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Thursday, January 2, 2014

Video: Debt Ceiling Simulation




I have created a video on Youtube of what happens if a debt limit is enforced in a modern economy (spoiler: bad things). It is based on a simple Stock-Flow Consistent model.

The Youtube URL in case the above embedded video does not work: http://youtu.be/928QLfMlBvM

This video is a bit of a technology test on my part.

A longer explanation of what is happening within the model (including simplifications made) is given in this blog post:

http://www.bondeconomics.com/2013/10/why-hard-debt-limit-is-very-bad-idea.html

as well as here:

http://www.bondeconomics.com/2013/10/some-further-comments-on-my-debt.html


Also: I have just set up a Twitter account; @RomanchukBrian (widget to follow my account on the right).

(c) Brian Romanchuk 2014

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