Economics - Fiscal Policy

[Meltedsnake4]

@bltnight07 That's a different model

[huggiebearfriend]

well i belive that the central bank system is built for failure. when gdp is doing good then you get inflation then when gdp is down low unemployment, then there is really no such thing as deflation only taking m1 to m2, m3. if you ask me we should move to a more controlable system.

[IriaMaiden]

@bltnight07 the first thing this guy is talking about a NATIONAL scale - if he means a closed economy, he obviously excludes imports or exports.

I doubt he got something that basic wrong in all honesty..

[JackR40]

He is not wrong. C + I + G is not GDP. And X-M can be affected by monetary policy via the interest rate effect. But for the purpose of this explanation its an acceptable simplification. It's like saying Say's law is 'supply creates it's own demand'. Also a gross simplification to the point of being wrong, but it makes the point.

[BillHicks420]

Keynesian economics WAS NOT used through most of the great depression. The Great Depression was the result of capitalism, or the "free hand".

[JackR40]

@BillHicks420

No the great depression was a policy induced phenomenon. The downturn was due to the business cycle but it became a depression due to incorrect monetary and trade policies. You must distinguish between a cycle and a depression

[WONDOCTORJ]

UNDER TRUE CAPITALISM, IT IS IMPOSSIBLE FOR DEPRESSION......WE HAVE PROBLEMS IN AMERICA BECAUSE WE ARE COMMUNISTS.......DON'T THINK SO?? READ THE COMMUNIST MANIFESTO AND WAKE UP ! 

[BillHicks420]

@WONDOCTORJ Haha, a good motto, is , if you write in caps lock, you`re desperate for people to hear you. Capitalism let the 1929 crash happen...

[WONDOCTORJ]

@BillHicks420 YES, I AM DESPERATE FOR SHEEP TO HEAR THE TRUTH SO I TYPE IN CAPS......CAPITALISM LET THE 1929 CRASH HAPPEN?? NO, REGULATIONS ON CAPITALISM MADE THE CRASH HAPPEN.......YOU ARE BRAINWASHED ......CAPITALISM = FREEDOM...........WAKE UP MR. DOUCHE !

[BillHicks420]

@WONDOCTORJ Wrong, during the 1929 crash, Keynesian economics had not been employed. The market was considered "free" as macroeconomics not yet had been employed as a field.

[azimali322]

@WONDOCTORJ Dude your being ignorant. True capitalism has ups and downs, read ANY economics book.

And that statement on the fact that we are Communists is also overblown. Every country in the world with your interpretation is Communist then because every country in the world pushes money into their economies. Tell me one country that doesn't do that. United States is actually the country that USUALLY pushes the least money into the economy, but with Obama pushing trillions into the economy...

[WONDOCTORJ]

@azimali322 U.C.C.

[JackR40]

@WONDOCTORJ

A depression is possible under free markets, but unlikely to be caused by non-financial markets. Lack of regulation in financial markets almost just caused a depression. You need to read some proper sources on what communism means though, maybe 'The Communist Manifesto' as a starting point, Marx alone is clearly beyond you at present.

[pagole123]

@bltnight07 no its not wrong, when your dealing with aggregate demand on the keynesian model, it is assumed that X-M are autonomous functions. therefore monetary and fiscal policy can only seek to influence C I G, therfore you are wrong

[Giuelith]

Not that I didn't enjoy this, I'd simply like to look at, if from an Angel Investor to another...

Mr Roger K. Olsson

[joepeters01]

you're thinking of aggregate demand

[yuenj01]

@bltnight07

probably he talks about only usa with no export or import from other countries.

[happytiger123]

X-M= exports-imports

[buzwazfuz]

im learning from this book in my AP highschool economics class. haha

[toori2l5l]

please up lode all videos, or at least the remaining FP videos.

regards

[BSC1892Berlin]

Nice explanation but typical american-not global.

[nouchlyrics]

Ahh thank you, My Prof can't explain sh*t.

PLEASE post more videos PLEAAASSE:D

[mojojoe]

nice tie... lol.

[JOHNSABERI]

excellent work!

[letsUnite]

very clearly defined. excellent.

Waiting for you next video on monetary policy :)

[alexbl]

ahhh!!! MORE!!!

[mais357]

Great Video!! Can we have some more videos???