Advanced Search
MyIDEAS: Login

And … it's gone: the economics of South Park's Margarita (housing bubble) episode

Contents:

Author Info

  • Peter DiIorio
  • Walter E. Block
Registered author(s):

    Abstract

    Purpose – The purpose of this paper is to analyze South Park's take on the causes of the recession and the housing bubble. Design/methodology/approach – The essay describes the events in the South Park episode and compares them to the respective events of the recession and the housing bubble. Findings – The authors found that the creators of South Park, albeit only a cartoon, were amazingly accurate in their assessment of the real world issues concerning the recession and the housing bubble. Research limitations/implications – The recession was caused by the Federal Reserve System artificially lowering interest rates, which led to malinvestments in round about directions (housing); this was exacerbated by HUD, CRA, Fannie, Freddie and other governmental subsidies, regulations which also led to the overbuilding of housing. Further research should delve into these causes of the difficulties. Practical implications – The South Park episode, and this paper, serve as an example of what not to do. Originality/value – South Park has been written by libertarians who are sympathetic to Austrian economics. The paper traces out this thesis with regard to the Margarita episode which deals with the housing bubble and its contribution to the present recession.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.emeraldinsight.com/journals.htm?issn=0828-8666&volume=28&issue=1&articleid=17015601&show=abstract
    Download Restriction: Cannot be freely downloaded

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Emerald Group Publishing in its journal Humanomics: The International Journal of Systems and Ethics.

    Volume (Year): 28 (2012)
    Issue (Month): 1 (February)
    Pages: 76-84

    as in new window
    Handle: RePEc:eme:humpps:v:28:y:2012:i:1:p:76-84

    Contact details of provider:
    Web page: http://www.emeraldinsight.com

    Order Information:
    Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
    Email:
    Web: http://www.emeraldinsight.com/h.htm

    Related research

    Keywords: consuming; Government policy; Housing bubble; Recession; Saving; South Park cartoon; Television; United States of America;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Raj, Madhusudan, 2008. "Mending the Meltdown: Fending off the Interventions and Resurrecting the Market," MPRA Paper 15693, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eme:humpps:v:28:y:2012:i:1:p:76-84. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jade Turvey).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.