Friday, August 14, 2009

Ben Bernanke Was Wrong: YouTube Mashup

Somebody did a cool "mashup" (defined in Wikipedia as "a digital media file containing any or all of text, graphics, audio, video and animation drawn from pre-existing sources, to create a new derivative work") of my article on Ben Bernanke's embarrassing prognostications.

This is a neat example of "Web 2.0" (distributed, participatory media on the internet) actually doing some good.

"PaulWilliamsWorld" painstakingly found the most telling footage of Bernanke's wretched economic forecasting and spliced them together.

Then, I transcribed the video and added Austrian analysis.

And now "confederalsocialist" has redone the original video, splicing in a reading of my analysis following each relevant Bernanke clip (see below).

The three of us are complete strangers and none of us are members of the media establishment, yet we have spontaneously collaborated to progressively add value to each other's products, and have thereby spoken truth to power and have spread that truth to thousands of people.

Individuals don't have to rely on the corrupt mainstream media anymore.  With the internet, the ideas of freedom can, to some degree, get around establishment gate-keepers and spread by virtue of their truth-value.  This new possibility is a ray of hope shining through the darkness of the rising state.


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