weeks ago
Nice video, great work!
D503z 1 month ago 3
@D503z thank you D503z, glad you like it!
libertyordeathTV 1 month ago
I think you should change the title to The Austrian Business Cycle in 5 mins, otherwise people might confuse this with actual business cycles lol.
zoikles1 2 months ago
@zoikles1 by actual business cycles do you mean the ones caused by animal spirits? i'm afraid that's a theory that's far too plausible for someone as deluded as me
libertyordeathTV 2 months ago
@libertyordeathTV lol! I think one of the most convincing arguments in favour of Keynesian theories is that if someone like you can't be convinced that animal spirits exist, that's clearly proof that you yourself are driven by animal spirits! =P
zoikles1 2 months ago
Awesome job.
Theobrothers 2 months ago 3
@Theobrothers Thanks Theobrothers! yes i am replying to pretty much every comment, wow i'm pathetic
libertyordeathTV 2 months ago
@libertyordeathTV
I'm probably gonna steal your work and make a Ron Paul video with music and lights.
So we're even!
Theobrothers 2 months ago
This is awesome! Exactly what I was looking for to explain the business cycle to laypeople.
joepastafari 2 months ago 2
@joepastafari Thank you joe! i tried to make it as accessible as possible while preserving the chain of logic involved--hopefully without introducing too much error in the process, glad u like it!
libertyordeathTV 2 months ago
like and favorite
utuebmakeustupid 3 months ago
@AbdelClass The percolation of the new money happens through the wages being paid to the workers (who are in turn the mass consumers).
prashanthperumal1988 3 months ago
@prashanthperumal1988 woohoo one subscriber! that's one more than I anticipated. Thanks prashanth!
libertyordeathTV 3 months ago
@libertyordeathTV Well, you deserve many more. Amazing video. Keep it up!
prashanthperumal1988 3 months ago
@AbdelClass It means the money that was printed by the central bank, and spent on the the glove industry, has now percolated into the economy and is back in the hands of the consumers (whose actual preference between the three goods has not changed).
prashanthperumal1988 3 months ago