Punk Economics: Lesson 1

zoeysboy Says:

May 1, 2012 - Okay, finished the video. PLEASE DO NOT TAKE THE INFORMATION IN THIS VIDEO AS FACT, because it isn't. He is presenting the views of the Keynsian school of thought, which history has shown is quite flawed. Take Germany example after the hyperinflationary ridiculousness of post WWII. After their current collapsed, they became smart. Don't spend more than you have, maintain a sound currency, and production and growth will follow. **Demand does not create supply. Supply yields demand!**

solasagusdochas Says:

May 2, 2012 - The views presented are well made and logical. In order to move forward and create a functioning European economy fuel needs to be added once more to the fire to generate consumer confidence and kick start the economic engine which will create employment and continued upward momentum. The low interest rates in the late 90's to 2006 did not suit the Irish economy, however inactive Irish state agencies left the nation greatly exposed, corporate debt should be shared with fellow member states.

John Smith Says:

May 5, 2012 - It's less like Max Weber and more like Karl Marx because Marx pointed out that it was the Jew bankers, not the Protestant petit-bourgeois, that were the real problem.

John Smith Says:

May 5, 2012 - It's less like Max Weber and more like Karl Marx because Marx pointed out that it was the Jew bankers, not the Protestants petit-bourgeois, that were the real problem.

tedtrash Says:

May 7, 2012 - It is a good analogy. You can't run a vehicle without fuel.If you don't want to break down a few miles down the road, you should check the system and eliminate any fuel leaks, as well.If you want to make sure you waste a lot of time and go nowhere, scold your vehicle for not running on the amount of fuel for which it was designed.

marekknowak Says:

May 11, 2012 - Please learn some economics, this video is full of elementary fallacies.

MrMiggypie Says:

May 12, 2012 - Such as?

cityzenjane2 Says:

May 15, 2012 - Hey you guys - PLEASE set this series up as a playlist. IT's each peasy.

orbenn Says:

May 17, 2012 - The problem with using government spending to prop up overall spending is that it NEVER STOPS. Once the government is spending, instead of the people, the government has to raise taxes to keep spending, and pretty soon the people have no money to spend even if they wanted to. This video isn't necessarily wrong that saving is good times and spending in bad could smooth the business cycle, but the problem is that once government is spending, it doesn't stop when things get good.

Mr12Truths Says:

May 19, 2012 - EVERYONE STICK THESE VIDEO'S ON YOUR FACEBOOK PAGE'STALK ABOUT THEM TO YOUR FRIEND'SWE HAVE TO STAND UP FOR OURSELVES AND SAY NO.We have to show central banks cant get away with everything they want.And if the economic system fails in the process, so be it.We need a new system anyway. Can you honestly say it works?

paddytheunique Says:

May 19, 2012 - Oh yeah, the German's didn't deficit spend their way through the 90s and early 2000s when their economy needed a boost. Their debt to GDP ratio hasn't be growing steadily for the last 30 years. Not at all...

batlin Says:

May 19, 2012 - Yet you didn't even give a single example of an "elementary fallacy". Would that have been so difficult?

batlin Says:

May 19, 2012 - Speak for yourself, idiot.

guillaumevanaelst Says:

May 20, 2012 - Too idealist...

sergebeauchamp Says:

May 21, 2012 - "Banks mistook no exchange rate risk for no risk at all" : completely ridiculous claim.The author is generally ignorant about political economy, and makes the typical mistake of confounding the people and the state. So he implies continuously that for the state to repay its debt, "the people" need to be squeezed. Then there's lots of inaccuracies and flat out myths, fairy tales, and political lies repeated as gospel.Just not worth anyone's time to listen or debunk.

batlin Says:

May 21, 2012 - Thanks. The video is probably aimed at a large voting demographic who are largely ignorant of good economics (like me), so it's useful to have a clear criticism of the points it makes, as opposed to "go learn economics, this is Keynsian rubbish" :D

blahbl4hblahtoo Says:

May 21, 2012 - its a cartoon.

a4ol Says:

May 23, 2012 - You always blame everyone else but yourself. If you lose a job and stop paying for a car or a house.. YOU ARE THE PROBLEM. If you do not pay back your loans, you are the reason for the crisis. People must be responsible and NOT buy anything with money do not have. Germany is strong because of one reason, fiscal responsibility. Not some hidden gene, some wealthy elite. THINK, use your brain. Same problem in the US, Spain, Greece, stop buying sh!t you can't afford and life will be peachy.

bobbythebobcat1 Says:

May 24, 2012 - And who are you a4ol? No channel, No account and no history on youtube. Posting the exact same message at the exact same time on all the videos on this channel. An automated propaganda machine. That's who you are!!!!! Keep on spamming your disinformation please, It makes it so much easier for us to see it

ronanoconnor07 Says:

May 24, 2012 - tabloid economics

RCJPistolPete89 Says:

May 24, 2012 - I liked this video up until 7:20 seconds in then he went keynes on my ass.

doormanyeah Says:

May 28, 2012 - if you are able to debunk something then it is your duty to do it, to find truth and make people understand it. saying pointless comments such as yours just makes people more confused!

markmesbur Says:

May 29, 2012 - Negative, negative and negative.

manalorocks Says:

May 29, 2012 - This guy accurately predicted the collapse of the Irish property market and the Irish economy over 10 years ago even though he was lambasted at the time!!!He's a highly respected economist who actually worked throughout Europe in many different banking firms, I would trust his judgement over some random youtubers who may have done Economics in College!