Ever wonder why every time there’s a bubble in the economy, nearly all market-watchers and economists seem to say, “Don’t worry about it, because This Time It’s Different”? Monty Python’s Terry Jones’s nifty new comedic documentary Boom Bust Boom tries to find out why.
My review of Boom Bust Boom, opening this week in quite limited release, is at Film Journal International:
Wearing the dashingly ironic grin of a BBC host who just can’t wait to let you in on a real cracker of a story, Terry Jones starts off his musical-theatre economics lecture by pointing to what he calls “the Achilles’ heel of the economy.” What he’s referring to is the fact that most economies are irregularly plagued by seemingly random and unpredictable crises. This is despite the fact that universities pump out a steady stream of newly minted economists who one would imagine would be able to focus their well-trained brains on preventing the next such crisis…
Here’s the trailer: