Friday, November 6, 2009
Scrooge McDuck against the FED
They don't make shows like this anymore. This gem from the early 1990's will bring back a lot of memories for those born in the 80's yet consider themselves children of the 90's. It is interesting that even though the show officially ended on November 28, 1990 (I was only 2-years old), I was watching this on syndicated television in the mid-1990's. In fact, according to Wikipedia, this was the first Disney show to become syndicated. TV.com reports differently; they say the show ended on March 11, 1990. Either way, I was still two and too young to remember its original broadcast. I was also into other Disney Classics, such as Darkwing Duck, Tale Spin, Goof Troop, and Chip and Dale's Rescue Rangers.
Those were the days, and if I had time to watch them now (or finish all those Playstation One RPG's: Legend of Legaia, Xenogears, Legend of Dragoon) I would. But times are different now and I live according to that famous Pauline saying, "When I was a child, I talked like a child, I thought like a child, I reasoned like a child. When I became a man, I put childish ways behind me." Leaving behind the things of our past is a necessary part of becoming an adult; but man, were those days fun!
But why DuckTales? Why put this on a blog about economics and politics? It makes sense. Scrooge McDuck was a very learned businessman and he knows something about basic economics that Ben Bernanke either doesn't know (which would be an embarrassment) or ignores. In this video Scrooge says, "I never trust a dollar I didn't work for." Our government can learn a lot from ol' Scrooge. After all, he was the richest duck in Duckberg.
Watch this video to see how easy it is to understand how increasing the money supply causes inflation. See, I told you DuckTales was a gem packed with serious educational minerals. They don't make shows like this anymore.
Remember the theme song:
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I love duck tails lol...scrooge had a point thoughReplyDelete
Lol...yea make sure you check out the link with Ben Bernanke as well getting questioned by Ron Paul on the definition of inflation.ReplyDelete
Oh, the theme song is cool as well lol
DuckTales - what an awesome show.ReplyDelete
The hyperinflation episode the video you have included here is named Dough Ray Me. There is actually another episode of DuckTales about hyperinflation titled The Land of Tra-la-la. In that episode, bottle caps become the natives currency but it is ruined with oversupply and they have hyperinflation. You can find the full shows for both episodes within my article here: http://soyouthinkyoucaninvest.blogspot.com/2009/12/ducktales-of-hyperinflation.html