FORECASTING THE ECONOMY: Keynesian Economics vs. Austrian Economics – [VIDEO]

The 2 videos are designed to convince you that the Austrians’- economic predictions are more accurate.

The first video has an intro in French, sorry for that, but the rest of the video is in English (with French subtitles).

Keynesians’- forecasts (featuring Ben Bernanke and Paul Krugman) vs. Austrians’- forecasts (featuring Ron Paul and Peter Schiff):

Peter Schiff on Max Keisers The Oracle

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With this 6th episode, The Oracle is finally out of beta. The show is now well structured.

It is both informative and entertaining —-and it has rhythm and style.

  • The TV show has 3 parts, as you all know, and each of these 3 parts focuses on one single issue. Excellent.
  • The interview of the main guest (this time, Peter Schiff) is well conducted and long enough so we can capture many insights —-not just snippets.
  • The main guest is now a person of global stature —-as opposed to the French, German and Arab guests (with strong foreign accents) we had to endure in the previous episodes.
  • Stacy Herbert (”-The Queen Of Facts”-) has finally been tamed. It was about time. (Women.) She now focuses on one single issue, introducing the issue of each of the 3 parts of the show.
  • Her “-headlines”- are now usable —-they are now well readable on the TV screen. (She puts black headlines on a white screen, whereas The McLaughlin Group would rather put white headlines on a black screen. Both techniques are usable. It is a question of taste.)
  • She gave us a very good chart in part one. I want her to show one chart in each of the 3 segments of the show. I WANT CHARTS, STACY.
  • I never met Max Keiser in person. He was described to me as a friendly, low-key fella. But as soon as the red light flashes on the camera, he becomes another man —-a funny, sometimes hilarious, financial animal, who immediately becomes the center of the attention. There is that expression in English that sums it up: ‘-he is stealing the show’-, literally. He expresses his contrarian arguments in a Daffy Duck-like voice, with some kind of exuberant body language rarely seen on TV —-the fella is a spectacle by himself.
  • I hope that The Oracle (the disco machine that beams out the predictions) will be re-introduced in the show. It was a good gimmick.
  • I also hope they will feature prediction market charts, later on. :-D
  • Overall, the show is a very good piece of infotainment. I never quite saw this on TV before. There is the hilarity, but there is also the seriousness of dealing with the global banking, financial and economic crisis —-quite not a laughing matter in the first place. Quite a mix.

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Enough blogging.

Now, watch the show. :-D

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