06. Capital & Capitalism

1. Declaration

023: Forex Market V This video proves that depreciation boots colonial export.
002: A Perfect Production Function This video reproduces Solow’s perfect production function.

2. Financial Capital

266: Corporate Finance I This video reproduces the MM theorem of corporate finance.
267: Corporate Finance II This video disproves the MM theorem
268: Corporate Finance III This video reproduces the second MM theorem.
269: Corporate Finance IV This video disproves the second MM theorem.
270: Corporate Finance V This video shows how borrowing can increase yield rate.
271: Corporate Finance VI This video disproves the investment theory by Myers and Majluf.
272: Corporate Finance VII This video disproves the second MM theorem by optimal borrowing.
273: Marginal Yield This video introduces a new concept called marginal yield.
274: MM Theorem This video proves that lower debt may increase a firm’s market value
275: Bankruptcy This video disproves the MM theorem on Bankruptcy.
276: MM Theorem II This video reproduces and disproves the MM theorem.

3. IPO

289: IPO This video illustrates the rise of share price due to higher earning.
290: IPO II This video illustrates how a firm issues new shares during IPO.
291: IPO III This video proves that IPO proceeds must go to existing shareholders only.
292: Marginal Yield II This video illustrates the concept of marginal yield.
216: Keynes’ Hoarding This video disproves Keynes investment strategy.

4. Interest

279: Natural vs. Money i This video disproves Wicksell’s theory of interest
280: Re-switching This video demonstrates Samuelson’s theory of re-switching.
281: Re-switching II This video reproduces Samuelson’s theory of re-switching.
282: Re-switching III This video proves that Samuelson’s theory of re-switching is an investment evaluation.
283: Re-re-switching This video proves that re-switching is a manipulation.
004: Central Bank Not A Bank This video disproves central bank as commercial bank

5. Saving

190: Fisher’s Saving I This video disproves Fisher’s Saving theory.
191: Fisher’s Saving II This video further disproves Fisher’s Saving theory.
192: Brumberg’s Saving This video proves that Brumberg’s Saving may be zero.
193: Friedman’s Saving This video proves that Friedman’s Permanent income hypothesis implies zero saving.
194: Keynes’ Saving This video disproves Keynes’ paradox of thrift.
215: Keynes’ Uncertainty This video turns Keynes’ uncertainty into certainty.

6. Bubbles

195: Samuelson’s Saving This video disproves the over-lapping generation theory of saving.
009: Krugman’s Medieval Theory of Bubbles When economists cannot explain some real life observations, they pray for something supernatural.
010: Krugman’s Half-Baked Model This video completes Krugman’s currency crisis theory.
011: 1929 This video explains the cause of the 1929 crisis.
012: The Bretton Fools This video proves that the Bretton Woods system was designed by some fools.
079: MBS This video reveals the sub-prime crisis caused by MBS.
005: Central Bank’s Deceptive Earning This video proves that central bank does not earn anything
006: The Unbalanced Balanced Sheet This video reveals that the balance sheet of central bank is never balanced.
219: Detrimental Monetary Policy This video disproves Keynes monetary policy theory.
218: Hicks’ IS-LM Denial This video reveals how Hicks overturned his own IS-LM theory.

7. Production Capital

220: Money & Famine This video shows how monetary expansion creates famine.
384: U Production V This video further disproves the u-production model.
172: Solow I This video proves that Solow’s growth theory always implies zero growth.
173: Solow II This video shows that Solow’s growth theory is anti-growth.
183: Endogenous Growth This video proves that endogenous growth means bankruptcy.
003: Marginal Product is not Demand, 草包一族合輯 This video proves that marginal product or utility is not demand, and that marginal cost is not supply.
210: Jorgenson’s Investment This video shows the tautology between capital and investment by Jorgenson.