About this project
We did it!
Thank you to everyone for your generosity and for helping us to spread the word about CRASH, BOOM, POP! We'll be sure to keep you updated on our progress, send you samples as we color and finish more pages, and finally, ship out your rewards. We can't wait to finish the book and get it into your hands. You've all made this a truly inspirational event in our lives.
And remember, donations are TAX DEDUCTIBLE in the U.S. We'll add more information to the FAQ section shortly.
Update: Media Appearances
Update: Download the First 10 Sample Pages
Wouldn’t it be great to learn about the economy in a way that didn’t suck? Too many of us are living paycheck to paycheck. Income inequality is a worldwide problem. Students are graduating with record debts. Trillion dollar wars are charged to the national credit card of debt. We’re inheriting economies in crisis, yet less than half of all U.S. high schools require any kind of economics or finance courses in order to graduate.
Help us launch our graphic novel series - CRASH, BOOM, POP! - to help lay a good foundation in economics. We want to expose how money and economics actually work, without the complicated rhetoric. Everyday questions that befuddle our brains like: How is money created? Why do housing prices keep rising? Why are interest rates at all time lows (even if your credit card interest may not be)? What’s the purpose of austerity? Why do central banks, like the Federal Reserve, continue printing more currency?
These are baffling questions for many...including actual economists! Yes, that’s right. Much of what economists actually believe - and teach in their incredibly boring textbooks - is wrong.
Take the question of how money is created. Ever heard of the “Money Multiplier”? It’s so mainstream that in 2009, President Obama used it in a speech to justify giving the banks a bailout instead of families and businesses:
“there are a lot of Americans who understandably think that government money would be better spent going directly to families and businesses instead of banks – ‘where’s our bailout?,’ they ask”.
..the truth is that a dollar of capital in a bank can actually result in eight or ten dollars of loans to families and businesses, a multiplier effect that can ultimately lead to a faster pace of economic growth."
Great idea...only it’s wrong. That’s not how money is really created. The Bank of England recently admitted as much:
"This description of how money is created differs from the story found in some economics textbooks. For instance, in normal times, the central bank does not in practice
choose the amount of money in circulation. Nor is central bank money
‘multiplied up’ into more loans and deposits. Rather, the Bank of
England implements monetary policy – which is set to be consistent with
low and stable inflation – by setting the interest rate on central bank
reserves (‘Bank Rate’). This then influences a range of interest rates –
including those on bank loans – and, in turn, the aggregate amount of
spending in the economy."
Confused? So were we. Then we read some books that cut through the confusion: Steve Keen’s “Debunking Economics”, Ann Pettifor’s "Just Money - How to Break the Despotic Power of Finance" and Ha-Joon Chang's "23 Things They Don't Tell You About Capitalism", just to name a few.
As a team with a background in finance, education and economics, we did our best to digest all of this information for you. Now we want to share what we’ve learned.
CRASH, BOOM, POP! Volume 1: MONEY will be a perfect bound graphic novel. The final size will be 6.75” x 10.5” (17.15 cm x 26.67 cm) with 100+ full color pages printed on thick, high quality paper. Our goal is to print at least 1000 copies.
Who Are We?
Meet the Team
The Crash, Boom, Pop! team includes comic creators and founders of 7 Robots (indie publisher) Miguel Guerra and Suzy Dias, and writer Genevieve Tran (watch her TED Talk on financial literacy for the next generation).
Meet Steve Keen
Our mentor and muse is Professor Steve Keen, Head of the School of Economics, Politics and History at Kingston University London, founder of the Minsky open source economic simulator (which was successfully funded on Kickstarter), and author of the bestselling, “Debunking Economics”.
He is also the winner of the 2010 Revere Award of Economics from the Real-World Economic Review for being the economist, "who first and most clearly anticipated and gave public warning of the Global Financial Collapse and whose work is most likely to prevent another GFC in the future."
To paraphrase Groucho Marx, economics is a wonderful institution, but who wants to live in an institution?
Keep in Touch
Risks and challenges
The biggest challenges that we see are shipping and distribution of all the books around the world in a timely manner. Since we are spread out over three countries (Canada, UK and Spain) and do this in our spare time, we decided the most efficient way to print and ship out the books would be to pay for a service. Using experienced distributors will considerably ease our worries and reduce costs that would have otherwise gone towards plane tickets and hotel rooms. We also want to ensure that any unexpected shipping costs, taxes and fees are included in our campaign funding goal.Learn about accountability on Kickstarter
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