Can't seem to embed so:
http://www.southparkstudios.com/clips/222634
50ish second. Thinking outside of Keyensian and the recession, let's talk about fiat money vs commodity-backed money (gold standard). Fiat money, is literally valueless, it is a piece of paper. However, does that mean you won't accept a briefcase full of USD? No, because you know that somebody will exchange that useless piece of paper, for REAL goods and services. It is that "faith", that you will get something real by using money, that trade can occur. Without that "faith", then the fiat money truly becomes useless.
Another way of looking at that clip is that, if nobody buys anything, the economy collapses. Even though everyone is capable of producing something (their labor), if nobody demands that labor, then they won't offer their own. Trade collapses (trade being between firms and households). This is low consumer confidence. So this bull crap about "we have to endure it" or that somehow the recession is our actual production capability, is bull.
http://www.southparkstudios.com/clips/222629
Economic mashochists
http://www.southparkstudios.com/clips/222632
"Then perhaps soon someday our economy will return to us"
