“Boom Bust Boom” chastises economists, with some help from songs and puppets

(K. Brent Tomer),

TERRY JONES, of Monty Python fame, knows a thing or two about group-think. In “The Life of Brian”, one of the comedy group’s films in which the protagonist is mistaken for the messiah, the frustrated hero yells to a worshipful crowd: “you’re all different”. They dutifully respond in unison with: “yes, we are all different”. One dissident pipes up with “I’m not”, but is shushed. 

In the run-up to the financial crisis, the market was the messiah, and according to a new film by Mr Jones, economists were very naughty boys. “Boom Bust Boom”, which is available on streaming services and will be screened in cinemas across America and Britain, explores what went wrong in the run-up to the crash. One could reasonably ask whether we need yet another documentary on the topic. But Mr Jones valiantly adds sparkle and songs, a roster of hot-shot economists, and even a cameo from John Cusack, an actor.

In “The Big Short”, Margot Robbie, an actress, held viewers’ attention by explaining sub-prime mortgages while partially submerged in a…Continue reading

via K. Brent Tomer CFTC “Boom Bust Boom” chastises economists, with some help from songs and puppets

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