Boom Bust Boom

Okay, so we know why the 2008 financial crisis occurred. Basically western economies grew at 3% but investments grew at 6%, creating a bubble. As the bubble hit its natural peak, financial institutions and government institutions basically kept the process going, as they always do.

But this documentary says the economists don't understand this. They also say that they don't predict bubbles, despite the fact that economists know exactly how to predict bubbles.

The take one out of date and somewhat discredited economist from the 1950s, Minsky, who argues for regulation over free market principles, despite the fact that we know that regulated economies are far less stable than free market economies.

They even say that economics at university doesn't teach you how to manage the economy. Which is true, as most economics graduates just do basic financial calculations in businesses. You know, working out how much it is feasible to borrow for a business, how to manage business risk and so on, and not on how to manage a countries economy.

Basically they set up a strawman who doesn't get a right of reply to their BS. Their whole argument is that the current financial system is not perfect, therefore we need a new one. They talk vaguely about Minsky and regulation, but don't propose an alternative solution.

Basically pathetic, and a waste your time. The first paragraph of this review contains more information about the 2008 financial crisis than the entire hour and 10 minutes of this rubbish.

I don't know anything about economics but I found this program very interesting and definitely entertaining! At times if I stopped paying attention I got slightly lost, but it explained things in multiple ways to make it easier to understand. The funny clips from movies and cartoons were great and well-placed to highlight what was being talked about.

It was an enjoyable hour but by no means was it groundbreaking. For someone who is not intimately acquainted with economics Boom Bust Boom could be an enjoyable lighthearted crash course in the 2008 recession and a few other basic economic theories/concepts. For economists and anyone studying economics, such as myself, the film is lacking any kind of in depth discussion of the finer details relating to the 2008 recession and does not really tell you anything that you do not already know about the recession and the field of economics. It relies almost entirely on quotes and discussion by some notable, and some not notable, economists and academics. I can only recall a few actual data points being used, such as the size of the government bailouts paid to failing banks. So, Boom Bust Boom should not be taken as a serious economic analysis, it gives you the quick and dirty outline of the 2008 recession and the crisis tendency of capitalism but does not go much further.

The movie is perfect at its intended purpose. I'm not doing this as an economist but considering that economists have watched ships fall off the edge of the earth I'm not sure that would be helpful. Towards the ending I find the best tool by finding a very useful group or think tank to follow. In fact I will follow many people in this movie. I found it obvious the 2008 crash was going to happen. I tried to convince my spouse to sell our house but he didn't understand what we would do. I said we're gonna buy the house back or another one in a few months because obviously the markets about to crash. Humans act like humans. Silly economics where you listen to experts talk about jibber and jabber while they make money no matter what happens is ridiculous economics. Economics and all that stuff is generally just the science of how to rip people off who can be taken advantage of. It's no different than any other scam system. People in the government, people outside the government, people in banks, people who are smart realize that there's a big pyramid scheme going on and they just play along and get out on time if they can. If I could've seen it anybody could've seen it. I think it's funny that some people put that their review contain spoilers. All the spoilers are in the news and on the Internet. This is a movie about what happens in the economy and what happened in the economy and what will happen again in the economy.

This is a serious overview of economic crashes & bubbles with a focus towards the 2008 crash. A lot of history is presented as almost every crash including the most recent was history & people repeating the same actions. Primarily is interviews with various economists both alive & (using puppets) dead. A few clips from movies & TV plus new animation injecting humor.

This documentary is targeted towards the average person for whom economic history and specifically the causes of the 2008 crash is all new. Otherwise, this is slightly entertaining to watch but will not be very informative.

This is well put together. It would have been nice to get deeper into the topics but I am not the target audience. But if you are, then I recommend watching.