I've added a great video to the site here, with links to four more, which together provide a fascinating analysis explaining the European and global economic crisis in laymans terms - well worth a look!
I'm grateful to Robert Craven (of Directors' Club fame) for drawing my attention to these superbly illustrated videos from David McWilliams, one of Ireland's leading economic commentators. He was the first economist to see that the Irish boom was nothing more than a credit bubble, and one of the very few to accurately predict it would all end in a monumental crash with bank failures, negative equity, rising unemployment and emigration.
A popular author on the subject of economics, he has written four books including The Generation Game in 2007, which accurately predicted the Irish economic crash of 2008/9.
Enjoy!
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