A good explanation that even George W. Bush should be able to grasp, but -1 star because I've always hated Duck Tales.
This is an inadequate parable for what is going on. A better one would be if they just printed money for themselves and it didn't duplicate for everyone else.
Then, they could basically be as rich and reckless as they wanted to be with their money, while the citizens of Duckburg's money becomes worth less and less.
3:53 is the sad truth.
|Mayberry Pancakes |
Five stars for the ridiculousness of it. Yes, the evil fed has destroyed everything, and it has nothing to do with cost-push inflation (rising gas prices) and demand pull inflation (demand for resources rising in the rest of the world, massive amounts of government spending, war, mortgage crisis sucking up dollars and credit and increasing risk in the markets, making money more attractive).
All those factors increase the demand for money, which is why the Fed has to lower interest rates.
I've gotta go ahead and say fiat currency is pretty much an eventual bad ending no matter how you go about it, unless you want to say...intentionally devalue the shit in order to make yourself more competitive on the export side.
Also, foreign exchange markets, which everyone has to play with under global capitalism, are zero sum games. Someone is always going to be left holding the bag.
|Rodents of Unusual Size |
Regardless of how much this compares with modern issues, you have to give them credit for actually trying to teach kids about financial concepts through a cartoon.
They also did a really cool episode where they went to paradise and ruined it because they valued bottle caps (something rare and never seen before) which then filled the entire valley, as inflation grew so did the number of bottle caps needed. This show was filled with economic metaphors now that I think about it. They did a few episodes where they talked about liquid and frozen assets.
Then there was the episode where Scrooge says, "I like to keep my assets liquid," so Fenton dumps his entire fortune in a lake.
Scrooge McDuck stories are brimming with economic parables. Entire books have been written about how he embodies the concept of the noble capitalist.
|Goofy Gorilla |
"The Land of Tra-La-La" was obviously the more apt episode to use.
|Caminante Nocturno |
4 stars because Ducktales was a pretty good show, but I didn't appreciate the jackass who kept interrupting everything.
I love how Fenton, a professional accountant, has to have the concept of inflation explained to him.
This cartoon is awesome even when crazy libertarians miss the point of an episode.
|The Mothership |
I just went to submit this, and wasn't all that surprised to find it already here.
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