File[zeitgeist.swf] - (5.34 MB)
[_] [?] Anonymous 03/08/10(Mon)20:00 No.1202870
>> [_] Anonymous 03/08/10(Mon)20:55 No.1202913
good clip man
>> [_] Anonymous 03/08/10(Mon)21:41 No.1202951
As an Econ student, it's delightful to see how people choose to misinterpret things. Not that
they're wrong entirely, mind you, but denouncing the money multiplier effect? Feh.
Keynesian economics is crap, but the consensus model is slow and unpopular. And why am I
bothering to mention all this on /f/ anyway? Nobody reads these.
>> [_] Anonymous 03/08/10(Mon)22:54 No.1203011
>>1202951
i read it but i dont pretend to understand it
>> [_] Anonymous 03/08/10(Mon)23:13 No.1203028
Keynesian economics may be crap, but the status quo of boom and bust isn't any better
>> [_] Anonymous 03/08/10(Mon)23:14 No.1203029
>>1203011
The money multiplier effect is shown in this flash as the creation of false money, where
9,000,000,000 turns into far, far more. You can rationalize this as being bad, or you can realize
this means that the central bank can expand and contract the money supply without printing
billions in new dollars, simply by requiring banks hold onto a certain amount of their money.
So, Bank #1 has $9,000 for simplicity's sake, if it only has to hold 10% of that in the actual
vault ($900), it can loan out $8,100 to people or Banks #2. If #2 loans to another bank, the
money gets passed down the line, "creating" money along the way. Since you've created more money,
there is more available for people to buy stuff, which means (presumably) more jobs in making
those goods.
>> [_] Anonymous 03/08/10(Mon)23:17 No.1203032
That's the good side, the bad side is when people lose faith in the market and want their $9000
dollars back, those banks only have 900 available to give. This, among other things, is Keynesian
economics backed by a Central Bank.
Now, the Consensus model basically boils down to forcing people to not spend money they do not
have; this puts the brakes on a lot of spending, and counteracts pretty much most of the
consumerism culture we have as Americans. However, it's backed by actual budgeted money
available, not "created" money backed by faith.
>> [_] Anonymous 03/08/10(Mon)23:21 No.1203035
This is all an over-simplified interpretation, granted. There is a lot more at stake than just
these elements, but without actually biting the bullet and watching all of Zeitgeist and its
successor, I'll offer no further commentary on this flash.
>> [_] Anonymous 03/08/10(Mon)23:32 No.1203045
I look at it this way, These Zeitgeist fucks bawww about people who game the system by creating a
fortune out of nothing. Me, instead of cursing the system, I want to find a way to create my own
hack, and game the system too
>> [_] Anonymous 03/08/10(Mon)23:36 No.1203046
>>1203045
Congratulations, you're a capitalist.
And god bless ya for it. Learn about arbitrage and basic economics if you haven't already and
prosper, good sir.
>> [_] Anonymous 03/09/10(Tue)00:45 No.1203098
Does /f/ really have nothing better to talk about than these ZGM faggots?
