In a time of universal deceit, telling the truth becomes a revolutionary act. George Orwell

30 January 2010

the RAP of BOOM & BUST

Econ-101 in 7 minutes

To understand the basic economic theories in play in you need to understand Keynes and Hyak.

In the next 7 minutes you will get the equivalent of Econ-101 and an understanding of why we are suffering through boom and bust cycles in our economy.

Credit: EconStories, John Papola & Russ Roberts

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