Essential Hayek: Economic Booms and Busts

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Information Essential Hayek: Economic Booms and Busts

Title	:	Essential Hayek: Economic Booms and Busts
Lasting	:	3.14
Date of publication	:
Views	:	125 rb

Yep, sometimes it's a chocolate covered pickle
Comment from : @johngranato2673

- Rubbish We had booms & busts before the was a large government
Comment from : @willemgrooters4958

This is what's happening with car battery plants Not only a boom and bust but also destroyed farmland in the process as government has been confiscating farmland forcing farmers to sign non-disclosure agreements and giving them a price for the land saying take it or leave it - if you don't sell now you'll get nothing later This is happening in Southwestern Ontario, Canada
Comment from : @kimberlyneudorf2276

Your example is asinine, you could’ve just done the exact same thing with warmongering and it would’ve resonated immediatelybrbrBefore the war powers act, Congress had to issue bonds giving the people veto power brbrNow they just print money into a oblivion, murdering civilians at an unsustainable clip
Comment from : @h2w25

what about public goods
Comment from : @akinsolaagbebi5754

Canada
Comment from : @acedelizo6430

Hayek's influence on Margaret Thatcher was phenomenal My book "Thatcherism Hayek & the Political Economics of the Conservative Party" looks at this
Comment from : @drfloydmillen4736

Nope People start butt fucking as a substitute for chocolate covered pickles It’s their consumer taste, and that shits disgusting
Comment from : @grandrapidsbattleball4176

the bust in reality was caused by companys building to fast because the demand was so great but eventually it ran out of steam and the people bought the one they wanted consistently and given that Gov is the issuer of currency and banks loan out the currency at its roots all currency is created by Govbanks are for profit the Gov isn't
Comment from : @TheChaosWatcher

Great video!
Comment from : @TheGenerousRight

Even in 2022 People still ignore these basic rules of cycles
Comment from : @L00n1x

Really could use one of them chocolate covered pickles right about now
Comment from : @SuperEbbandflow

This straw man argument is kind of irritating It doesn’t even mention demand side economics, and the command economy subsidy was something ridiculous like chocolate covered pickles, instead of electric cars or space technology
Comment from : @zekea7873

This example does well at explaining what would happen if the government intervened to provide targeted investment to firms, but what about stimulus directed to the consumer?
Comment from : @s25007

Gasp, you mean stimulus checks are a bad thing?brbrThe future is grim
Comment from : @taylorsessions4143

Hayek is the Tesla of Economics
Comment from : @davidhalligan1045

"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism - by vote It is merely the difference between murder and suicide" the Ayn Rand Lexicon
Comment from : @jamisonmaguire4398

Hayek FACT, only BILLIONAIRES know that chocolate covered pickles SUCK ! (Hey, buy my Tesla car ! I'm sure it won't suck right)
Comment from : @shodanxx

Poor sound volume and quality THUMBS DOWN
Comment from : @lorezyra

1:06 I really like the "chocolate covered pickle" My wife does not
Comment from : @Fromard

its coming boys good lawd
Comment from : @vincentvandyke2772

What if something is really important and necessary but no really profitable ?
Comment from : @weisenshi4556

I actually make chocolate pickle, it does not taste bad!
Comment from : @weisenshi4556

Hayek thinks that market signals are perfect? directly contradicting Minsky's theory of the inherent instabilities of the market
Comment from : @jackmorales2613

Didn't they do massive infrastructure projects with FDR's New Deal? Using chocolate covered pickles as an example is kind of reductive
Comment from : @MrEdHasibuan1996

Blame it on government Horse shit
Comment from : @shane4018

So, Hayek said we shouldn't be giving all these subsidies to big companies? It seems to me that whether you're a proponent of Hayek or Keynes, you should be voting Democrat if the economy is your main concern
Comment from : @PaulTheSkeptic

can you make the same video, but with transistors instead of chocolate covered pickles?
Comment from : @giatonpeonta8071

All you socialists and communists are pathetic
Comment from : @brandonrico9970

Given the huge amount of "deregulation" since the 80's, which was a result of "hands-off" government Now that's not worked out too well has it?brHuge wealth transfer, mega to big to fail banksbrEconomic offshoring resulting in a hollowing out of jobs and economic prosperity for mostbrFinancial services taking an ever larger share of the economy with all the funny money created with the credit explosion ( enabled by deregulation )
Comment from : @jameslovering9158

Alguem consegue traduzir para BR ??
Comment from : @RicardoSierrarj

change chocolate pickles to solar and that is how solyndra failed
Comment from : @zenscape4594

Aren't there ways of creating jobs without distorting prices Instead of giving subsidies, the government can invest in things we really need, like hospitals, roads, bridges, , energy, waterplants, sewages or public housing etc With this kind of plan, we can avoid a bust in the economy without distorting prices
Comment from : @loicklepine8490

And of governments didn't get involved, there would be no Internet Ahhh well, nothing like a little more propaganda from the Fraser Institute
Comment from : @blakedesaulniers9500

There are actually at least three fundamental parties in modern capitalist transactions, the consumer, the producer, and the investor The profit goals of the investor and the value goals of the consumer are fundamentally at odds Government acts as the forum for the transaction The produce and investor may be one in the same like a doctor with an independent practice who belatedly develops a cheap cure for all diseases and goes bankrupt facing no repeat customers but outstanding capital loans
Comment from : @G11713

what the video does not say(and please tell me, if i am wrong): brbrthere are subsidies wich are very important, like enviroment subsidies (like solarplants or windwheel or whatever); oil and gas is still cheaper, but the enviroment is getting destroyed - and we only have this planet wich means it is priceless i know it is a bit polemic, but i think you get the point, right?
Comment from : @karstenfliegt

Fuck off
Comment from : @timcuencaaarum2690

Believe it or not, "what consumers want" is a very malleable entity You might as well argue that advertising "distorts demand"
Comment from : @fredneecher1746

Interest rates and property/stock and bond prices
Comment from : @Playboysmurf1

That right there best describes what happen in 2007
Comment from : @josephorlando7108

That's great; but doesn't say anything about monetary supply or WHEN governments should act on the monetary supply because Hayek takes a "hands completely off" model; which ignores modern economics
Comment from : @quietthomas

Even in a simple explanation, it seems detrimental anyway
Comment from : @michaellochis6044

Good work!! These videos are excellent and a very good way to introduce the ideas of Hayek to the general public I am sending links to friends!
Comment from : @WPBruce

at 1:09brBut Brian's plan can someone spell the next word pls
Comment from : @brunovudulp

sad that it has so few views
Comment from : @brunovudulp

this is absolutely dumb, a government would never subsidy Chocolat covered pickles Hayek was an antidemocrat ("Personally I prefer a liberal dictatorship to democratic government devoid of liberalism") and Fraser institute is a neoliberal propaganda institute
Comment from : @KLuiz7