Boom Bust Boom (2016)

Simply Perfect

Simply A Masterpiece

Just perfect...

Good story, Not enough for a whole film

I found it pretty telling that all the people involved in this project could so easily—and condescendingly—criticize everyone involved (directly or indirectly) in various boom-bust cycles throughout history, but not one could provide a single alternate solution. Sure, some alluded to gauzy notions of a better way forward, but none were brave enough to provide even a single detail of their master plan.Another annoyance was the direct denunciation of capitalism and free markets, apparently because human nature doesn't produce perfect rationality 100% of the time. Well guess what, folks? You're stuck with us. No matter the system, as much as you want, you cannot remove humans from the equation.Yes, I could tell that many of the experts being interviewed wanted to propose some sort of utopian economic vision where all individual decision-making would be revoked by the state and replaced by the technocrats in charge (i.e. them), but none had the guts to say it.So what was the point of the film? It would've been one thing had Terry Jones, et al, simply wanted to convey how wacky boom-bust cycles can be in an informative and entertaining way. Or they could have stated that preventing financial crises was really hard, but thankfully "we have the solution." But all they did was repeatedly allude to a solution that was never offered. And that's because they don't actually have a solution. They simply wanted to demonize capitalism and the very concept of markets (imperfect, but undeniably superior to any other options). But that argument seemed to be based solely on the fact that these pesky, imperfect humans are involved. Which is just… weird.When the next bubble bursts it won't be because capitalism is evil. Enough people will have gotten greedy and made poor decisions (as they do), that the market will reset, and ultimately revalue the assets that have become overvalued. That's a market. And any self-professed expert with a PhD who claims he or she could have otherwise priced and maintained all assets perfectly from the start if only we had given them enough power is just a megalomaniac, and a fool.

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.

This was a pretty good retelling of the financial crisis and told it in an interesting way, which is sure to please regular folks who aren't all that into these matters.The illustrations were good, overall very nice production value.Bubbles are mentioned - by a dedicated song even (!). However, it is glaringly obvious that no views on the current bubble(s) we're in were allowed to be included in the final cut of the film.It would have been a lot better if they had gone into more detail on how the current state of the economy is far worse than the last financial crisis and what people can do to protect themselves.

Greetings again from the darkness. On the heels of Adam McKay's scathing and entertaining explanation of the 2008 financial collapse comes Terry Jones (of Monty Python fame) with a more global perspective of the same era. McKay's Oscar nominated The Big Short was designed to let us know who did what and why, while Jones' version applies a British spin and his wildly creative approach in breaking down the long-standing economic models that wreak havoc with our money.Jones has joined forces with Economics Professor Theo Kocken to school us on the "leftover" strategies and economic models used by Politicians and Bankers … models that assume the market (investors and institutions) will act rationally. Our education comes courtesy of a multi-media show featuring animation, puppets, music and expert interviews (economists, authors, academic leaders, and at least 3 Nobel Prize winners). According to the movie (and it's difficult to argue otherwise), human nature is the Achilles heel of Capitalism. In fact, they use the term euphoria to describe the phenomenon that occurs as "stable" economic times lead to more risk and more debt. Debt clearly is the most profound 4-letter word in economics. A film within the film … "Terry Jones' Short History of Financial Crisis" takes us back to the 1500's and through modern times, as the same mistakes recur. One of the more effective sequences shows State of the Union addresses from President Calvin Coolidge (1928) and President George W Bush (2006). Both speeches proclaim solid economies only 1-2 years prior to the two biggest collapses in U.S. history … just two extreme examples that the experts have no idea where the economy is headed as long as they continue to utilize the models that have proved to be ineffective.It's fascinating to get specifics on Hyman Minsky's "Financial Instability Hypothesis", as well as an explanation of the Neoclassical Economic Model (better known as the Free Market). Insight is provided by University of Texas Professor James Galbraith, son of famed economist John K Galbraith, and it's quite enlightening to hear Allan Greenspan (a long time believer in the Free Market system) admit to being wrong about expecting rational behavior from those in the market.The movie will forever act as a reminder for us to pinch ourselves should we think "this time is different". In fact there is a movement by Economics students to change the way Economics degrees and PhD programs are structured – more emphasis on learning from history, and re-thinking and re-designing economic models. The applicable websites are: http://www.rethinkeconomics.org/ http://www.ecnmy.org/