1 Comment

1. 

   MasterPo on May 15, 2011 at 10:56 pm

   I dis­agree with the eco­nom­ics video. Besides the fact the guy sounds like a dou­ble-talk­er try­ing to say it’s rain when some­one is real­ly spit­ting in yoru face, while it’s true that for every trans­ac­tion there’s a buy­er and sell­er so some­one is mak­ing mon­ey, that does­n’t help the aver­age man-on-the-street. When the stock mar­ket crash­es he does­n’t care that the wealth was­n’t desto­ryed just trans­fered. HIS wealth was destroyed and that’s all he cares about.

   The guy is also wrong about defla­tion. Hous­es have crashed in val­ue but food, ener­gy, and every­thing else has gone UP or at least stayed the same. Thus no equal­ib­ri­um of val­ue.

   Reply