Sunday, February 12, 2012

The Trap (2007)

The Trap: What Happened to Our Dream of Freedom was a 2007 documentary by Adam Curtis. The series begins by examining game theory, Friedrich von Hayek and James M. Buchanan's theories about how individuals seeking their own self-interest do not lead to a downfall of a society.  The last episode ends with the differentiation between the two types of freedom that were establish in the American Revolution (negative freedom or freedom from) and French Revolution (positive freedom or freedom to).

The Trap - Part 1: F**k You, Buddy!

The Trap 2: The Lonely Robot

The Trap - Part 3: We Will Force You To Be Free

Saturday, February 11, 2012

John Law and the Mississippi Bubble (1979)

John Law was a proto-Keynesian monetary theorist from Scotland that inflated the money supply of France, which caused the Mississippi Bubble in 1720. The last three videos provide a historical perspective of John Law and the French Revolution that occurred some 70 years later.  Doug French in the last video wrote a book on this subject: Early Speculative Bubbles and Increases in the Supply of Money.

John Law and the Mississippi Bubble (1979)

Fiat Money Inflation in France: Part 1 - John Law

Fiat Money Inflation in France: Part 2 - Assignats

The Bubble Economy by Douglas French

French starts speaking about John Law around 11:00.  However, the segment before is worth watching.

Tuesday, February 7, 2012

The Power of Nightmares - BBC Documentary

Here is a three part documentary on the common intellectual origins of al-Qaeda and Neo-Conservatism.  The theme of the three parts is the same as the title The Power of Nightmares.  That is, the ability of influencing people with nightmares in the same manner as utopian demagogues influence through dreams.  These false enemies are nothing more than attempts to irradiate individualism and self-interest.

Part 1: Baby It's Cold Outside

Part 2: The Phantom Victory

Part 3: The Shadows in the Cave