How did economists get it so wrong (parody version)?

| 8 October 2009 16:30

Remember when Paul Krugman asked aloud “How Did Economists Get It So Wrong?” He had a very well-received answer.  But he left out something.

The elephant in the room was debt.  No one seems to have been noticing.

Below is a British video parody version asking economists and political leaders the same question (in a slightly more graphic version). Warning : this video is hilarious but graphic.  Don’t play it at work. I warn you.

Hat tip Yves Smith.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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