How The Economic Machine Works

[godfatherk]

[media]http://www.youtube.com/watch?v=PHe0bXAIuk0[/media]

[Gmod4ever]

Very interesting video.

Though I wouldn't have minded if he went into more detail of the repercussions of handling a deleveraging poorly - in particular, the ramifications of hyperinflation as a result of printing money.

All he really says is that printing money is bad, and his example on why is just one sentence "like Germany in the 20s." I think he would have done well to describe situations like Zimbabwe's hyperinflation, and perhaps explain a bit more clearly how exactly a government would balance the deflationary tactics with printing money.

I'm rather surprised I actually ended up watching the whole video, though. I found it very informative, too.

[Nasake]

Thanks.