Addicted to Money - Episode 1

Addicted to Money begins at 8.30pm on Thursday 5 November on ABC1. It is THE program for anyone who wants to know how the financial crisis came about, what it means for us now, and what we can do to create a sustainable economy. Biting and punchy, this three‐part series is a survival guide for the New Economy, presented with wit, charm and incisive appeal by David McWilliams, a young economist who talks just as candidly to the most influential and powerful players in the global economy as he does to ordinary people.

Category:

News & Politics

Tags:

• News & Politics
• Addicted to Money
• global financial crisis
• gfc
• financial crisis
• global economy
• share market
• economics
• economy
• shares
• new economy
• david mcwilliams

[gulbirk]

@GuitarmandanXo Which is based on what? First of all, this argument is silly because it assumes that anyone can by anything at anytime, which isnt the case. It also doesnt take into account what WOULD be the cheapest way of production, only what IS the cheapest way of production at any given time. There are too many flaws with this analogy for me to take it seriously.

[GuitarmandanXo]

@gulbirk Americas problem is that we let our federal government take authority to be able to regulate on a massive scale and guess who lobbies for/helps write the regulations: big businesses with deep pockets. Governments are much more likely to create monopolies than free markets. Why? Government = monopoly on force. Free markets= voluntary exchange/association.

[GuitarmandanXo]

@gulbirk The only reason a business would get big in a free market is that their customers found their goods/service worth buying.If other businesses are put out of business by your hypothetical shop that’s because you offered the best product/price and the consumer voted to keep you in business with their money. The whole point is to make the cost of living cheaper for everyone by offering the best price.Equality (through centralized planning) isn’t good when the standard it creates is poverty.

[Nautilus1972]

@eugeneedwards Exactly. And the American 'central bank' The Fed, is just a cartel of private banks unconstitutionally printing money and then charging the government interst for using it. End The Fed. The scam is 100 years old in just over a year's time.

[gulbirk]

@eugeneedwards Free markets have never existed. Nor will they.

Imagine a free market where I start a shop. I get money and expand. I then expand more and more and more and more and more.

I am now a corporation.

It doesnt matter if you have a state or not, I can drive all other businesses out of work by lowering prices in one area.

[steveeb58]

Great Series

[eugeneedwards]

eh? leftist? do you understand finance? do you remember elections when monetary policy was discussed? now it doesnt get a mention. thats because monetary policy is the same....left or right.

monetary policy is the route of the gfc.

central bank policies = debt growth and inflation = makes all the people including you poorer.

i bet you think there are free markets out there somewhere?

can you name one?

[kevo999]

First rate program. More about the post crash environment than post mortem I saw the crash myself after all. Great show.

[EPdocs]

the DVD will be available in early December from the production company Electric Pictures in Perth

[lfrohling]

I missed the end to this- I wish I could get the video from somewhere...