Punk Economics 3: Playing With Liquidity

Irish Economist David McWilliams discusses the dangers of playing games with liquidity, in Lesson 3.

Writer/Director: David McWilliams
http://www.davidmcwilliams.ie/
Producer: Mary Catherine Brouder
Artist: Mark Flood
Production Manager: Sanja Miladinovic
Music: Hassle Merchants "Run Rabbit Run"
http://itunes.apple.com/ie/album/run-...
http://www.facebook.com/HassleMerchants
The Stoney Brokes "The Dealer"
http://www.facebook.com/thestoneybrok...

• Category

  News & Politics

[Kane Millington Smith]

I'm fed up of hearing politicians saying 'We have been living beyond our means' when talking about the state of country's, It's clear we have a two tier system, It is a small collection of people who blew up this bubble and benefited from it, the average worker's wage has barley increased over the last decade.They are desperately trying to re inflate the bubble and are sucking wealth from the rest of us through austerity and cuts. They need to except the losses, this repression cannot continue

[ckirkster]

The fact that they're printing cash every day means your savings are loosing value so if you save cash you're in the shit.

We're headed for another crash for sure but they will just rinse and repeat this process over an over so we'll never be better off. We (the west) are no longer in a free market economy because the governments/central banks are meddling with it so to be quite frank I think we should all just turn our backs on the banks, withdraw all our assets put an end to it all.

[Matthew Robinson]

what wealth? it's not from me I don't have any

[Theophillous]

Thank you!

[Fouad Jaber]

debt is not the solution to debt! debt is the solution to debt.

[libertyisjustice]

It reduced the supply of money, without effecting the demand for money, which results in rising value of money.

[Jill Korenaga]

1 and 2 make sense but I have at least one question on this one: Why would the interest rate "have" to rise?

[NickRoman]

This hyperinflation is what is going to kill me. It's bad enough as it is. You absolutely must invest in the right thing because holding cash is so risky. Maybe that's how they stimulate the economy--by making everyone terrified of holding cash. They should just admit that hyperinflation is going to happen and watch everyone dump cash for something else. That solves the problem of too much saving right? lol

[QCREIGN]

@RealityStar9 Im glad im not the only one who understands and can simply explain it.

[QCREIGN]

In the first 30 seconds my respect meter for this channel increased slightly.