(IJCH) Video Recommendation: How to Understand the Stupidity of Economic Austerity

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IJCH - Inside JaiChai's Head
(Meaning: My Warped, Personal Opinions and Musings)

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From the Author:

Salutations.

I am JaiChai.

And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now.

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I invite you to interact with everyone, learn, and have as much fun as possible!

For my returning online friends, "It's always great to see you again!"

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Understanding the Stupidity of Economic Austerity

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The problem with wrapping your head around the Economic Austerity Paradigm is that economists tend to cloak their theories with intentionally vague language.

Additionally, complex systems are often broad stroked.

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They glaze over it on purpose - especially if any cursory examination of it instantly erodes the validity of their proposals; schemes that are vehemently supported (in paternal fashion, of course) by the rich and powerful

To remedy this a bit, I recommend the following video by Mark Blyth.

With sardonic humor, he presents an ever clearing picture of today's economic austerity in such an entertaining way that you laugh AND get educated on the sly.

Professor Blyth is not your typical Ivy League teacher.

He is Scottish, sounds like Shrek, is obviously very intelligent, AND has a stand-up comedy background!

Imagine that?

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So, without further adieu, here's the video.

"Mark Blyth: "Austerity - The History of a Dangerous Idea" | Talks at Google"

Parting Shot

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For more history about the manipulative eonomic practices by the elite throughout history, I strongly suggest viewing more of Mark Blyth's videos.

Such as this one:

"Austerity and the Politics of Money"

By JaiChai

May you and yours be well and love life today.

Namaste.

Really Appreciate You Stopping By.

Truly hope to see you again!

And if you liked my post, kindly Upvote, Comment, Follow, and Resteem.

About the Author

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Believing that school was too boring, he dropped out of High School early; only to earn an AA, BS and MBA in less than 4 years much later in life – while working full-time as a Navy/Marine Corps Medic.

In spite of a fear of heights and deep water, he performed high altitude, free-fall parachute jumps and hazardous diving ops in deep, open ocean water.

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After 24 years of active duty, he retired in Asia.

Since then, he's been a full-time, single papa and actively pursuing his varied passions (Writing, Disruptive Technology, Computer Science and Cryptocurrency - plus more hobbies too boring or bizarre for most folk).

He lives on an island paradise with his teenage daughter, longtime girlfriend and three dogs.

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(More articles by JaiChai can be found on the Busy.org website. Use this link to visit Busy.org. Better yet, come join the Busy.org community!)

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"My mind was a terrible thing to waste..." - JaiChai