Cowboy Bebop Proves That We Need Pain
Channel: Foundation for Economic Education
Date: 2021-11-04

On this episode of Out of Frame, we take a look at a classic, brilliant anime, Cowboy Bebop. In a universe where earth was made nearly uninhabitable and interplanetary travel and living is abundant, corruption and crime reign supreme, and it’s up to contracted bounty hunters to catch criminals and bring them to justice.

On top of being a fascinating near-future landscape, Cowboy Bebop’s themes of pain, suffering, struggle, and how they can shape people to be better versions of themselves is ultimately what makes the show a standout. It pushes us to consider that the consequences of our actions create meaningful incentives to make different choices in the future. 

Experiencing pain isn't fun, but the danger when people don't bear the costs of their actions is much worse.
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CREDITS:
Written by Sean W. Malone & Jen Maffessanti
Produced by Sean W. Malone
Edited by Michael Ozias
Asst. Edited by Jason Reinhardt
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LINKS:

— Housing Policy --
https://globalurban.org/National_Homeownership_Strategy.pdf
https://www.wsj.com/articles/BL-REB-32954
https://core.ac.uk/download/pdf/144227544.pdf
https://www.federalreserve.gov/newsevents/testimony/
https://www.congress.gov/bill/105th-congress/house-bill/1306
https://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html
https://www.jchs.harvard.edu/sites/default/files/w02-8_bratt.pdf
https://www.jstor.org/stable/20868515
https://www.mba.org/news-research-and-resources/research-and-economics/research-institute-for-housing-america/

-- 2000s Financial Crisis --
https://reason.org/commentary/the-myth-of-financial-deregula/
https://www.wsj.com/articles/SB10001424127887323477604579000571334113350
https://www.dissentmagazine.org/article/the-legacy-of-the-clinton-bubble
https://www.epi.org/publication/briefingpapers_bp_2002_12_stimulus/
https://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html
https://www.brookings.edu/research/evaluating-president-bushs-tax-stimulus-package/
https://www.nytimes.com/2002/03/09/us/senate-approves-economic-stimulus-bill.html
https://mises.org/library/housing-too-good-be-true
https://www.federalreserve.gov/newsevents/speech/2004speech.htm

-- Austrian Business Cycle Theory --
https://en.wikipedia.org/wiki/Austrian_business_cycle_theory
https://youtu.be/Log_dcRj7HI
https://www.econlib.org/library/Topics/College/financialcrisisof2008.html
https://www.yipinstitute.com/articles/the-2008-financial-crisis-an-austrian-analysis
https://mises.org/library/whats-behind-financial-market-crisis
https://mises.org/wire/we-still-havent-learned-right-lessons-2008-crash
https://fee.org/articles/how-the-housing-crisis-vindicated-the-austrian-school-of-economics/
https://fee.org/articles/a-stock-market-tumble-is-the-correction-we-need/
https://fee.org/articles/austrian-economics-is-essential-to-understand-booms-busts-and-money-itself/

-- Economics of Debt --
https://courses.lumenlearning.com/boundless-economics/
https://www.bc.edu/content/dam/files/schools/cas_sites/economics/pdf/workingpapers/wp882.pdf
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
https://pressblog.uchicago.edu/2014/06/27/excerpt-house-of-debt.html
https://www.congress.gov/bill/105th-congress/house-bill/1306
https://www.anderson.ucla.edu/documents/areas/ctr/forecast/PE_ratio_update.pdf
https://web.archive.org/web/20060628013903/http://www.northerntrust.com/library/econ_research/weekly/us/pc073004.pdf
https://www.history.com/this-day-in-history/bear-stearns-sold-to-j-p-morgan-chase

-- Savings --
https://www.businessinsider.com/credit-card-use-increasing-in-us-economy-2018-5
https://www.nytimes.com/2007/02/01/business/worldbusiness/01iht-save.4436274.html

-- Money Supply --
https://www.wsj.com/articles/u-s-budget-deficit-grew-to-record-2-1-trillion-in-fiscal-year-s-first-eight-months-11623348001
https://fee.org/articles/limits-to-monetary-expansion/
https://www.reuters.com/business/economists-eye-surging-money-supply-inflation-fears-mount-2021-06-17/
https://www.cnbc.com/2020/08/05/the-ballooning-money-supply-may-be-the-key-to-unlocking-inflation-in-the-us.html

- Cost of Lockdowns --
https://fee.org/articles/another-deadly-cost-of-covid-19-lockdowns-a-hidden-epidemic-of-drug-overdoses/
https://fee.org/articles/new-study-pegs-covid-19-crisis-costs-at-16-trillion-so-far/