Spot the error

[MMMark]

Wed. 10/04/28 09:01 EDT
.post #87

Here’s a video (8:17) I became aware of in another thread. Produced by/for the European Central Bank, it ostensibly teaches about “price stability” while covertly slipping in some pernicious, fallacious propaganda. The video:

Price stability: why is it important for you?

From the ECB website:

@ECB

Teaching economics to young teenagers? Then this kit about price stability might help. It consists of an 8-minute cartoon, a pupil’s leaflet, which explains price stability in simple terms, and a more detailed teacher’s booklet. The kit has been produced by the ECB together with the national central banks of the euro area.

Spot the fallacies, hidden assumptions, lies of omission, inconsistencies, etc. The idea is to perform a “differential diagnosis,” Austrian-style, i.e., to show how an Austrian evaluation explains what the official version fails to.

Note: I haven’t read the “more detailed teacher’s booklet,” but it could prove to be a gold mine of nonsense and hoodwinkery..

Happy deconstructing!