To honor the passing of the great Terry Jones, a comedic troubadour of some renown, let us take a moment to consider the glory that he brought to the character of one Sir Belvedere:
For something completely different, look for Jones’ highly underrated documentary Boom Bust Boom, a fantastic study of the history of economic catastrophe and irrational exuberance. Paul Krugman plus puppets. My review is here, and you should be able to find it streaming.
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.
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…