Yeah, that makes sense.
At the end of the video, who is that in the very first photo, the one before Hoover? I thought it could be Irving Fisher, but I don’t recognize him.
Even the New York Times moderators gave it a “Highlight”
The moderator who let it go through will probably receive a “talking to”.
I prey it’s a grand hit. Bring me to tears if the message got through. It’s quite simple. When liberty reigns things work better.
I prey it’s a grand hit. Bring me to tears if the message got through. It’s quite simple. When liberty reigns things work better.
A Marxist I debated a while back messaged me for an Austrian reading list, and then asked me if I saw the video. If it can convert a Marxist (who was extremely well-read in Marxism), then its potential is limitless.
The video does a great job presenting the Keynesian (main stream?) and Austrian perspectives. Malinvestment, low interest rate, timing / coordination problem, even a couple Hayekian triangles make an appearance.
However, I’m concerned that the consequence of intervention is being understated. The consequence is not merely a “hangover” (the depression, unemployment). It is the destruction of the economy, social unrest, dictatorship, and loss of liberty. THAT is the ultimate consequence, and that is where all of this intervention is leading us to. I just think a reference, maybe at very end, from The Road to Serfdom may have pointed to the seriousness of what we are contending with. It’s not merely a “hangover”. This is what I’m talking about, from Mises Media: http://mises.org/media/1317
That said, however, the video is a masterpiece.