Comments on: “Business Syphillis” - Colbert debates himself on the causes of and the cure for America’s sick economy http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/ for students and teachers of AP and IB Economics Wed, 07 Jan 2009 04:31:07 +0000 http://wordpress.org/?v=2.7 hourly 1 By: kai dieter http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/comment-page-1/#comment-6337 kai dieter Thu, 23 Oct 2008 19:40:52 +0000 http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/#comment-6337 After hearing Mr. Hauet talk about this video in class the other day, pointing out the educational value it has, and it being amusing at the same time, I decided to watch it myself and get an impression of what "this guy debating himself about the financial crisis" would look like. Along with the others having left a comment here, I really enjoyed watching this explanatory video of the financial crisis, in which we find ourselves in right now. In my opinion, Colbert gave an excellent summary of what happened to create this crisis and what needs to be done to dispose of it, again. On top of that, it was quite funny. :) What makes me look interestidly into the future, is the question whether the (global) free market system will ever be the same to what it's been like, before the crisis. People believe that the free market is partially blamable for the crisis to have occured at all, and in this severity. So the question will be, if struck governments across the globe leave things as they were or put in some kind of controls, on banks for example, to prevent a major economic slowdown like this from happening again. The reason why governments might be tentative in establishing controls for the free market is, that it conflicts with the systems principles and could look like an outlawed socialistic action. After hearing Mr. Hauet talk about this video in class the other day, pointing out the educational value it has, and it being amusing at the same time, I decided to watch it myself and get an impression of what “this guy debating himself about the financial crisis” would look like. Along with the others having left a comment here, I really enjoyed watching this explanatory video of the financial crisis, in which we find ourselves in right now. In my opinion, Colbert gave an excellent summary of what happened to create this crisis and what needs to be done to dispose of it, again. On top of that, it was quite funny. :)
What makes me look interestidly into the future, is the question whether the (global) free market system will ever be the same to what it’s been like, before the crisis. People believe that the free market is partially blamable for the crisis to have occured at all, and in this severity. So the question will be, if struck governments across the globe leave things as they were or put in some kind of controls, on banks for example, to prevent a major economic slowdown like this from happening again. The reason why governments might be tentative in establishing controls for the free market is, that it conflicts with the systems principles and could look like an outlawed socialistic action.

]]> By: mike wilkes http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/comment-page-1/#comment-6323 mike wilkes Wed, 22 Oct 2008 13:37:28 +0000 http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/#comment-6323 This video made me lol :D. Its quite a different way to look at the "solution" which they have suggested. On the news i see all the time about how they are putting all this money in to fix the problem and i must admit i have just gobbled it up. I didn't even think about the fact "will it acctually work?". I am sure the people with the money have a much better understanding on the topic than i have, but this video has made me wonder if putting all this money back in the system will "cure" it, maybe it will help but to stop something happening like this i think protocols need to be rerote right from the beginning. I have to say though, great video it sure shed a new perspective on the topic for me. This video made me lol :D. Its quite a different way to look at the “solution” which they have suggested. On the news i see all the time about how they are putting all this money in to fix the problem and i must admit i have just gobbled it up. I didn’t even think about the fact “will it acctually work?”. I am sure the people with the money have a much better understanding on the topic than i have, but this video has made me wonder if putting all this money back in the system will “cure” it, maybe it will help but to stop something happening like this i think protocols need to be rerote right from the beginning. I have to say though, great video it sure shed a new perspective on the topic for me.

]]> By: Thibault De Keersmaecker http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/comment-page-1/#comment-6299 Thibault De Keersmaecker Tue, 21 Oct 2008 18:13:12 +0000 http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/#comment-6299 I really enjoyed this video, it was an entertaining clip about the crisis, which explained it more clearly to me by using a metaphor and such, but they still used the terms for people to understand. I knew about the crisis, and knew about some parts of them, but there were parts I simply didn't get. Although this movie is quite short, and does not go in that much detail, it explains the crisis really briefly, and quite well I think. I would recommend this video to anyone, it will definitely help understand the crisis, while having a good laugh. I really enjoyed this video, it was an entertaining clip about the crisis, which explained it more clearly to me by using a metaphor and such, but they still used the terms for people to understand. I knew about the crisis, and knew about some parts of them, but there were parts I simply didn’t get. Although this movie is quite short, and does not go in that much detail, it explains the crisis really briefly, and quite well I think. I would recommend this video to anyone, it will definitely help understand the crisis, while having a good laugh.

]]> By: Maren Rackebrandt http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/comment-page-1/#comment-6295 Maren Rackebrandt Tue, 21 Oct 2008 16:49:15 +0000 http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/#comment-6295 I really liked the video, because I think it's a funny way to learn about what's going on. Personally I knew that there was trouble with the banks in the United States, but I didn't know exactly what was going on and how much money was involved and is needed to fix the bank crisis. Also new to me was that this all happens because of the free market. And I think that many people think that the free market can fix itself. But that is not true and what I think was especially important in this video was that he pointed out that not only economists are involved. Everybody is involved who has any sum of money in a bank in the United States. Moreover I liked the comparison with the syphillis, because it underlines that what is happening right now spreads rapidly. I really liked the video, because I think it’s a funny way to learn about what’s going on. Personally I knew that there was trouble with the banks in the United States, but I didn’t know exactly what was going on and how much money was involved and is needed to fix the bank crisis. Also new to me was that this all happens because of the free market. And I think that many people think that the free market can fix itself. But that is not true and what I think was especially important in this video was that he pointed out that not only economists are involved. Everybody is involved who has any sum of money in a bank in the United States. Moreover I liked the comparison with the syphillis, because it underlines that what is happening right now spreads rapidly.

]]> By: jason welker http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/comment-page-1/#comment-6211 jason welker Fri, 17 Oct 2008 08:26:32 +0000 http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/#comment-6211 Mr. D. You're welcome! Thanks for reading and commenting! I understand why you may not want to direct your students to this video with parent teacher conferences right around the corner! Hopefully there are some posts you can have them reading! Thanks again for your comment! Jason Mr. D.

You’re welcome! Thanks for reading and commenting! I understand why you may not want to direct your students to this video with parent teacher conferences right around the corner! Hopefully there are some posts you can have them reading!

Thanks again for your comment!

Jason

]]> By: Mr. D http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/comment-page-1/#comment-6035 Mr. D Tue, 07 Oct 2008 02:57:58 +0000 http://welkerswikinomics.com/blog/2008/10/04/business-syphillis-colbert-debates-himself-on-the-causes-of-and-the-cure-for-americas-sick-economy/#comment-6035 Wow. This is outstanding. I usually try to catch this and the Daily Show, but I missed this episode. I'm sure my students would get a kick out of it too, but with Parent-Teacher conferences around the corner, I think I'll let them discover this gem on their own. My students have commented on the usefulness of your website several times now and I'm constantly referring to it while I teach. Thank you for such an excellent resource! Wow. This is outstanding. I usually try to catch this and the Daily Show, but I missed this episode. I’m sure my students would get a kick out of it too, but with Parent-Teacher conferences around the corner, I think I’ll let them discover this gem on their own. My students have commented on the usefulness of your website several times now and I’m constantly referring to it while I teach. Thank you for such an excellent resource!

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