How to Ruin the Economy in Seven Easy Steps - Johan Norberg

[JennClimaco]

CAN SOMONE TELL ME HOW THIS VIDEO HAS ANYTHING TO DO WITH REPUBLICANS OR DEMOCRATS LIBERALS OR ANY FUCKEN POLITICAL BULL SHIT!!!!!!!! THIS IS THE MARKET THE FREE MARKET PPL THIS IS WHAT HAPPENS WHEN PPL STOP INVESTING WHEN BANKS AND CORPORATIONS STOP RECEIVING REVENUES AND CASHFLOWS. THIS VIDEO IS TALKING ABOUT THE HOUSING BUBBLE THAT BLEW IN OUR FACES BECAUSE THE UNETHICAL WAYS CORPORATE AND BANKS WANT TO MAKE PROFITS, CASHFLOWS, AND REVENUES. take finance classes and a few economic classes PPL

[szol2005]

How to Ruin the Economy in 1 Easy Step - By me

Give some1 control over the money supply and wait for the crisis that sparks the easy money bubble... From coin clipping romans to chopper Ben, it's all the same...

[JonseyAlabama]

I see a lot of Republican versus Democrat arguments as though either side has anything to do with our interest rates or economy LOL. All i know is there are a few Rich men who really want a global currency and if you have to go hungry then so be it a few serfs are expendable. How can a government official or beurocrat decide how much mu hour of labor is worth?

[thetimman00]

The whole crisis revolves around what the U,S, dollar is worth. To you, to me, to Chinese, to Arabs, It is only worth what we "think" it is worth. It is a crisis of thinking. So delude yourself, world, and all will be fine

[thunderpants10]

I have seen several vids that have done a wonderful job of illustrating how eactly the crises unfolded

This is not one of them

[ZamatoElite]

It's hilarious how brilliantly this proves the Austrian business cycle theory. But hell, don't listen to those kooky Libertarians.

[Hendo1974]

Republican=Democrats=Banksters­=New World Order=All the same Bullshit!

[Bobbiethejean]

Seven? Pfft. You can do it in one: vote republican.

[jonnniefivemiles]

...or democrat.

[marsCubed]

jonnniefivemiles, States around the world which had regulation in place did not suffer a banking collapse. Sweden for instance had recently socialized her National bank, then floated it on the stock exchange with tough regulation, it suffered no problems.

Although these economies have now been pulled into the recession, it was right wing policy

[jonnniefivemiles]

You are somewhat correct at a superficial level (though a little off on your empirics..). When the coercive state subsidizes or funds anything, whether it's nominally 'public' or 'private,' regulation may help deter the moral hazard and perverse incentives of that coercively attained input. However, the root problem is what caused the moral hazard and perverse incentive in the first place - the coercion itself, the 'state.'

There is no "left" or "right." There is coerced and there is voluntary.

[mushmouth4life]

so it wasnt Sweden's resource based economy or independence from the Euro that saved its bacon?

[Whopzer]

@mushmouth4life: Haha what? Sweden hasn't got a resource based economy. Unfortunately Sweden is a capitalist country run by capitalist pigs just like your country.

[MANGOS487]

@Whopzer you only say that because you're poor

[magichandpuppet]

yes, or democrat... both parties designed for mindless droids

[Bobbiethejean]

The economy tends to fair a bit better under democrats but that whole deregulation thing Clinton did at the end was a fairly dick-move. I wonder why more people don't call him out for it.

[magichandpuppet]

hogwash... but yes, under Clinton the Glass-Steagal Act was repealed, yet most droids blame deregulation on Republicans. Democrats also pushed for the simultaneous government backing and deregulation of Fannie Mae and Freddie Mac - two of the favorite piggy banks of the Democrats. We could also discuss the inflation under Jimmy Carter, but I think it's more fun to talk about the blood on his hands since he (knowingly) supplied the weapons used in the genocide of East Timor. Both parties suck

[Dt0x75]

lol wow I was going to comment on this, and will but first. I live in your listed hometown... weird. As for voting Republican....I see you haven't realized Bobbie that it is a 2 headed 1 party system yet. If you want change, and I mean real change....Vote 3rd Party. Independent, Constitutional, Libertarian....Anything except the 2 headed political monster I like to call Demorepublicanism. :)

[Bobbiethejean]

I'm giving the democrats one last chance before I jump ship. If Obama doesn't bring everything he promised and a bag of chips, the democrats can kiss my ass after this election cycle. But I have hope for now and I am holding my breath.

[Dt0x75]

Well its none of my business who you support, and you have every right to but the one thing I learned since a young age (and this is why i registered Independent) is that everything a candidate says is just for votes. I have never seen once in my life is one of them live up to what they said. I haven't seen many presidents, but you don't need to in order to catch a hint...lol

[Mrmoc7]

You probably won't vote republican, so you'll try a third party, and if they fail you too, as they most likely will, will you move out of the states? Just curious.

[Bobbiethejean]

I'll probably get back in line and shut up like most other Americans. I might move. I might bitch louder than I usually do. It's easy to conjecture from my asschair but I don't really know what I'll do until that situation arises.

[llshamelessll]

funny stuff eh, except millions of lives are destroyed....they need to pay for their greed.