Video: Digging a hole

Posted by: Phineas on July 27, 2011 at 6:02 pm

**Posted by Phineas

Here’s another finalist in the Power Line contest. This one’s much more somber than the first two, but very effective:

Well done.

Although I’m trying to think of, as the video asserts, great nations brought to ruin by debt. The British Empire after the World Wars? But they had also suffered generational casualties. Europe overall, with the rise of social democracy?

Any other suggestions?

(Crossposted at Public Secrets)

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One Response to “Video: Digging a hole”

Comments

  1. John says:

    Great Britain is certainly one. France had periodic debt issues, usually followed by pogroms against the Jews who were the lenders since they had no religious problems concerning usury. The Soviet System collapsed along the lines of a devaluation crisis that would have involved debt in any other system. Latin America has a long history of defaulting on debt and hyper-inflation due to rampant devaluation. I think Brazil hit 1600% inflation at one point.