Dark Wraith Video Lecture 2: The Equation of Exchange
Title: The Equation of Exchange
Album: Dark Wraith Video Lecture Series
Track: 02
Publisher: Dark Wraith Publishing
Duration: 0:39:40
Size: 184 Mb
This is a large flash video. If the movie keeps stopping and starting, when the video is playing, use the play button to stop the movie for a while. That will allow the file to buffer (that is, get lead time) onto your computer. You'll see this happening by watching where the white bar is on the playing timeline. The farther toward the end the white bar gets, the more lead time you've gotten buffered.
Depending upon the speed of your connection, if you are on DSL or cable modem, a few minutes should allow for more than enough buffer; if you are on dial-up Internet service, the movie may download about when Jesus returns.
Nevertheless, it is worth the wait.
The Dark Wraith encourages you to enjoy this highly informative lecture.
Comments
Wrote Progressive Traditionalist:
Wrote trog69:
I've got 6 doughnuts. How much monkey brains is that worth?
Hey, you got Monkey brains on my doughnut!"
Hey, you got doughnut on my monkey brains!"
Two great tastes that go great together; Lalala...
Shoulda got Phydeaux to play the pirate. He could do it without getting a rash.
Wrote BlondeSense:
Very creative DW. Good job!
Is that little girl who I think it is?
Wrote Moody Blue:
Verrry interesting. (LOL!)
Great class, Professor!
(Way lottsa MBs, though.)
Wrote Dark Wraith:
Good evening, Moody Blue.
If I get enough interest in my video lectures, I'm going to do an entire series in micro and macroeconomics, although I'm not sure an online audience would be prepared for what they were going to see.
This isn't your grandmother's economics, y'know.
The Dark Wraith strives to keep the class's attention.
Wrote Dark Wraith:
Good evening, BlondeSense.
Yes, the little girl is who you think she is.
An economist in training if ever there were one.
The Dark Wraith corrupts yet another generation.
Wrote Dark Wraith:
Good evening, trog.
I suppose Phydeaux would have made a good pirate, but I'm not sure he would have been up for that butt-kicking scene. Besides, he's probably figured out how to eat doughnuts through a thick beard, so I would have lost the comedic aspect (for which I hadn't planned since I usually do this with rubber chickens).
Needless to say, it worked out for the best. Using a kid for my first mate gave the class more of a stake in the outcome, which was pretty good: the long-run equilibrium output returned to its pre-injection level, and prices went up to reflect the excess money that had been put into the system.
All in all, it worked out for everyone. I got my doughnut, the first mate got her tropical juice, and my class learned about the equation of exchange.
The Dark Wraith, like a good pizzeria, once again delivers.
Wrote Dark Wraith:
Good evening, Progressive Traditionalist.
I might be able to do something with music and economics, although I'm afraid that the music my students listen to is, for the most part, already over-inflated with noise and crummy lyrics.
Come to think of it, though, that's been the case for about fifty years, now. Sometimes, I forget just how air-headed most of the music on albums has been in the modern era.
Too much music chasing too few good ideas (and too little actual talent).
Talk about inflation.
The Dark Wraith does, however, still listen to his Sinatra albums every once in a blue moon.
Wrote Peter of Lone Tree:
Note to the ACTRESS/"economist in training":
AFTRA NETWORK TV CODE
2007 - 2010 Rates
http://www.aftra.org/contract/07_10_Netcode_Rate_Sheet.pdf
Wrote Dark Wraith:
Grr.
Wrote Peter of Lone Tree:
(From the sidebar):
"One of (my former students), a lady in the financial services industry, sent me a nice e-mail message last week. In it, she told me about her bonus for the fiscal year that ended September 30. That bonus was more than twice what I make in a year as a college teacher." -- DW
Broken Securities Industry Still Has $20 Billion to Pay Bonuses:
"Five straight quarters of losses and a 70 percent slide in its stock this year haven't stopped Merrill Lynch & Co. from allocating about $6.7 billion to pay bonuses.
Goldman Sachs Group Inc. and Morgan Stanley, both still on track for profitable years, have set aside about $13 billion for bonuses after three quarters, down 28 percent from a year ago. Even some employees at Lehman Brothers Holdings Inc., which declared the biggest bankruptcy in U.S. history last month, will get the same bonus they received a year ago."
"Nothing succeeds like succes...er failure."
Wrote trog69:
That is just insane. Pushing paper with some numbers on it is regarded higher in utility(?) than a college professor who works diligently to really educate students, not just push the book and test the chapters? I'm torn with regards to the pay disparity between the president of a school and the football coach, but not on whether their pay should be based on how they compensate the actual assets, the instructors.
Peter, I hope that blurb is used to force those who voted yes on the bailout to answer for this. Those players in the default swaps and the bundlers themselves were in the know about the risks they were taking, and continued anyway. This is just robbery in broad daylight.
Wrote trog69:
Ted Stevens is going down,
going down,
going down.
Ted Stevens is going down,
My fair jury!
He's guilty-all seven counts,
seven counts,
seven counts!
He's guilty-all seven counts,
GO TO PRISON!
Bridge to Nowhere was a joke,
was a joke,
was a joke.
Bridge to Nowhere was a joke,
GOODBYE STEVENS! TaaaaDaaaaaa!
Wrote Progressive Traditionalist:
Good evening, Dark Wraith.
In the end, the stone head/Yes album island never did come to use the equation of exchange.
They instead formed a silent commune, where all of the stone heads conspicuously wore headphones.
Much more disconcerting is the case of the Immanuel Kant island.
On this island, the noted German philosopher was shipwrecked with his group. Unfortunately, the only thing that this group had to use as a means of exchange was the writings of Imannuel Kant.
Terribly, terribly unfortunate this was, as no one among them was able to tell when the writings of Imannuel Kant had lost their value.
The other side of the island is brimming over with Sublime Duhicis, but they, too, are unsure of the value of Kant.
So which is stickier, the Sublime Duhicis or the babbling Kant?
Wrote Dark Wraith:
I suffered through the philosopher's narrative,
Concerning the categorical imperative,
'Tis nothing I want,
Like a long-winded Kant,
When I feel like hearing the unbearative.
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Your host of this Weblog is an award-winning college teacher and writer who specializes in economics, finance, mathematics, business administration, computer hardware and software skills, and English grammar and composition. His extensive writings on the history of the English language appeared on About.com in the avatar of the Selig Wraith in the
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Good morning, Mr Wraith.
I'm trying to play this out, where one side of the island is filled with stone heads, and the other with Yes albums....