Friday, 15 May 2009

BBC explains the house price bubble in terms of goats

Radio 4 has excelled itself with the Afternoon Play today.

The Great Hargeisa Goat Bubble

Comedy by Julian Gough. The story of an encounter one snowy night on a railway platform somewhere in southern England between a young Irish orphan, Jude, and Dr Ibrahim Bihi, a Somali with a degree in economics who has made and lost a fortune in the virtual goat market. As Dr Bihi relates the story of his rise and fall, he takes the opportunity to educate young Jude in the pitfalls and the glories of market forces.

I cannot recommend it highly enough, it is a laugh out loud programme.
"...but one of the first moves by the Unicef Official with Special Responsibility For Goats was to make the goat compensation fund self-funding by hedging much of it in goat futures."
You can listen to it through the BBC website, or the text of the original story is available on line.

My only question is:

If we do get out of this current economic mess, will anyone remember it?


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