Punk Economics: Lesson 1

David McWilliams, Irish economist, gives us our first lesson in punk economics.


Writer/Director: David McWilliams
Producer/Editor: Mary Catherine Brouder
Illustrator: Mark Flood
Production Manager: Sanja Miladinovic

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[Coltaculuss]

Very little actual explanation in this video. Just statements with little basis.

[jeffwhitemedia]

This guy has no idea what the hell he's talking about.

[finance485]

I'd like to ask this stooge why Germany isnt in trouble. Oh yeah, because of fiscal responsibility. Also, they produce good products that other countries want to purchase. He believes that you can get out of debt by incurring more debt.

[boscoesarmy]

@jeffwhitemedia The thing is, this guy has been right for the last 10 years. He predicted this crisis 10 years ago. He called it a bubble 10 yrs ago and said it would end in negative equity and ghost banks and he was right. What does American know about the Irish economy or the wider EU economic crisis anyways ?

[KrackowKid]

@jeffwhitemedia Can you explai

Can you explain why he has no idea what he's talking about ? This is what is actually happening to the Irish economy and in other EU countries

[Coltaculuss]

@candypink40

I only troll when people make stupid replies to valid points.

[candypink40]

@Coltaculuss

You are a troll.

[echmech]

@leoholsbach

"if there's a recession, the solution is spending."

This seems like a good solution only if you are blindfolded by Keynesian economics and refuse to see long term effects...

[CamelClass]

The animation is very nicely done. Unfortunately the dialog isn't, especially because it leaves out the most important part, why Greece and other countries are in their current situation. Blaming the banks for everything is so easy, but somebody calling themselve an economist should dig a little deeper.

The EU wasn't formed so all countries could carry on as before. All of them agreed to certain standards and those in trouble now didn't meet those standards. This video gives punk a bad name.

[pmagnowski]

This video is misleading by oversimplifying too much. It's not about spending more or spending less. It's about spending wisely and creating more value.

[candypink40]

@goldisliberty

Gold is Liberty - I love you - I have seen these trolls on Occupy and Ron Paul videos . totally agree with you there .Good that we have Youtube so that we don't have to be fed lies by the government mouthpiece media.

[leoholsbach]

I don't agree with some stuff but one central lesson is sound: if there's a recession, the solution is spending. Yes, making the money go around, generating revenue. We saw that in the last "global" crisis: Countries who lowered interest and expanded credit lines for the ppl got out better