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Author Topic:   Boom and bust economies - Presidential and Congressional influences
Percy
Member
Posts: 22480
From: New Hampshire
Joined: 12-23-2000
Member Rating: 4.8


Message 5 of 5 (868439)
12-12-2019 10:01 AM
Reply to: Message 2 by dwise1
12-10-2019 2:40 AM


Re: Boom Bust Boom
dwise1 writes:
Terry Jones of Monty Python did an excellent documentary on this topic in 2015: "Boom Bust Boom" (sorry, but when you search for it in your streaming device, that's what'll get you there). I saw it on NetFlix where, alas, it no longer is. But according to my RokuSearch it's available on Tubi (for free) as well as on Amazon Prime (with subscription) plus a few other channels for rent.
For those who've got Prime here's the link - if you're already signed in you'll go straight to the video (after an ad of course): Boom Bust Boom
It's an hour long, can't watch it right now.
The laws enacted to prevent economic disturbances are continuously lobbied against by the rich and get scrapped so they can take advantage of whatever holes are opened to benefit themselves at the ultimate cost to the economy. The busts don't hurt them because they've already got theirs, and they know they'll eventually erode and destroy any new laws enacted so they can repeat the cycle. The loss of Glass—Steagall was tragic.
--Percy

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