Keynsian economic analysts Ma and Pa Kettle explain the economic “bailout.” Note the advanced math and complex calculations which, even now, are being employed by other “economic experts” to prove the necessity of the actions being taken by Congress to “bailout” businesses and banks which should be allowed to fail because of their bad business practices.
The Austrian economist discussing the issue with them is obviously somewhat taken aback by the audacious and revolutionary approach being utilized by these Keynsian masterminds. Their complex mathematical gymnastics overwhelm the more straightforward approach of the Austrian economist.
Prepare for the next Great Depression which we’re pretty certain won’t be so great. (Give the video a minute or two to load. It’s big!)