Punk Economics 1: The European Debt Crisis

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


Writer/Director: David McWilliams
http://www.davidmcwilliams.ie/
Producer/Editor: Mary Catherine Brouder
Illustrator: Mark Flood
Production Manager: Sanja Miladinovic
Music: Hassle Merchants "Run Rabbit Run"
http://www.facebook.com/HassleMerchants
http://itunes.apple.com/ie/album/run-...
Rocketsurgery "Rubix"
http://www.facebook.com/rocketsurgery...
The Eskies "Jailhouse Sun"
http://www.facebook.com/TheEskies
James Guilmartin "Untimely Tails"
http://www.facebook.com/pages/James-G...

• Category

  News & Politics

[TheNoncube]

LoL again most of this is just garbage. Very few actual economic principles are talked in this video and a lot of just plan nonsense. Blaming Germany for not wanting to bailout other countries that where not responsible like Germany. No talk on the social state that demands massive government spending and in turn requires government to borrow. Again there is almost no real economics in the video.

[d. irving]

6:25 - "somebody has got to spend! And if the government doesn't spend, who will?"

The pinnacle of broken economics...

We've had the separation of church and state; I hope we someday see the separation of economy and state.

[ahmed osama]

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[paganom10]

Nonsense. The crux of austerity is not that countries can't pay their debts, it's that they won't. It means that broken countries which spend too much on lavish government programs and are horribly mismanaged by corrupt bureaucrats need to be reformed.

[carultch]

Why does everyone think that it is a violent crime to be a banker?

[rotoscoop]

Doing the same thing over and over again not a definition of stupidity, it's an example of it.

[delarhuc]

Come on man! Prods and Catholics... you just lost ten ounces of respect from me with that shite. Why do you have to mention that? Plus, you make it sound like politics was unaware and fell into this... it was a plan!!!

[Tobasm]

this guy has too many prejudices.. not balanced...

[flowerchild69]

You forgot to take your medicine.

[DnBastard]

idiot.

multiculturalism is enforced by white people, ever been in a 3rd world country?

Open your eyes dipshit.