So just three days into this series on movies and TV shows that show valid economic principles here at the Conservative New Ager and the guys over at Breitbart.com run ‘SPONGEBOB’ CRITIQUES WELFARE STATE, EMBRACES SELF-SUFFICIENCY. Stop stealing my ideas Breitbart.com, you can’t just rely on me to keep giving you good stuff.
Well we here at the Conservative New Ager can play the children’s cartoon and economics game too. And the cartoons I pick are better.
As surprising as it may seem the show Ducktales actually understood economics fairly well…at least better than anyone in Washington D.C.
This isn’t just because one character happens to be a billionaire who prides himself on being a self-made man (duck?). But even just understanding the virtue of earning one’s way…no the cartoon actually understood inflation better than anyone at the FED.
Take a look. (Cartoons may not be your thing, but it’s only 5 minutes and it does show that everyone in D.C. is an idiot).
“That’s exactly what I’m afraid of: easy money. I don’t trust any dollar that I haven’t earned.”—Scrooge McDuck
So regrettably, even though my entire generation was given a lesson in the fact that you can’t print money without it causing inflation, no one seems to have learned this very important lesson.
(Or worse they’ve been idiotic Austrians who think that shiny metals are somehow not fiat money and also missed the more complicated point that the money supply has to grow with the economy).
And while I probably could find a few more good economic lessons in the show if I had time enough (and didn’t mind my brain turning to mush and seeping out of my ears) but I think the most important lesson (and the one I specifically remembered after all these years) is that you can’t just print money without it having massive negative consequences.
That’s right, even the writers at Disney know that Paul Krugman is a blithering idiot who is a detriment to human society.