Macroeconomics

[IxenBlaze]

Sounds more like a Clinton love fest video and the college chick sounds like a complete moron. Its an undeniable given that life and human action is not so simple that you can just plot charts and graphs and everyone is going to go according to your chart.

[sirries1]

Very informative but the voices are annoying.

[jakesmith330]

nice vid, i used this and the Macroeconomics Guide app on my iPhone for only $0.99 and now I'm acing my econ course

[phillerox]

i actually like this video, its good to watch every once in a while to keep old knowledge before its gone in the memory forever, thanks :)

[agarnierable]

thank you for your work on this topic. I'm sorry that so many viewers out there seem to be under the delusion that you owe them something, as evidenced by their outlandish responses and profanity - it's alarming to think these individuals might actually be in college, or perhaps even considering voting. With rage like this, over something free, what would the response be to an actual, real-life outrage. Again, thank you.

[intrepidy]

This video is shit. Fuck this video.

[intrepidy]

This is bullshit. Fuck this video.

[GreenAcid6998]

i just lost 10 minutes of my life that i will never get back

[j0hnb0wman]

you got the nominal interest rate mixed up with the real interest rate @ 5:48

pretty informative video apart from that

[j0hnb0wman]

you got the nominal interest rate mixed up with the real interest rate @ 5:48

pretty informative video apart from that

[malikidmc]

gdp equation????

its the aggregate demand equation

[Ralphlali1]

actually the video is very informative, but the voices are indeed annoying.

[RocknRollQueens122]

Deficit is pronounced DEF-IH-SSIT not def-ih-shit?? some annoying video

[PlayElectroBreeze]

maaaan i dont understand a word

[Soraal]

Wow, I posted this two years ago and have never heard it again. This is so stupidly embarrassing and the comments r SO FUNNY. I can't believe I said "defishit". Oh, and it's me doing both voices LOL

[m3t4m0rphix]

I hate to break it to you but "Kim" is a guy!

[TheR0yalBeast]

90 people were high while watching this

[heartlessvietboy]

We will Re-Write Economics.

1. Understand the Currency.

2. Regulate and Tax Industries making too much.

3. Corporations help build a government system.

4. Educate students so that we wont rely on corporations.

[beancube2010]

This religious of money needs a lot of dissections.

Inventing names is not a science, it is a scam.

If we are not dare enough to crack our psychology trapped by this false doctrine, we are going to repeat bad history again and again unconsciously. Asking questions that those baby boomer manipulators not dare to ask. We must change from them and expand our consciousness using realities.

[BR177]

@beancube2010 I agree

[steelersfanhawaii]

you are totally full of $hit, the 80s were prosperous because of Ronald Reagan who took over when mortgage rates were around 21%. Reason why economy improved in 90s was of what happened on October 1994 and what WILL happen in November, 2010. Real economic prosperity happens when government gets the f%$k out of our lives. LAISSEZ FAIRE RULES!!!!!!!!!

[hotblud82]

@steelersfanhawaii agreed. money not in the hands of government = money in the pockets of the populace. they've currently got their foot on the neck of private business (the engine that creates jobs) and the people are finally waking up to that fact.

[rickbar123]

@steelersfanhawaii So what asshole, the rates were 21%. I got my house at a high rate but the cost of the house was low. 35 grand for a house that now goes for 175 with a rate of 4-5. Laissez faire sucks. Ron sucked dick.

[EyeAmTheIlluminati]

@rickbar123 You shouldn't have bought a house then. You should have rented and waited for interest rates to go down. I'll agree that the Federal Reserve shouldn't have artificially raised interest rates, but blaming capitalism for the problems is naive. The Federal Reserve is a quasi-government institution; in a laissez faire economy there would not be 21% interest rates because a central bank wouldn't have power over the entire system

[rickbar123]

@EyeAmTheIlluminati Yea, it's easy to say 'Wait" but at the time who knew ??

[EyeAmTheIlluminati]

@rickbar123 What goes up must come down. The same laws of physics apply to economics.

[kaushikack]

Better do homework before posting an educational video, neither it is knowledge giving, nor fun..........it is nothing

[Pemberdeer]

The choice of the background song, "time of your life", is so appropriate considering that most of this Keynesian economics is based on J.M.'s premise: -"we are all dead in the long run."

It begs the question, how sustainable is the whole system?

[Pemberdeer]

The little girl voice is cute but the teacher sounds like a drag queen.

[GigmongerStine]

This is based on the Keynesian model of economics, which is nothing other than fraudulent fantasy. The curriculum they spew is regulated by none other than the filthy rich who personally benefit by forcing this scam model onto the population, where they become rich beyond belief at the expense of the rest of us. And those who smoke pot with helium and make munchkin videos supporting this scam only show that ignorant people going into school can be just as ignorant coming out the other end.

[lukaqota]

I think thats the same person who changed the voice by software.

[519realshit]

lol my parents think im retarded now, these voices sound like they are trying to teach somebody slow hahahaha, Great Video 5Stars :D

[clessers]

its sad that I actually have studied most of these graph's and had to redraw them and explain them for countless essay tests over the past 4 years.

[chellemarie2010]

the only problem is the voice......tsk tsk

[amhi]

I can't even listen to this because the girl's voice is so annoying.

[bekmeister48]

creative, good with prior macroeconomics class.

[raintree710]

these voices are corny

[residentzombie]

These dumb asses who made this video better hate Obama then.

[alennna]

what a BS

haha its Keynesian crap with equations looking beautiful on paper , but making no sense in real life AT ALL.

Keynesianism is managed economics (not too different from Soviet style) .. just fancy propaganda and a waste of time.

[EcFXSN1P3RX]

20 seconds...

[hicksonn]

cool voice mate..

[rtsantosh]

this is gr8

[microburn]

i made it 46 seconds in before i couldnt handle voices anymore...

[mbenall3]

good info, but the voices..... annoying........made it to 6:25, good luck to you all.

[butterwudmelt]

Hmm do all the sexist comments below not realise one of the voices is blatantly male? If the girls you speak to sound like this, you need to be checking for an adams apple.

[snoopyflick]

OMG, did they go and say increasing taxes, caused economic growth. Almost only possible by being an idiot and just manipulating equations. God dammit, why are economist so stupid in mathematics.

[kokofan50]

you need the right amount of taxes to low the gov can't work to high we tax people in to poverty and they are saying taxes ned to be raised ao the gov can work but they really only need to rase the rich peoples to get the money needed

[snoopyflick]

Speak English!!! In no part of that incoherent rambling, of what appeared to be a thought, did you state how increasing taxes leads to greater productivity, and thus growth. Please reread your comments, and think next time. Please don't assume that people go and make mud pies and eat their money.

[residentzombie]

We don't work for the government, the government works for us.

[ITDXB]

*cough* the government represents us

[snoopyflick]

*cough* the government represents the politicians and government employees, and the rest of the crony capitalist businessmen.

[residentzombie]

*cough* the only representatives who represent the American people are Ron Paul, Peter Schiff, and Rand Paul. Everyone else represents the United Nations and corporations and bankers who bought their vote.

[BirdBrain911]

It's like Napleon Dynamite talking to Hannah Montanna in a chipmunck voise

[shuffm1]

Ruh-TARDS

[yesiamdaz]

The kitchen is waiting, women.

[globbo100]

I was actually waiting for these two Keynesians to segue into a discussion about shoe shopping.

[globbo100]

This would have been better if Alvin and the Chipmunks explained it. Two females trying to sound smarter than they actually are.

[bobish101]

after listening to this video, now i know why it says the speakers are both females at the beginning of this video

[yagsisiht99]

green day - time of your life , wtf is that doing in this haha

[lovekiwiforever]

this is so gay....i rather go to my econs class! haha

[RU4PKR]

Sorta skimmed over the business cycle then made proposals that cause it ... lol ... your god (keynes) is dead ... don't be afraid to move on without a govt.

[JoGoDr]

music is cool :) (greenday?!) Where can I get that version? And the voices ARE annoying.. can´t stand to watch the video listening to them...

[MrFedjakuljanin]

LOL OMG these voices are hilarious

[Steve458791]

What the funk?

[dojokonojo]

is that greenday? lol

[baasmarius]

Voices are IRRITATING!!

[opundak]

fantastic video for anyone who has ADD and is trying to learn this stuff. This is the new way to teach.

[FafyrdGir]

Defishits?

[gilsonmachado]

Second voice is a shemale voice.

[philnoll]

hahahaha. hahaha.

[basserase]

Wow, that was.... No, I guess it wasn't.

[timetraveler3797]

Bush Sr. raised taxes because Regan spent too much, got booted out and now clinton gets the praise

[podrag]

OMG I'm going to go kill myself now.

Yeah Economic growth happens because the central bank controls inflation. Gee if cavemen had only had central banks we would have advanced so much sooner. :roll:

[guess5250]

what a gay voice, I'm sorry it's anoying.

[dopejoel]

Delete this video. It's embarrassingly stupid.

[1000101er]

This video is weird.

[VeritasAmantesVocat]

snifff, snifff,

Whats that i smell??

is it Fascist propoganda?

YES IT IS!

[Chooky707]

Economics is Fascism? Please explain.

[LeoE08]

no, a civilization with a private central bank using the fractional reserve system that can manipulate the markets will be Fascist in no time(USA..) time to wake up sheeple

[Chooky707]

Thank you for that point. But I was merely asking VAV to clarify his point. I'm not sure what you mean. Also manipulations of the market do not necesarily mean Facism. Could you just explain what you meant? Also why am I sheeple?

[stevemcgee99]

It's true that you'll find this BS in most textbooks. But it's mostly inaccurate and proven to be wrong. The policy implications are wrong and are a big part of the problem.

Interest rates are manipulated by central planners, which causes confusion. They increase the money supply which IS inflation.

Clinton era investment and consumption was NOT from raised taxes - it was from low interest rates caused by increased money supply. THAT is the cause of the business cycle - IT bubble!

[korrisha]

the voices are very annoying shitty the video is 2/5 because of the fakking annoying voice hmmmmmmmmmmmm

[ballesterr]

not a very good video, i hate the wat they fixed the voices!!!!!!

[chairmanmao89]

Is this a joke?

[Iambecome]

I cannot watch this video, because of the fucking voices. Christ, inject some coolness into it.

[misfitjustice]

How can it still be boring with kid voices and nice music?! Economics is the devil.

[umoclenad]

ehehehehheheh

you suck

[jjrglobal]

I hope no one believes these morons

[rosetren13]

gross.

[pharaoh11689]

defishit... lol

[nburkemdx]

Full Employment is actually bad for the economy... That means a lack of competition for jobs.... this really isn't that great a video

[AllenDGM]

Full Employment means High Inflation! hahaha Either lower unemployment rates or choose lower Inflation :P

[misosong]

good riddance lol

[Ramonalle]

the voices are so gay... :/

[Elizawizzy]

thanks!

[xuanmai90]

thanks a lot^^. Keep up the good work.

[HopefullyAnonymous]

thanks for doing this.

[rev115spikafrever]

Is it me or does this video have some audio problems?

[sidthinker]

no, the morons who made it think that that sound quality somehow covered up the fact that the content is a huge bunch of bullshit.

[itsAndrogyn]

one of the voice is like a transessual :)))

[sidthinker]

laughing... ya know... you're absolutely right...but that would be an insult to the transexuals.

[c0mpute]

Search for a video zeitgeist 2 addendum

[c0mpute]

The full documentry is explains itself

[spikesmth]

Zeitgeist rules!

[jaywon06]

this video is fundamentally wrong, we prospered in the 90's not because of bill clinton but because of bill gates!

we had a tech boom which increase our factors of production by creating efficentcys (technology)

[spikesmth]

These are basic MicroEcon principles from an intro book dude... they are True given the assumptions. You are right about the technology in that it allowed us to make/sell more for less... but capital markets and inflation had a huge role in pushing the bubble so large. A similar thing in real estate screwing us now.

[jaywon06]

real estate did not screw anyone, we screwed our selves! alan greenspan should have not lowered the intrest rate before the '04 elections, and people should have not been living outside of their means. monetary policy (and fiscal for that manner) has gone to shit!!

[spikesmth]

You probably don't know what it is like to be poor, to have little or no control over your economic situation... I know because you read Ann Coulter. I shit on you, sir... and rub it on your chest.

[jaywon06]

i make min. wage, and paying for college myself, i grew up w/o a room in a trailor park. ANYONE who live in the US has control over their econ situation, everybody can make choices, even bad ones, but we don't need uncle sam to hover over everything!

[spikesmth]

What POS College do u go to on Min WAGE? It just doesn't add up. True the Gov shouldn't regulate every little thing, but you should know that fully free markets often lead to olig/monopolies which are inefficient and exploitative. That's what we have now and I say it's the Gov's job to enforce perfectly competitive market conditions, which it is failing at because of a lack of/misallocated regulation. Coulter is intellectually bankrupt, racist and religulous.

[theoriginalanomaly]

Fully free markets do not lead to oligarchy/monopolies. All the trust busting and monopoly busting did was to give away monopolies. They were simply barriers to competition brought up by unsuccessful competitors. Supposedly helping the consumer... although they were never brought up by consumers. Government grants monopolies. Federal Reserve is one example... supposedly in our best interest. Licensing is another great method to keep out competition.

[destruantes]

Yes, I totally agree with you - this is totally 110% left-wing propaganda, I'm not surprised though, reality has always been left wing biased, I tell ya I'm so sick of all this liberal media bias - who needs things like truth, reality and facts when you can have george bush, god and a huge gun?

[jaywon06]

it was because of Bill Gates, not Bill 'bj' Clinton, why we did so well in the 90's!

(gw bush is an economic liberal, the guy is fiscally out of control, damn neo-cons took over the party!!!)

[kike314]

What a bunch of idiots. This socialist video is a shame. You want prosperity? Go back to a constitutional republic instead of empire. Reduce goverment to 10% of what it is now, and apply Austrian economics and abolish the Fed.

Let freedom ring!

[jaywon06]

kick the big gov neo cons out of the republican party!

[mcmurfee]

this video was priceless, funny but kept my attention going!!

[PureGospelRadio]

it sounds funny :)

[smileytshirt]

I learnt a few things after watching this video (and googling some of the terms). Thanks!

[benjamaiLL]

haha, funny.

[Hazaraid]

Good.

[niealex]

interesting way of presentation, but the VOICE!

[yahoovisitor]

The Global Village has made banking possible around the world from one country to the other. It may be for having one's bills or legally inherited amounts released or for some commercial purpose. But in case of withdrawal the banks impose fees and instead of deducting it at source from funds in the account they maintain, with the consent of their client, they urge him/her to send the fee from some external source. If the client is unable to pay the fee they just freeze/close the account WHY?

[RockSprinkle]

nice work

[marina2325]

good video. thank u 4 sharing.

[GrimTTL]

this is awful, the voices!! and jumping between topics! why would anyone want to 'share' this with anyone else?

[SilverWolfaire]

Good video, but the voices were awful, I almost stopped watching beause of them.

[ourearthhome]

All of this is good as far as it goes but it begs the question: why is there so much poverty, urban ugliness, environmental destruction and huge disparity of wealth amid so much wealth and productive capacity? Why is it harder to make a living today despite many having a better education? The whole point of economic progress is that everyone's life is supposed to improve, right? Might there be something amiss like some having the right to charge the rest of us for access to our own planet?

[rockyreggaeclark]

you sound like a 13 year old neomarxist

not-personal

your really have a good voice:"charge..access to our own planet"

as we move into a service economy, we look more and more like the third world, as americans don't ask for a functional 4th estate and cities only voting for one dems. america is used as the strong arm of globalists while our own judicial systems allow criminals to get away and the last few presidents have been the biggest criminals, eviscerating the constitution/looting pensions

[ourearthhome]

I may sound like a Marxist because the economist I study, the American Henry George, pointed out the only thing, in my opinion, the socialists got correct. And that was/is the fact that land value is created 100% by the community (a thing now agreed to by all economists although never spoken of) and therefore is the one thing that can rightfully be socialized, i.e. taxed. Now no one can talk about economic justice without being unjustly accused of being a Marxist. Google George and learn please

[jgposner]

I see, I should have read this comment more carefully before I asked my question. So you are saying, if the community as a whole provides value to the land, then the community should reap the benefits of that value they added. Therefore, the solution is to return the value that the community added to a piece of land back to the community in the form of taxes. Of course, a house and other improvements was value added by the individual and therefore shouldn't be taxed. Right?

[ourearthhome]

Correct. The basic concept of justice is whoever creates a value should get to have and enjoy that value. The community creates land value and individuals create the value of everything else. The community should fund itself out of land values and individuals should fund themselves out of the value they produce. For an individual to take community created land value is a form of theft and it is theft for the community to take the value you as an individual create. Simple enough.

[jgposner]

The problem is we rent our money from the banks. Our money is backed by all the labor and property of every US Citizen. The US government, instead of printing it's own money, it prints bonds and sells them in order to raise money. The Federal Reserve buys these bonds with money created out of thin air. This becomes reserves so banks can create 10X that. It is FRAUD! Would you ever give your car to a car rental company just so you rent it back? That's exactly what we are doing with our money.

[ourearthhome]

Yes I agree that the monetary system is a total fraud and is now coming apart. But this is not the whole picture. When I learned about the land question I realized that the fraud of private ownership of community created land value predated the money question. The monetary system is built on top of the land fraud system and serves land speculation to this day. Our money system is being looted now after land speculation was taken to its absurd logical extreme. We need to make both systems honest.

[jgposner]

I searched for Henry George Land ownership on google video and found some stuff. Very interesting. However, I think we must undo the monetary fraud before we can clearly see all the other issues. Thanks for pointing this out to me, I'll make sure I give it some serious thought. Has anyone proposed a solution? Not just turn over all land to the state but an outline of the actual steps that need to be taken. Can you send me a link to a online video or something?

[ourearthhome]

You can see videos I have created and then look at my video favorites. The proposed solution is to tax land values and decrease or eliminate taxes on labor, capital and products. This can most easily be done by changing the property tax to a land value tax only. Pennsylvania already allows cities to tax land values more heavily than improvement values. Pittsburgh rebuilt itself using this plan and about 2 dozen other cities in PA have used the same idea to various degrees all to good effect.

[youtubies2]

Hi,

Any chance i can get a copy of the the script - feel it might help with my exam coming up. Cheers, NK

[ozzlefozzle]

it has nothing to with net worth, GDP is a just a measure of total expenditure, what should be noted is the measure on RGDP per capita, TFP measures, and the level of consumption derived from these measures with an examination of the level of G in the AE identity.

Some people keeping looking at the WRONG data, why? so they can try and make a completely false claim on topics they misunderstand for whatever reason but usually ignorance and stupidity.

[psikeyhackr]

Yeah, economic growth doesn't have anything to do with the NET WORTH of the average citizen.

When do economists ever talk about that? The banks give people good credit ratings and encourage them to go into debt which is taking on liabilities.

Oh no! This is sounding like accounting. With today's computers why shouldn't everyone know accounting? Why don't economists suggest that? Why doesn't anybody suggest that? It must be anti-capitalist, anti-socialist and anti-communist. LOL

[Soraal]

Why shouldn't everybody know medicine? Or literature? Or, or, or...? ;)

Liabilities are sometimes good. You borrow money to make more money, and just keep borrowing. It's a never ending cycle. Did you read Rich Dad, Poor Dad? It had an interesting explanation on liabilities, saying that your house is your greatest liability, not an asset. Cause your mortgage is really, really long.

[psikeyhackr]

Why don't you try finding the word DEPRECIATION in Rich Dad, Poor Dad? He never uses it. The concept in two sentences on page 80 talking about cars and golf clubs.

The long mortgage means paying twice as much in interest as the price of the house. Only your equity in the house is an asset. But if it is payed for then you have 100%. Bet you can find a bank eager to give you a loan on it. They want the interest on your liability. They call it an investment.

[psikeyhackr]

Double entry accounting is 700 years old.

SCIENTIFIC medicine is less than 200 years old.

Literature is just about useless for anything but talking to people that want to make a big deal about literature.

Shouldn't that double entry accounting be pretty easy with the computers we have now? But that isn't how they teach things. In 4 years at IBM they never said that almost all computers are von Nuemann machines. Try finding a good explanation of how one really works. GOOD LUCK!

[jgposner]

Money is free to make so it should be free to use. I'm talking 0% interest for every US Citizen. The check would be collateral and income. Banks have the power to create money with a few keystrokes, yet they make more money on a mortgage than the builder of the home. If you say it costs money to maintain the system then replace the system. Fractional reserves is the most inefficient, illogical, and backwards accounting system in history.

[InfantDeity]

This was fantastic.

I'm currently revising for my AS macroeconomics exam, and this covers pretty much all the material I need to know. I was wondering if I too could perhaps get hold of the script? If not, no worries. Thanks for posting the vid.

[Soraal]

Sure, send me a Private Message with your email so I can send it to you.

[Snape230]

Very clear, very correct and very informative. Quite simply brilliant!

[Soraal]

Thank you Snape!

[Helenabu]

Hi, I was wondering, could you please send me a script of your movie about macroeconomics?

The thing is, I need to make a homework for school about macroeconomics and we need to use some movie from youtube, and I saw your's and thought it was great...but I need to translate it to Portuguese...that's why I'm asking you if you please could send me a script, that way it would be easier to translate.

Thanks in advance.

[Soraal]

Hey! I emailed you the script :)

[Helenabu]

Thanks a lot!!

I already recived it.

It really helped me. Thanks.

[dalittler]

would be great wihtout the crazy voices!

[Soraal]

Haha, that's my voice! I had to change each voice using a program so listeners could distinguish between each speaker :P

[netm8]

u should not ! :(

[Soraal]

I won't next time! ;)

[Mika20]

This is very informal. :)

Thanks for a wonderful video. ^_^

[Soraal]

Thank you Mika :)

[Mika20]

Aw, your very welcome. :)

[babo520]

that was really helpful!

[Soraal]

Thanks babo!

[SenorBastardo1348]

its deficit...not deficient.

[Soraal]

Yeah I know.. Why, did I say deficient? :s

[excentricity]

this really helped understand micro !! soo cute:P love the slides..