@somor98 neo-capitalism is where a large government works with the private sector. Most politicians think that European countries like the uk and france fallow that system. It's more of a cross between socialism and capitalism.
The basic fact is missing and it's hot topic now, Quantitative Easing. Money created from nothing, lended to banks where they are multiplied by factor 9 to create more money from nothing.
While I really appreciate what you had to say about the anti-Fed conspiracy kooks, I noticed your diss of Paul Krugman and in general I'm finding these videos trending toward right-wing economic propaganda. Also, the whole idea of Milton Friedman as a 'superhero economist' seems a bit suspect. Where do Krugman and Friedman (both Nobel-winning economists) disagree, and why do you think Friedman has better ideas? Please try not to include the word 'socialist' in your answer.
The four videos that make up Lesson 3 on inflation are a decent look at the way the the subject is generally taught. It is helpful in understanding the assumptions under which the government and many economists operate.
However, the common usage of the word "inflation" to simply mean a rise in prices is incredibly misleading, and results in a whole host of problems in understanding the subject.
seriously awesome / useful videos :) keep up the good work
can someone explain to me... (3:55-4:00)...why has the employers costs gone down? If he is giving away the money he had in the form of a pay rise... does that not mean he has less money.. and therefore less purchasing power? does this mean during high inflation.. employers should give pay a pay rise less than the inflation rate? (sorry if this seems silly but i would like to get a better understanding)
@Balu1Elango No, it's not silly. You're right. That entire slide is wrong. The employer's cost do NOT go down. The only thing that is changed is paying the employee MORE. That means his costs have gone UP. And inflation does not in any way help this problem. It only exacerbates it.
For a better explanation of inflation, see this video:
thanks for taking the time to do these great videos
Excellent work!
alex630710 2 months ago
If someone could explain why do I have to pay the interest on money that was created out of nothing?Who gets this interest?
2598129 5 months ago
@wishmolly lol i love that socialist idea, but sooner or later some smart ass is going to see a loophole and ruin it for everyone....
IsaacisaNerd 7 months ago
Socialist countries in europe?! Where are they? I live in europe and do not recognize what you'resaying about the jobmarket in europe.
somor98 9 months ago
@somor98 neo-capitalism is where a large government works with the private sector. Most politicians think that European countries like the uk and france fallow that system. It's more of a cross between socialism and capitalism.
Madpolis7 8 months ago
This has been flagged as spam show
How much fun is this making video's .. When you have time come visit my channe
FatReleaseSystem 11 months ago
The basic fact is missing and it's hot topic now, Quantitative Easing. Money created from nothing, lended to banks where they are multiplied by factor 9 to create more money from nothing.
simanek79 1 year ago 2
While I really appreciate what you had to say about the anti-Fed conspiracy kooks, I noticed your diss of Paul Krugman and in general I'm finding these videos trending toward right-wing economic propaganda. Also, the whole idea of Milton Friedman as a 'superhero economist' seems a bit suspect. Where do Krugman and Friedman (both Nobel-winning economists) disagree, and why do you think Friedman has better ideas? Please try not to include the word 'socialist' in your answer.
jumpoutatree 1 year ago
Oh, MY GODDNESS. Your lecture on inflation is the BEST on youtube!!!
bobichina 1 year ago
The four videos that make up Lesson 3 on inflation are a decent look at the way the the subject is generally taught. It is helpful in understanding the assumptions under which the government and many economists operate.
However, the common usage of the word "inflation" to simply mean a rise in prices is incredibly misleading, and results in a whole host of problems in understanding the subject.
Please see this video:
/watch?v=eN7lEMXZRMM
WideWorldOfWisdom 1 year ago
seriously awesome / useful videos :) keep up the good work
can someone explain to me... (3:55-4:00)...why has the employers costs gone down? If he is giving away the money he had in the form of a pay rise... does that not mean he has less money.. and therefore less purchasing power? does this mean during high inflation.. employers should give pay a pay rise less than the inflation rate? (sorry if this seems silly but i would like to get a better understanding)
Balu1Elango 2 years ago
@Balu1Elango No, it's not silly. You're right. That entire slide is wrong. The employer's cost do NOT go down. The only thing that is changed is paying the employee MORE. That means his costs have gone UP. And inflation does not in any way help this problem. It only exacerbates it.
For a better explanation of inflation, see this video:
/watch?v=eN7lEMXZRMM
WideWorldOfWisdom 1 year ago
Comment removed
Balu1Elango 2 years ago
Milton Friedman the economist super hero my a**. Rather the guy that plunged third world in huge debts!
brazeau2009 2 years ago
criss
brazeau2009 2 years ago