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Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

Wibee — Fri, 30 Mar 2012 00:12:53 GMT

KHAN!!!!!!!!!!!!!!

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

John James — Thu, 29 Mar 2012 00:06:36 GMT

I doubt he even opened Human Action. Sounds to me like he just heard a few things hear and there, and then extrapolated on his own to fill in the holes. At most, maybe he read a Wikipedia entry or two and the 2 paragraphs-worth of info compiled from a locker full of mainstream textbooks.

As far as a critique, I don't really see a need, as evidently comments were all it took, and he almost immediately took the video down. Again, as mentioned earlier, he claims it was a timing thing, and he took it down because he "thought it would be better to build up to it"...but I'd bet you anything that video will never get re-uploaded to that Khan account. He'll redo it for sure. Hell, he might even read an actual Austrian source before making it this time!

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

ThatOldGuy — Wed, 28 Mar 2012 23:21:03 GMT

Nicely done, John James!

Well, he was right when he said that he was sure he was mispronouncing "Mises." He sounds like he read the first chapter of Human Action and then just started saying "human actors" here and there to make it sound like he knew what he was talking about. I'm wondering if there will be a video critque released soon by anyone so willing?

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

John James — Wed, 28 Mar 2012 21:46:12 GMT

You know what they say...once it's out there, it's out there forever. Ignoramus can't hide from this one.

(Please visit the site to view this media)

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

ThatOldGuy — Wed, 28 Mar 2012 21:24:09 GMT

I'm just disappointed that I didn't get to see it.

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

John James — Wed, 28 Mar 2012 20:08:58 GMT

Yeah, that's what happens when someone posts something that someone else doesn't like...and would rather not have on youtube. They just make a couple of copyright claims and the video gets pulled...and sometimes the account gets blocked altogether.

It's a fairly easy form of censorship. That's why you tend to see mirrors for controversial videos.

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

libertydave — Wed, 28 Mar 2012 20:08:15 GMT

I think he took it down under the impression that Khan is going to do a video series that does a better job representing the ABCT.

There were several comments that were telling this guy to take it down since it was not accurate (which is why Khan took the video down in the first place).

That is my take on the situation.

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

ThatOldGuy — Wed, 28 Mar 2012 20:02:01 GMT

I tried to watch the video using that link and got a face with this message:

"Austrian Business Cycle The..."
This video is no longer available because the YouTube account associated with this video has been terminated due to multiple third-party notifications of copyright infringement from claimants including:

xxxdonutzxxx "Latest UFO Sightings"

xxxdonutzxxx "Latest UFO Sightings"

NDestinationUnknown

Sorry about that.

So, now I'm all

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

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Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

Jargon — Thu, 22 Mar 2012 01:13:09 GMT

Sounds like he just got embarassed. Anyways, the primary weakness of central banks lies within the ABCT, so what good is it to seperate the topics.

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

SirTenenbaum — Wed, 21 Mar 2012 22:57:32 GMT

I'm afraid I don't understand Kahn's explantaion. :/

(And yeah, it's awesome how quick the takedown was. There must be a lot of Austrians out there! Woohoo!)

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

libertydave — Wed, 21 Mar 2012 21:07:48 GMT

Khan commented to someone who asked him why he took it down. His reply was

Thought it would be better to build up to it. Also separate the conversation of the weaknesses of central banks and fractional reserve banking from the explanation of the Austrian Business Cycle Theory.

http://www.youtube.com/watch?v=3mUi9IZb4T4

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

Daniel James Sanchez — Wed, 21 Mar 2012 19:12:55 GMT

Somebody snagged it while it was up and reposted it: http://www.youtube.com/watch?v=ami32DSMpJM

Indeed, quite a few misconceptions.

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

John James — Wed, 21 Mar 2012 07:11:38 GMT

Nielsio:
I imagine he got more critical responses and decided to (attempt to) redo it.

I'm sure that's what happened. Great catch, SirTenenbaum!

At least it points to Khan being interested in presenting accurate information. But I love how quickly the takedown took place. That just shows how quick the backlash response was from the Austrian community.

Re: KahnAcademy gets it WRONG on Austrian Business Cycle Theory

Nielsio — Wed, 21 Mar 2012 01:18:29 GMT

I imagine he got more critical responses and decided to (attempt to) redo it.