Lesson 3 - Inflation Explained [pt. 3]
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Hello and thank you for your videos.
Something doesn't add up in your explanation of the Japanese stagnation. You say it was deflation which led to stimulus packages. What if they had let the deflation continue and didn't create those stimulus packages, people buying only what they considered really necessary. Wouldn't that have stabilized the economy after a while?
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In the long run were all dead. So how long are we supposed to wait?
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Lesson 3 - Inflation Explained
GREAT INFORMATION GREAT VIDEO
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Lesson 3 - Inflation Explained
1-800-270-2928 SHORTSALE1000
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Never mind, didn't see the link in the sidebar.
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I haven't seen your other videos, so maybe you address it there, and I don't know to much myself so I'm not trying to argue against you, but I have heard the opposite of what you say here: That using Keynes ideas did help under the great depression. How can I know that you are right and they are wrong?/How do you come to the conclusion that it didn't work?
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I'm going to have to sleep on this before I respond; at the least, I applaud your efforts, though at worst, I fear you may be presenting a false explanation of economics... Bah, what matter; let the ivory towerists argue it out!
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Hi BasicEcon, something I am always confused about is the difference between capital and and money? Can you help clear this up?
caligvla71 2 years ago
Great question. It's kinda like asking the doctor what the difference is between fat and pounds, fat is measured in pounds or kilos.
Well capital is measured in terms of money. You have a collection of capital that are tangible assets like your home, your car, your DVD collection, you can trade those for money. But you also have non-tangible assets like your education and experience that you trade for money when you go to work and do clever things for your company.
BasicEconomics 2 years ago