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Videos uploaded by user “MrTugwit”
Quantitative Easing and Unemployment
 
06:46
The Free Enterprise Cartoon Bears discuss quantitative easing and unemployment. The Maynard Keynes and the Ben Bernanke, take some heat. Bernanke said unemployment was one of his reasons to use quantitative easing (inflation). He has not explained how or why it should work now, when it didn't work in the 1970's, when both inflation and unemployment went up. The "sticky wages" of the Maynard Keynes do not address the real problem, which is decreased purchasing power, caused by the huge household debt of about $14 Trillion' plus the huge national debt of about $14 Trillion. Made with Xtrnormal Movie Maker. *** 1) Stagflation, 1970s Style http://www.investopedia.com/articles/economics/08/1970-stagflation.asp 2) Sticky Wages, Sticky Prices and the Keynesians 12-15-10 http://economix.blogs.nytimes.com/2010/12/15/sticky-wages-sticky-prices-and-the-keynesians/?src=busln 3) Household Sector: Liabilites: Household Credit Market Debt Outstanding (CMDEBT) http://research.stlouisfed.org/fred2/series/CMDEBT 4) Federal Government Debt: Total Public Debt (GFDEBTN) http://research.stlouisfed.org/fred2/series/GFDEBTN 5) Bernanke vs. Sticky Wages http://www.dailyreckoning.com.au/bernanke-vs-sticky-wages/2011/04/16/ 6) The General Theory of Employment, Interest and Money John Maynard Keynes (1936) http://www.marxists.org/reference/subject/economics/keynes/general-theory/ Chapter 17 has some sticky wages stuff: "Thus those reformers, who look for a remedy by creating artificial carrying-costs for money ... have been on the right track; and the practical value of their proposals deserves consideration. ... I conclude, therefore, that the commodity, in terms of which wages are expected to be most sticky, cannot be one whose elasticity of production is not least, and for which the excess of carrying-costs over liquidity-premium is not least. In other words, the expectation of a relative stickiness of wages in terms of money is a corollary of the excess of liquidity-premium over carrying-costs being greater for money than for any other asset. ... Thus the characteristic that money cannot be readily produced by labour gives at once some prima facie presumption for the view that its own-rate of interest will be relatively reluctant to fall; whereas if money could be grown like a crop or manufactured like a motor-car, depressions would be avoided or mitigated ... Unemployment develops, that is to say, because people want the moon; — men cannot be employed when the object of desire (i.e. money) is something which cannot be produced and the demand for which cannot be readily choked off. There is no remedy but to persuade the public that green cheese is practically the same thing and to have a green cheese factory (i.e. a central bank) under public control."] Some Great Depression references: - The Politically Incorrect Guide to the Great Depression and the New Deal by Robert Murphy - FDR's Folly by Jim Powell - Rethinking the Great Depression by Gene Smiley - The Forgotten Man by Amity Schlaes
Views: 12788 MrTugwit
Quantitative Easing Explained TARP "Success"
 
08:55
How TARP really became a "success", because of quantitative easing (inflation) and the Big Bright Green Money Machine. Discussed by Tugwit's Free Enterprise Cartoon Bears. 1) From Bubble to Depression? By Steven Gjerstad and Vernon L. Smith 4-6-09 http://online.wsj.com/article/SB123897612802791281.html The authors point out that in 1983 the Bureau of Labor and Statistics changed from using home ownership costs ( price ) to rental equivalence ( rent ) in computing the Consumer Price Index. This had no untoward effect for a while because the price/rent ratio remained about 20 until the bubble period from 1999 to 2006 when it went to 32. So ... "If home-ownership costs were included in the CPI, inflation would have been 6.2% instead of 3.3%." "With nominal interest rates around 6% and inflation around 6%, the real interest rate was near zero, so household borrowing took off. As measured by the Case-Shiller 10 city index, the accumulated inflation in home-ownership costs between January 1999 and June 2006 was 151%, but the CPI measured a mere 23% increase." "As the Federal Reserve monitored inflation in the early part of this decade, home-price increases were no longer visible in the CPI, so the lax monetary policy continued. Even after the Fed began to slowly raise the fed-funds rate in May 2004, the average rate remained low and the bubble continued to inflate for two more years." (2) 2) U. S. House Prices vs. Owner-Equivalent Rent (The second graph on this page shows the house prices vs. the rental equvalence. Greenspan was following the straight purple line, and did not see the housing bubble.) http://mysite.verizon.net/vzeqrguz/housingbubble/ 3) US Beats Street TARP Profit Totals a Sweet $25.2 Billion 10-21-10 http://www.nypost.com/p/news/business/us_beats_street_mAXnoMeDhbQgAWomyuJX1H?CMP=OTC-rss&FEEDNAME= 4) Wall Street Bailout Returns 8.2% Profit Beating Treasury Bonds 10-20-10 http://www.bloomberg.com/news/2010-10-20/bailout-of-wall-street-returns-8-2-profit-to-taxpayers-beating-treasuries.html 5) Median and Average Sales Prices of New Homes Sold in United States http://www.census.gov/const/uspricemon.pdf $250,000 6) Credit Easing Policy Tools http://www.clevelandfed.org/research/data/credit_easing/index.cfm This one thanks to HciSteve: 7) Here's How The Community Reinvestment Act Led To The Housing Bubble's Lax Lending by Jim Carney 6-27-09 http://www.businessinsider.com/the-cra-debate-a-users-guide-2009-6 8) Conn Carroll: Facts show Fannie, Freddie led mortgage market to the collapse http://washingtonexaminer.com/opinion/columnists/2011/11/conn-carroll-facts-show-fannie-freddie-led-mortgage-market-collapse 9) How bank bailouts destabilize our economy 11-28-11 http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/how-bank-bailouts-destabilize-our-economy 10) Why the Left Is Losing the Argument over the Financial Crisis 12-27-11 http://american.com/archive/2011/december/why-the-left-is-losing-the-argument-over-the-financial-crisis "there were approximately 28 million subprime and Alt-A loans outstanding on June 30, 2008 ... with a value of approximately $4.8 trillion. This was half of all mortgages in the United States. Of these loans, over 74 percent were on the books of U.S. government agencies and firms subject to government housing finance policies." 11) Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts http://www.silverbearcafe.com/private/10.11/gaoaudit.html 12) GAO: Banks Paying Back TARP with Federal Money 3-9-12 http://www.foxbusiness.com/industries/2012/03/09/gao-banks-paying-back-tarp-with-federal-money/
Views: 12733 MrTugwit
Quantitative Easing and Deflation
 
05:00
The Free Enterprise Cartoon Bears discuss whether the market or the Ben Bernanke should handle prices. Made with Xtranormal Movie Maker. 1) The Politically Incorrect Guide to the Great Depression and the New Deal, by Robert P. Murphy, Ph.D., Chapter 3 2) Bernanke at the Creation 6-24-09 http://online.wsj.com/article/SB124572415681540109.html 3) The Bernanke Record 12-4-09 http://online.wsj.com/article/SB10001424052748704107104574572160340353006.html 4) Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) http://research.stlouisfed.org/fred2/series/CPIAUCSL
Views: 3968 MrTugwit
Ask Bunker Bear: Emergency Alert System
 
05:56
The unconstitutional Emergency Alert System is discussed by the Free Enterprise Cartoon Bears. Made with Xtranormal State desktop application. *** 1) Justice Department Proposes Letting Government Deny Existence of Sensitive Documents 10-26-11 http://www.foxnews.com/politics/2011/10/26/justice-department-proposes-letting-government-deny-existence-sensitive/ 2) Justice Dept. proposes lying, hiding existence of records under new FOIA rule, 10-24-11 http://dailycaller.com/2011/10/24/justice-dept-proposes-lying-hiding-existence-of-records-under-new-foia-rule/ 3) On FOIA, Obama wants a license to lie, 10-30-11 http://washingtonexaminer.com/opinion/editorials/2011/10/foia-obama-wants-license-lie 4) Nationwide EAS Test coming on Nov. 9 10-24-11 http://www.11alive.com/news/article/210250/40/Nationwide-EAS-Test-coming-on-Nov-9 5) Nationwide EAS Test http://www.fema.gov/emergency/ipaws/eas_info.shtm 6) Executive Order 13407—Public Alert and Warning System, 6-26-06 http://www.gpo.gov/fdsys/pkg/WCPD-2006-07-03/pdf/WCPD-2006-07-03-Pg1226.pdf 7) Beck: EAS Test Allows Feds to 'Seize Control' of Communications, 10-25-11 http://www.infowars.com/beck-eas-test-allows-feds-to-seize-control-of-communications/ 8) Timeline for the day of the September 11 attacks http://en.wikipedia.org/wiki/Timeline_for_the_day_of_the_September_11_attacks 9) Obama grants DHS power to takeover commercial, private communications in emergency http://dailycaller.com/2012/07/11/homeland-security-gains-more-power-through-new-obama-executive-order/
Views: 2193 MrTugwit
Quantitative Easing Visualized
 
07:30
An Xtranormal video, with a visual explanation of the mechanism of quantitative easing (inflation). 1) Federal Reserve Fed Fund Rates http://research.stlouisfed.org/fred2/series/FEDFUNDS 2) Civilian Unemployment Rate http://research.stlouisfed.org/fred2/series/UNRATE
Views: 7149 MrTugwit
Hitler informed: Keynesian Fiscal Multiplier Mathematically Illegal
 
03:50
Hitler learns that the fiscal multiplier illegally moves addition from last place to first place in the math order of operations, Three Stooges Math. I've debunked the whole fiscal "multiplier" scam at Tugwit.blogspot.com . Film clip from "Downfall" or "Untergang" by Constantin Films. *** 1) Keynes and the Totalitarian State http://archive.mises.org/7285/keynes-and-the-totalitarian-state/ "In the preface to the German edition [of his General Theory], Keynes boasted that his theory was particularly well suited for totalitarian regimes and lamented that it was less fit for the conditions prevailing in freer societies." On p. xxvi of his Collected Writings Keynes writes: "Nevertheless the theory of output as a whole, which is what the following book [Keynes' "General Theory of Employment, Interest, and Money"] purports to provide, is much more easily adapted to the conditions of a totalitarian state, than is the theory of production and distribution of a given output produced under conditions of free competition and a large measure of laissez-faire."
Views: 1762 MrTugwit
Hitler Informed of Economic Chaos Theory
 
02:23
Hitler is informed that the Free Enterprise Cartoon Bears have invoked Chaos to trash his mathematical economic models. Film clip from "Downfall" or "Untergang", by Constantin Films. *** 1) Predictably Unpredictable, The Hidden Forces that Shape Our Decisions by Dan Ariely, Harper 2009 2) What Are the Odds? Chance in Everyday Life by Mike Orkin, W. H. Freeman and Co., 2000 3) The Drunkard's Walk, How Randomness Rules Our Lives, by Leonard Mlodinow, Vintage Books, 2008 4) How We Know What Isn't So, The Fallibility of Human Reason in Everyday Life, by Thomas Gilovich, The Free Press, 1991 5) 7. Chaos Theory for Beginners http://www.abarim-publications.com/ChaosTheoryIntroduction.html "The Uncertainty Principle prohibits accuracy. Therefore, the initial situation of a complex system can not be accurately determined, and the evolution of a complex system can therefore not be accurately predicted. " 6) About Chaos http://www.physicscentral.com/explore/action/chaos-1.cfm "The only way to tackle this kind of problem is by a series of iterations—calculate the gravitational forces, let the objects move for a short time under these forces, then recalculate the forces based on the objects' new positions, etc. Even without a computer, Poincaré could see that the resulting orbits were aperiodic and wildly disordered. Moreover he discovered that a small change in the initial conditions—the initial positions and velocities of the three objects—produced a huge change in the orbits. This important observation was to lie fallow for eighty years, awaiting the development of chaos theory." 7) Lorenz Solver http://www.me.vt.edu/chaos/lorenz.html [Java: select alt t button, and change a value] 8) Chaos Theory: A Brief Introduction http://www.imho.com/grae/chaos/chaos.html "An employee of IBM, Benoit Mandelbrot was a mathematician studying this self-similarity. One of the areas he was studying was cotton price fluctuations. No matter how the data on cotton prices was analyzed, the results did not fit the normal distribution." 9) Does God Play Dice (US Edition): The Mathematics of Chaos, by Neil Stewart, Wiley, 1991
Views: 1846 MrTugwit
Ask Bunker Bear: 1937-1938 Depression within the Depression
 
05:22
Bunker Bear, one of the Free Enterprise Cartoon Bears, gives his take on President Obama's explanation for the 1937 to 1938 Depression within the Great Depression. Made with Xtranormal State desktop app. *** 1) Obama: FDR Was 'Fiscally Conservative'Monday, July 25, 2011  http://www.cnsnews.com/news/article/obama-fdr-was-fiscally-conservative 2) Obama: FDR Was 'Fiscally Conservative' http://www.youtube.com/watch?v=eXfOrOQi8d4&feature=player_embedded 3) United States House of Representatives elections, 1938 http://en.wikipedia.org/wiki/United_States_House_of_Representatives_elections,_1938 4) United States Senate elections, 1938 http://en.wikipedia.org/wiki/United_States_Senate_elections,_1938 Reps gained 7, Dems lost 6 5) "The Forgotten Man" by Amity Schlaes 6) "Rethinking the Great Depression" by Gene Smiley 7) "The Politically Incorrect Guide to the Great Depression and the New Deal" by Robert P. Murphy PhD 8) "New Deal or Raw Deal" by Burton Folsom 9) "FDR's Folly" by Jim Powell 10) New Deal policies and the persistence of the Great Depression: a general equilibrium analysis - Federal Reserve Bank of Minneapolis http://econpapers.repec.org/paper/fipfedmwp/597.htm 11) Obama: FDR Was 'Fiscally Conservative' http://www.youtube.com/watch?v=eXfOrOQi8d4&feature=player_embedded
Views: 1174 MrTugwit
Ask Bunker Bear: Operation Twist or Twits?
 
04:27
Bunker Bear's gives his reasons, why he thinks Operation Twist will not stimulate the economy. Bunker Bear is one of the Free Enterprise Cartoon Bears. Made with Xtranormal State desktop app.
Views: 772 MrTugwit
Ask Bunker Bear: Debt Ceiling
 
04:02
Bunker Bear, one of the Free Enterprise Cartoon Bears, gives his take on raising the debt limit. Made with Xtranormal State desktop app.
Views: 1104 MrTugwit
Bernanke's Law vs. Murphy's Law
 
04:07
Bernanke's Law: "Nothing can possibly go wrong." vs Murphy's Law. Bunker Bear salutes Jackass Ben Bernanke. Made with Xtranormal State Desktop app, and Sony Vegas. *** 1) St. Louis Adjusted Monetary Base (BASE) http://research.stlouisfed.org/fred2/series/BASE 2) Bernanke: In His Own Words http://www.sanders.senate.gov/newsroom/news/?id=4bcd2f9a-8eed-4cd6-b9b5-8fb554d11844 3) Alternate Inflation Charts http://www.shadowstats.com/alternate_data/inflation-charts 4) Current Inflation Rate http://inflationdata.com/inflation/inflation_rate/currentinflation.asp
Views: 282 MrTugwit
Hitler Informed Cartoon Bears Destroyed the Keynesian Multipliers
 
03:17
Hitler Hears that the Free Enterprise Cartoon Bears have destroyed the Keynesian Multipliers, the Consumption Function, and the Keynesian Cross. For full debunking of Keynesian fiscal mulitpliers, see Fiscal Multiplier Debunked on http://tugwit.blogspot.com. Bunker Bear debunks the multipliers in the referenced videos listed below. Scene from Downfall by Constantin Films. Used for parody and criticism of Keynesian economics. *** 1) Keynes: John Maynard Keynes deserves a webpage of his own http://econ161.berkeley.edu/economists/keynes.html "But this long run is a misleading guide to current affairs. In the long run we are all dead." [An easy way for Keynesians to avoid the consequences of their jackass policies. Notice that this is from a Berkeley site ;) ] 2) Introduction by Paul Krugman to The General Theory of Employment, Interest, and Money, by John Maynard Keynes http://www.pkarchive.org/economy/GeneralTheoryKeynesIntro.html "The giant public works program that restored full employment, otherwise known as the Second World War, was launched for reasons unrelated to macroeconomic theory. But Keynesian theory explained why war spending did what it did, and helped governments ensure that the postwar world didn't slip back into depression." [Absolute nonsense. After WW2 the New Deal was largely gone. FDR's War on Business was over. That's what improved the economy. And you might ask Krugman, why didn't Bush's deficit spending and wars in Afghanistan and Iraq keep us out of a recession. Krugman is as big a jackass as the Ben Bernank ;)] 3) Keynes' Big Con, Fiscal Multiplier Debunked http://youtu.be/22SBeaQ1bkk 4) Fiscal Multiplier Debunked (Government Spending Multiplier: 1/(1-b) ) http://youtu.be/dA5vhqJ6AA8 5) Tax Cut Multiplier Debunked http://youtu.be/LqO4guOSkhs 6) Balanced Budget Multiplier Debunked http://youtu.be/0KSLPvIiJFo 7) Proportional Tax Multiplier Debunked: 1/(1-b(1-t)) http://youtu.be/RUmhdPfPT2k
Views: 4868 MrTugwit
Ask Bunker Bear: Paul Krugman and Space Alien Invasion
 
03:01
Bunker Bear's take on the exchange between Fareed Zakaria and Paul Krugman, where Krugman said that the threat of a space alien invasion would be good for the economy. Bunker Bear is one of the Free Enterprise Cartoon Bears. Made with Xtranormal State desktop app. *** 1) Paul The Brain Dead Krugman's Nobel Prize Winning Idea to spur Economic Growth http://www.youtube.com/watch?v=Rq7HLERNUSw
Views: 1014 MrTugwit
Pt 1: Cartoon Bears Interview Bernanke
 
07:12
The Free Enterprise Cartoon Bears follow up on Bernanke's 60 Minutes Infomercial for the Federal Reserve. Made with Xtranormal Movie Maker. *** 1) Fed Chairman Bernanke On The Economy, Part One 12-5-10 http://www.cbsnews.com/video/watch/?id=7120553n 2) Interview with Federal Reserve Chairman Ben Bernanke, Overtime 12-5-10 http://www.cbsnews.com/8301-504803_162-20024635-10391709.html?tag=contentMain;contentBody 3) Chairman Ben S. Bernanke Interview with 60 Minutes 12-5-10 http://www.federalreserve.gov/newsevents/other/8C08D2A8D8194E868683EE3C103ED2CF.htm 4) Transcript: Ben Bernanke on 60 Minutes -- 12-5-10 http://www.clipsandcomment.com/2010/12/06/transcript-ben-bernanke-on-60-minutes-december-5-2010/ 5) Bernanke: In His Own Words http://sanders.senate.gov/newsroom/news/?id=4bcd2f9a-8eed-4cd6-b9b5-8fb554d11844 6) The Bernanke Record 12-4-09 http://online.wsj.com/article/SB10001424052748704107104574572160340353006.html 7) Bernanke at the Creation 6-24-09 http://online.wsj.com/article/SB124572415681540109.html 8) Ben Bernanke's blunders 1-27-09 http://network.nationalpost.com/np/blogs/fpcomment/archive/2009/01/27/ben-bernanke-s-blunders.aspx 9) Bernanke cannot recognize the Fed's mistakes 1-10-10 http://www.commodityonline.com/news/Bernanke-cannot-recognize-the-Feds-mistakes-24604-3-1.html 10) It's Time for Ben Bernanke to Resign 1-26-10 http://www.realclearmarkets.com/articles/2010/01/26/its_time_for_ben_bernanke_to_resign_97608.html 11) Bernanke to Repeat Japan's Mistakes 10-13-10 http://www.minyanville.com/businessmarkets/articles/japan-economy-lost-decade-bernanke-bank/10/13/2010/id/30530 12) America will survive the errors of Ben Bernanke's trigger-happy Federal Reserve 11-7-10 http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8115903/America-will-survive-the-errors-of-Ben-Bernankes-trigger-happy-Federal-Reserve.html 13) St. Louis Adjusted Monetary Base (AMBNS) http://research.stlouisfed.org/fred2/series/AMBNS 14) Effective Federal Funds Rate (FEDFUNDS) http://research.stlouisfed.org/fred2/series/FEDFUNDS
Views: 8649 MrTugwit
Liberal Progressives Flunk Economics Poll
 
06:26
The Free Enterprise Cartoon Bears discuss a poll of basic economic knowledge. Made with Xtranormal State. The questions were, do you agree or disagree: 1. Restrictions on housing development make housing less affordable. 2. Mandatory licensing of professional services increases the prices of those services. 3. Overall, the standard of living is higher today than it was 30 years ago. 4. Rent control leads to housing shortages. 5. A company with the largest market share is a monopoly. 6. Third-world workers working for American companies overseas are being exploited. 7. Free trade leads to unemployment. 8. Minimum wage laws raise unemployment. ***** 1) Economic Enlightenment in Relation to College-going, Ideology, and Other Variables: A Zogby Survey of Americans by Zelika Buturovic and Daniel B. Klein http://econjwatch.org/articles/economic-enlightenment-in-relation-to-college-going-ideology-and-other-variables-a-zogby-survey-of-americans 2) Obama's Capital Gains Tax "Fairness" http://www.youtube.com/watch?v=c4iy2OfScQE 3) Pelosi: Unemployment Checks Serve As "Job Creator" http://www.youtube.com/watch?v=cAhmYKlsWW4 4) President Obama on what extending unemployment insurance means for all of us http://www.youtube.com/watch?v=r1XPrWbloLg 5) Pelosi Says It's Not About the Money, It's About Morality 3-17-11 http://www.urbanskishow.com/b/Pelosi-Says-Its-Not-About-the-Money,-Its-About-Morality/-418409768464811550.html 6) Alice in Liberal Land 11-22-11 http://washingtonexaminer.com/opinion/columnists/2011/11/alice-liberal-land
Views: 1559 MrTugwit
Pt 2: Cartoon Bears Interview Bernanke
 
06:24
The Free Enterprise Cartoon Bears follow up on Bernanke's 60 Minutes Infomercial for the Federal Reserve., and ask more questions not asked by 60 Minutes. Made with Xtranormal Movie Maker. *** 1) Fed Chairman Bernanke On The Economy, Part One 12-5-10 http://www.cbsnews.com/video/watch/?id=7120553n 2) Interview with Federal Reserve Chairman Ben Bernanke, Overtime 12-5-10 http://www.cbsnews.com/8301-504803_162-20024635-10391709.html?tag=contentMain;contentBody 3) Chairman Ben S. Bernanke Interview with 60 Minutes 12-5-10 http://www.federalreserve.gov/newsevents/other/8C08D2A8D8194E868683EE3C103ED2CF.htm 4) Transcript: Ben Bernanke on 60 Minutes -- 12-5-10 http://www.clipsandcomment.com/2010/12/06/transcript-ben-bernanke-on-60-minutes-december-5-2010/ 5) Bernanke: In His Own Words http://sanders.senate.gov/newsroom/news/?id=4bcd2f9a-8eed-4cd6-b9b5-8fb554d11844 6) The Bernanke Record 12-4-09 http://online.wsj.com/article/SB10001424052748704107104574572160340353006.html 7) Bernanke at the Creation 6-24-09 http://online.wsj.com/article/SB124572415681540109.html 8) Ben Bernanke's blunders 1-27-09 http://network.nationalpost.com/np/blogs/fpcomment/archive/2009/01/27/ben-bernanke-s-blunders.aspx 9) Bernanke cannot recognize the Fed's mistakes 1-10-10 http://www.commodityonline.com/news/Bernanke-cannot-recognize-the-Feds-mistakes-24604-3-1.html 10) It's Time for Ben Bernanke to Resign 1-26-10 http://www.realclearmarkets.com/articles/2010/01/26/its_time_for_ben_bernanke_to_resign_97608.html 11) Bernanke to Repeat Japan's Mistakes 10-13-10 http://www.minyanville.com/businessmarkets/articles/japan-economy-lost-decade-bernanke-bank/10/13/2010/id/30530 12) America will survive the errors of Ben Bernanke's trigger-happy Federal Reserve 11-7-10 http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8115903/America-will-survive-the-errors-of-Ben-Bernankes-trigger-happy-Federal-Reserve.html 13) St. Louis Adjusted Monetary Base (AMBNS) http://research.stlouisfed.org/fred2/series/AMBNS 14) Effective Federal Funds Rate (FEDFUNDS) http://research.stlouisfed.org/fred2/series/FEDFUNDS
Views: 3116 MrTugwit
Hitler Debunks Fiscal, Tax Cut, and Balanced Budget Multipliers
 
02:13
Hitler debunks the multipliers for government spending, tax cuts, and balanced budget. The Keynesian fiscal multipliers are completely debunked at Tugwit.blogspot.com. Made with Anime Studio Pro 8, and Sony Movie Studio.
Views: 280 MrTugwit
Saving Function and Dissaving Debunked - Fiscal Multiplier Debunked
 
02:15
The saving function actually says saving equals itself, and autonomous consumption must be zero. Economists also say that disposable income consist of consumption plus savings, debunking their own fiscal multiplier, in which they do not count savings as income.
Views: 38 MrTugwit
Investment Multiplier Math Debunked - Fiscal Multiplier Debunked
 
02:28
I expose and debunk Keynes' investment multiplier's deceptive and illegal math, and show ways to defeat the scam.
Views: 69 MrTugwit
Consumption Function Debunked - Fiscal Multiplier Debunked
 
01:34
Economists claim their consumption function uses the marginal propensity to consume. I show that it must be the average propensity to consume, so their consumption function actually only says that consumption equals itself.
Views: 23 MrTugwit
NSA Phones Bunker Bear: Drones
 
02:40
The National Security Agency phones Bunker Bear about an attempted theft of his car. Made with Xtranormal State desktop app and Sony Vegas.
Views: 242 MrTugwit
Ask Bunker Bear: Economic and Market Chaos
 
05:40
Bunker Bear's take on recent economic and market instability. BB says that the instability is mostly due to government Meatheads jacking around with the dollar and with regulations, triggering the Chaos from Chaos Theory. He says that Chaos and irrational economic behavior make math models of the economy unreliable. Bunker Bear is one of the Free Enterprise Cartoon Bears. Made with Xtranormal State desktop app. *** 1) Predictably Unpredictable, The Hidden Forces that Shape Our Decisions by Dan Ariely, Harper 2009 2) What Are the Odds? Chance in Everyday Life by Mike Orkin, W. H. Freeman and Co., 2000 3) The Drunkard's Walk, How Randomness Rules Our Lives, by Leonard Mlodinow, Vintage Books, 2008 4) How We Know What Isn't So, The Fallibility of Human Reason in Everyday Life, by Thomas Gilovich, The Free Press, 1991 5) 7. Chaos Theory for Beginners http://www.abarim-publications.com/ChaosTheoryIntroduction.html "The Uncertainty Principle prohibits accuracy. Therefore, the initial situation of a complex system can not be accurately determined, and the evolution of a complex system can therefore not be accurately predicted. " 6) About Chaos http://www.physicscentral.com/explore/action/chaos-1.cfm "The only way to tackle this kind of problem is by a series of iterations—calculate the gravitational forces, let the objects move for a short time under these forces, then recalculate the forces based on the objects' new positions, etc. Even without a computer, Poincaré could see that the resulting orbits were aperiodic and wildly disordered. Moreover he discovered that a small change in the initial conditions—the initial positions and velocities of the three objects—produced a huge change in the orbits. This important observation was to lie fallow for eighty years, awaiting the development of chaos theory." 7) Lorenz Solver http://www.me.vt.edu/chaos/lorenz.html [Java: select alt t button, and change a value] 8) Chaos Theory: A Brief Introduction http://www.imho.com/grae/chaos/chaos.html "An employee of IBM, Benoit Mandelbrot was a mathematician studying this self-similarity. One of the areas he was studying was cotton price fluctuations. No matter how the data on cotton prices was analyzed, the results did not fit the normal distribution." 9) Does God Play Dice (US Edition): The Mathematics of Chaos, by Neil Stewart, Wiley, 1991 10) The Soothsayers of Macroeconometrics 9-19-11 http://american.com/archive/2011/september/the-soothsayers-of-macroeconometrics 11) Bad Numbers or Could-Be-Better Data? 10-16-09 http://www.foxbusiness.com/story/markets/upcoming-1162126734/ "In my current job," Krueger told NABE, "I have been constantly surprised at how little quantitative information can be brought to bear on fundamental policy questions...in part, this reflects... the fact that existing data are not useable or sufficiently detailed, or that relevant data simply do not exist." 12) From Bubble to Depression? 4-6-09 http://online.wsj.com/article/SB123897612802791281.html "If home-ownership costs were included in the CPI, inflation would have been 6.2% instead of 3.3%." "With nominal interest rates around 6% and inflation around 6%, the real interest rate was near zero, so household borrowing took off. As measured by the Case-Shiller 10 city index, the accumulated inflation in home-ownership costs between January 1999 and June 2006 was 151%, but the CPI measured a mere 23% increase." "As the Federal Reserve monitored inflation in the early part of this decade, home-price increases were no longer visible in the CPI, so the lax monetary policy continued. Even after the Fed began to slowly raise the fed-funds rate in May 2004, the average rate remained low and the bubble continued to inflate for two more years." (2)
Views: 2120 MrTugwit
Hitler: Debt Ceiling Raised
 
00:34
Hitler is informed that Washington raised the debt ceiling. He predicts default on the national debt with inflation, causing stagflation, and a power grab by the politicians ... who raised the debt ceiling. Film clip from "Downfall" or "Untergang" by Constantin Films.
Views: 525 MrTugwit
Bunker Bear: Obamacare Supreme Court Case
 
06:28
Bunker Bear discusses the Obamacare case, including the shift to the "necessary and proper" clause. Part of the Ask Bunker Bear series. Made with Xtranormal State desktop application. *** 1) Health care challengers offer hypothetical mandates 3-16-12 http://www.usatoday.com/news/washington/story/2012-03-15/health-care-law-challenge/53555546/1?csp=YahooModule_News 2) Obama shifts healthcare defense 3-15-12 http://thehill.com/blogs/healthwatch/health-reform-implementation/216361-obama-shifts-healthcare-defense 3) CBO: Obama's budget adds $6.4 trillion to deficits 3-16-12 http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/cbo-obamas-budget-adds-64-trillion-deficits/431561
Views: 1205 MrTugwit
New Hampshire Welcomes Voter Fraud!
 
04:49
Voting in New Hampshire in the name of a dead person is easy! Take a trip to New Hampshire this year and vote! Rock the Zombie vote! Starring the Free Enterprise Cartoon Bears. Made with Xtranomal State desktop application. *** Watch James O'Keefe's video: 1) Dead People Receive Ballots in NH Primary http://www.youtube.com/watch?v=9-uVhhIlPk0 2) VIDEO: NH poll workers shown handing out ballots in dead peoples' names 1-11-12 http://dailycaller.com/2012/01/11/video-nh-poll-workers-shown-handing-out-ballots-in-dead-peoples-names/ 3) Would-be dead man voter stopped at polls 1-11-12 http://www.bostonherald.com/news/us_politics/view/20220110fraudulent_voter_stopped_in_nh/ 4) Project Veritas stings New Hampshire Voter ID-less laws 1-11-12 http://www.redstate.com/moe_lane/2012/01/11/project-veritas-stings-new-hampshire-voter-id-less-laws/ 5) Voter ID https://www.youtube.com/watch?v=TE_GNVAJZWM
Views: 1050 MrTugwit
Obama on the Cover of the Rolling Stone
 
02:16
An Xtranormal video where President Obama explains how he got his picture on the cover of Rolling Stone magazine so many times.
Views: 773 MrTugwit
HItler does the Volvo VanDamme Epic Split
 
00:50
This is a re-upload of this video, with Wagner's "Ride of the Valkyries" removed. YouTube provided that music in it's Creation Tools, said it could be used in videos, and then objected to it's use in my video :D Made with Anime Studio Pro 8, Sony Movie Studio 10, and Magix Music Maker 10.
Views: 410 MrTugwit
Keynesian Cross Debunked - Fiscal Multiplier Debunked
 
03:31
Economists use rise and run deltas to make the average propensity to consume, appear to be the marginal propensity to consume. The Keynesian Cross graph is nonsense.
Views: 35 MrTugwit
Free Stuff, Stimulus, Crowding Out
 
08:44
Uncle Sam and Debbie discuss how government spending provides free stuff for society. Debbie doesn't like the mechanism, and isn't buying the stimulus crap, because of the crowding out of the private sector. A cartoon bear makes a cameo. Made with Xtranormal State. I forgot to mention that when income tax is included, Joe Public actually has to pay to work for Uncle Scam. *** 1) Government Spending Is No Free Lunch Robert J. Barrow 1-22-09 http://online.wsj.com/article/SB123258618204604599.html 2) Obama Stimulus 12 Times More Than Great Depression 4-21-09 http://www.cbsnews.com/8301-503983_162-4958555-503983.html 3) The Debt to the Penny and Who Holds It http://www.treasurydirect.gov/NP/BPDLogin?application=np 4) Federal Government Debt: Total Public Debt (GFDEBTN) http://research.stlouisfed.org/fred2/series/GFDEBTN
Views: 574 MrTugwit
Quantitative Easing, Let It Be
 
04:51
An a cappella version of the Beatles' "Let It Be", about fiat (let it be) money, from the Free Enterprise Cartoon Bears. Made with Xtranormal State.
Views: 1232 MrTugwit
Can Hitler Ski Jump?
 
01:03
Hitler claims to be an expert ski jumper. Clip from "Untergang" or "Downfall" by Constantin Films
Views: 2010 MrTugwit
Hitler Informed Bears Will Attack Keynesian Multiplier
 
00:40
Hitler is informed that the Free Enterprise Cartoon Bears are planning an attack on the Keynesian income or fiscal multiplier, the basis of government deficit spending and fiscal policy. Scene from Downfall by Constantin films. Created with Windows Movie Maker and Xtranormal State desktop app.
Views: 717 MrTugwit
Hitler Debunks Keynesian Cross, Fiscal Multiplier, Macroeconomics
 
04:12
Cartoon Hitler debunks the absurd Keynesian Cross, and a Keynesian sleight of hand with the "marginal propensity to consume". This video is in response to: "Economics 1 - Lecture 17: Aggregate Expenditure & Equili" by UCBerkeley, www.youtube.com/watch?v=VGB5H7ss4Vs starting at about 20 minutes into the video. I completely debunk the fiscal "multiplier" at Tugwit.blogspot.com Made with Anime Studio Pro 8, and Sony Vegas Movie Studio.
Views: 1112 MrTugwit
Help Those Who Think Taxes are Too Low
 
02:49
The Free Enterprise Cartoon Bears have found a web site, pay.gov, for people who think taxes are too low. At this site they can donate money to reduce the national debt. Tell your Liberal, Progressive, and Democrat friends about this. ***** 1) Pay.gov https://www.pay.gov/paygov/homepage.html?nc=1301509010448 2) Gifts to Reduce the Public Debt https://www.pay.gov/paygov/forms/formInstance.html?agencyFormId=23779454 3) Paying America's Debt, With Your AmEx 6-3-10 http://www.newsweek.com/2010/06/03/treasury-now-accepts-credit-card-donations-to-help-pay-the-national-debt.html 4) The US Government Will Kindly Accept Any and All Donations 2-27-11 http://www.davemanuel.com/2011/02/27/284-million-was-donated-to-the-us-government-in-2010-to-help-reduce-the-public-debt-load/ 5) Patriotic millionaires' demand higher taxes, but unwilling to pay up, 11-17-11 http://dailycaller.com/2011/11/17/patriotic-millionaires-demand-higher-taxes-but-unwilling-to-pay-up-video/ 6) 'Patriotic millionaires' demand higher taxes, but unwilling to pay up http://www.youtube.com/watch?v=fTaeJ5RMHzU
Views: 488 MrTugwit
Investment Function Debunked - Fiscal Multiplier Debunked
 
03:19
Point to point differences along lines on a graph, may or may not represent change/increments. Economists use the ambiguity to make it appear that they are using change and increments, when in fact they are not. --- 1) Aggregate Expenditure Model: https://ctaar.rutgers.edu/gag/NOTES/macnotes6.html 2) Nouriel Roubini and David Backus Lectures in Macroeconomics Chapter 9. The IS/LM Model http://people.stern.nyu.edu/nroubini/NOTES/CHAP9.HTM
Views: 35 MrTugwit
Cartoon Bears: Someone To Watch Over Me
 
02:56
The Free Enterprise Cartoon Bears make fun of the generation which has been trained to be dependent on politician and bureaucrat central planners. It's actually a duet, to be sung in counterpoint, but the bears do not sing. Made with Xtranormal Text to Movie
Views: 1248 MrTugwit
Obama's Charge of the Debt Brigade
 
03:27
A poem on how Obama led 312 congressional Democrats on the wild Charge of the Debt Brigade, increasing the national debt $3 Trillion in 20 months, and breaking debt ceiling. Based on the poem "Charge of the Light Brigade" by Alfred Lord Tennyson. About how the mighty Obama and 300 Democrats broke the debt ceiling. Made with Xtranormal Movie Maker. *** The Daily History of the Debt Results http://www.treasurydirect.gov/NP/NPGateway
Views: 2258 MrTugwit
Arrest the Fed
 
01:08
The Free Enterprise Cartoon Bears discuss a case where a man was recently convicted of undermining the currency, and wonder when the Fed and the Ben Bernanke will be arrested. Made with Xtranormal State. ***** 1) Starting a New Currency is "Domestic Terrorism"? http://stossel.blogs.foxbusiness.com/2011/03/22/starting-a-new-currency-is-%E2%80%9Cdomestic-terrorism%E2%80%9D/ or http://www.foxbusiness.com/on-air/stossel/blog/2011/03/22/starting-a-new-currency-is-%E2%80%9Cdomestic-terrorism%E2%80%9D#ixzz1NNG6bIuj
Views: 914 MrTugwit
Bunker Bear Phones the NSA: E-mails
 
01:53
Bunker Bear uses the National Security Agency to find a lost recipe for cookies. Made with Xtranormal State desktop app, and Sony Vegas.
Views: 271 MrTugwit
The Inflatus
 
06:22
The Free Enterprise Cartoon Bears discuss the Inflatus ( aka inflation, quantitative easing, monetary masturbation, Bernake panky). Made with Xtranormal State. ********* 1) Fed Sees Gains, Keeps Eye on Inflation 3-16-11 http://online.wsj.com/article/SB10001424052748704662604576202681739169992.html?mod=WSJ_myyahoo_module 2) Big jump in wholesale food costs 3-16-11 http://blogs.desmoinesregister.com/dmr/index.php/2011/03/16/big-jump-in-wholesale-food-costs/ 3) Once Again, 'Core' Inflation Numbers Don't Paint Full Picture 3-16-11 http://www.cnbc.com/id/42111948 4) Producer Price Index News Release text 3-16-11 http://www.bls.gov/news.release/ppi.nr0.htm 5) Consumer prices rise 0.5 pct., most since June '09 3-17-11 http://news.yahoo.com/s/ap/20110317/ap_on_bi_ge/us_consumer_prices 6) Consumers Can Predict Inflation As Well As Professional Economists 8-26-08 http://www.sciencedaily.com/releases/2008/08/080825175007.htm 7) Tsunamis are Not Stimulus http://dailycaller.com/2011/03/11/tsunamis-are-not-stimulus/ 8) Bernanke Defends Fed Policies 2-18-11 http://online.wsj.com/article/SB10001424052748704900004576151871430430538.html?mod=WSJ_myyahoo_module "Federal Reserve Chairman Ben Bernanke offered his most pointed rebuttal yet on Friday to foreign critics who say the U.S. central bank's easy-money policies are causing inflation and asset bubbles abroad." 9) Running for the Exits 3-22-11 http://www.nationalreview.com/articles/262688/running-exits-jim-lacey 10) No, disasters like Japan's earthquake are not good for the economy 3-23-11 http://washingtonexaminer.com/opinion/columnists/2011/03/no-disasters-japans-earthquake-are-not-good-economy
Views: 1262 MrTugwit
Iowa Caucus 2012: Certified Incompetence
 
04:48
The Bears discover that the weak link in the Iowa Caucuses is what party officials do, after the voting is done. *** 1) Iowa caucus count unresolved 1-19-12 http://www.usatoday.com/news/politics/story/2012-01-19/iowa-caucus-count/52662346/1?csp=YahooModule_News
Views: 159 MrTugwit
Janet Yellen Explains Federal Reserve's Dual Mandate
 
02:37
Wall Street and Press Corps react to Janet Yellen's explanation of the Federal Reserve's dual mandate. The Federal Reserve officially got it's "dual mandate" of stable prices and full employment, in the Humphrey-Hawkins Law of 1978. The Fed has actually been interfering with the price system, and not letting prices fall, since the 1920's. Inflation from The Fed, kept prices rising throughout the 1920's. "Suffice it to say here that the stability of prices in the 1920's was the result of monetary inflation, offset by increased productivity which lowered production costs and increased the supply of goods." - Murray Rothbard, in "America's Great Depression" So The Fed increased the cost of living, and the inflation helped cause the stock market bubble, the Crash of 1929, and the Great Depression. In the 1920's The Fed was also working against the American people, by inflating the American dollar, to help England by stabilizing the price of the English pound. Herbert Hoover loved price stability, even as it trashed the economy. John Maynard Keynes said inflation would cure unemployment, by increasing the cost of living, to reducing real wages. The stagflation of the 1970's and 1980's, proved that inflation doesn't cure unemployment. It still doesn't. "By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes That's what The Fed does. Made with Anime Studio Pro 8, and Vegas Movie Studio 10 --- 1) The Federal Reserve's Dual Mandate http://www.chicagofed.org/webpages/publications/speeches/our_dual_mandate.cfm [pics of fed reserve assets and liabilities] 2) Index of The General Price Level for United States (1860 to 1939) http://research.stlouisfed.org/fred2/series/M04051USM324NNBR 3) If You Want To Know The Real Rate Of Inflation, Don't Bother With The CPI 2-3-14 http://www.forbes.com/sites/perianneboring/2014/02/03/if-you-want-to-know-the-real-rate-of-inflation-dont-bother-with-the-cpi/ 4) Alternate Inflation Charts http://www.shadowstats.com/alternate_data/inflation-charts 5) Gross Domestic Product (GDP) Graph http://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm 6) Andrew Huszar: Confessions of a Quantitative Easer http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884 "We went on a bond-buying spree that was supposed to help Main Street. Instead, it was a feast for Wall Street." 7) Measuring Inflation: How Government has Changed the Yardstick http://www.cornerstonewm.com/downloads/measuring-inflation.pdf 8) Is the Market Bubble About to Burst?, 9-28-14 http://finance.yahoo.com/news/market-bubble-burst-093000133.html "We know things are approaching the danger zone because we have price-to-earnings valuations at levels that have only been exceeded in 1929, 2000 and 2007."
Views: 605 MrTugwit
The Save Barack Obama's Job Act. Pres Obama Weekly Address
 
04:33
President Obama explains his new bill to save his job. Made with Xtranormal State. *** "This Jobs Bill Cuts Taxes For Every Small Business Owner In America" Pres Obama Weekly Address http://www.youtube.com/watch?v=HkAZH12lf1c
Views: 430 MrTugwit
White House Foreclosed
 
02:33
HItler discovers that the White House has been foreclosed. The Free Enterprise Cartoon Bears make a raid. Made with Xtranormal State. Clip from "Untergang" or "Downfall" by Constantin Films.
Views: 589 MrTugwit
American Government Outsourced to India
 
01:54
Hitler rants when he finds that the American federal government has been outsourced to India. The Free Enterprise Cartoon Bears are defended. Video done using Xtranormal State, and a film clip from "Untergan" or "Downfall", by Constantin Films.
Views: 1390 MrTugwit
Bunker Bear: OWS Piven's Surge from the Bottom
 
02:50
Have Piven's Brown Shorts replaced Hitler's Brown Shirts? Bunker Bear discusses Francis Fox Piven's call for a "surge from the bottom" of Occupy Wall Street. Bunker Bear is one of the Free Enterprise Cartoon Bears. Made with Xtranormal State desktop application. *** 1) OWS.wmv http://www.youtube.com/watch?v=toYsXNJvaOM 2) Footage shows OWS protesters dumping fecal matter, urine around NYC http://dailycaller.com/2012/03/22/footage-shows-ows-protesters-dumping-fecal-matter-urine-around-nyc/ 3) The Occupy Spring: Frances Fox Piven http://www.youtube.com/watch?v=0w7Mucji0JY 4) Stinking up Wall Street: Protesters accused of living in filth as shocking pictures show one demonstrator defecating on a POLICE CAR  http://www.dailymail.co.uk/news/article-2046586/Occupy-Wall-Street-Shocking-photos-protester-defecating-POLICE-CAR.html 5) Francis Fox Piven's Violent Agenda 1-23-11 http://www.nationalreview.com/articles/257733/frances-fox-piven-s-violent-agenda-stanley-kurtz
Views: 378 MrTugwit
Senate Rejects Jobs Bill, Obama Weekly Address 10-14-11
 
03:59
Obama on the rejection of his "jobs" bill by the U.S. Senate. Made with Xtranormal State desktop app. *** 1) Obama Won't Wait For Congress to Act on Jobs 10-11-11 http://abcnews.go.com/blogs/politics/2011/10/obama-wont-wait-for-congress-to-act-on-jobs/
Views: 227 MrTugwit
MrTugwit's Channel Trailer
 
00:35
Bunker Bear introduces MrTugwit's Channel. Made with Xtranormal State desktop app.
Views: 587 MrTugwit
Obama: You Got Me Babe
 
04:31
And Xtranormal video where George Bush advises President Obama on his image. Obama explains that "You Got Me Babe". "Berry: Obama said "big difference" between '10 and '94 is "me" http://www.politico.com/blogs/glennthrush/0110/Berry_Obama_said_big_difference_between_10_and_94_is_me.html "Berry recounted meetings with White House officials, reminiscent of some during the Clinton days, where he and others urged them not to force Blue Dogs "off into that swamp" of supporting bills that would be unpopular with voters back home. "I've been doing that with this White House, and they just don't seem to give it any credibility at all," Berry said. "They just kept telling us how good it was going to be. The president himself, when that was brought up in one group, said, 'Well, the big difference here and in '94 was you've got me.' We're going to see how much difference that makes now." "
Views: 768 MrTugwit
Hitler Plans Defense Against Cartoon Bears
 
00:53
Hitler plans his defense against the Free Enterprise Cartoon Bears' attack on the Keynesian multipliers. Scene from Downfall by Constantin Films. Made with Windows Movie Maker. Cartoon Bears image from XtraNormal State.
Views: 548 MrTugwit