This is a short description of how government hurts the economy through intervening in trade. Additionally I discuss dead weight loss, consumer surplus and producer surplus.
OK here are the comments you asked for. Will you make a video explain marginal social equilibrium to explain the purpose of things like excise tax and how market equilibrium can lead to market fail? Will you explain that the subsidizing of corn was more a result of lobbies hijacking government policy making than it was a bad government decision destroying the economy ahhhh?
Loved it..most of the people on my facebook will need a dictionary next to them..but its as simple as I could have put it! Thank you! Ron Paul 2012!! :)
Oh and one other point, can you give everyone the definition of a market failure maybe even graph one for people to see?
lnqusitor 2 weeks ago
OK here are the comments you asked for. Will you make a video explain marginal social equilibrium to explain the purpose of things like excise tax and how market equilibrium can lead to market fail? Will you explain that the subsidizing of corn was more a result of lobbies hijacking government policy making than it was a bad government decision destroying the economy ahhhh?
lnqusitor 2 weeks ago
Loved it..most of the people on my facebook will need a dictionary next to them..but its as simple as I could have put it! Thank you! Ron Paul 2012!! :)
anishaperez 1 month ago
Thanks a lot.really helped me understand the actual concept in my head.
xoaher 5 months ago