Tuesday, January 1, 2019

"Explaining recessions via interpretive dance"

From the "Things you might not otherwise see on New Year's Day" file.

Via MarketWatch:
This is informative, if unusual, viewing: the causes of recession as explained through interpretive dance.
Economic historian John Steele Gordon narrates the discussion. It’s a good explanation, albeit low on details of what caused the last recession, namely the spread of toxic mortgages and the ensuing crumpling of the financial system....

I was a bit disappointed when I realized we wouldn't be watching Krugman and Mankiw and Nordhaus and the rest of the troupe but it sort of grows on you.