granny just made that person the richest person in all of zimbabwe

So disgusting I almost feel bad commenting because I know it helps the absokute creeps who made this in the algorhithm. What a steaming pile of lies.

3:23 There’s far more to this than just “oh the government got greedy”. It’s more about balancing the budget and balancing inflation. Some countries choose to balance the budget by printing money, increasing inflation. The advantage of doing that is the government can pay for a lot more than taxes alone could provide for. The disadvantage is that it decreases the value of your currency relative to how much you print, which can cause severe instability in severe cases. Other countries try to balance their budget by well, actually balancing their budget. Increasing revenue (through taxes, tariffs, etc) and decreasing costs. These countries have to make some sacrifices to accomplish the great feat of being fiscally responsible, and they lose out on some growth because of it. And then SOME countries just ignore the concept of balancing the budget entirely and disregard their debt. That has its own long term issues which are well beyond the scope of this video. Now, please stay with me here this does actually get back to the whole “greedy governments” thing. A fiat currency has access to the first option while a hard currency does not. A hard currency is limited entirely to the first and second options and isn’t as easily controlled as a fiat currency. Fiat currencies are more flexible and involve more government control, while hard currencies are much more separated from the government, giving said government less ability to adapt to crises while also giving them less ability to cause crises. The situation described in the video isn’t so much a problem with a fiat currency itself with the government’s use of that flexibility. Money requires responsible usage. When someone mishandles currency, that’s not the fault of the currency for being mishandle-able but the fault of the person mishandling the currency. There are other points in the video I’d like to open for discussion (such as whether the government should be involved with money or not) however I’ve rambled on about economics for long enough. If I made any mistakes (or oversimplified anything), please cordially correct it in the replies so I can more clearly represent my argument. If you disagree with what I’ve said, please feel free to discuss in the replies.

3:23 There’s far more to this than just “oh the government got greedy”. It’s more about balancing the budget and balancing inflation. Some countries choose to balance the budget by printing money, increasing inflation. The advantage of doing that is the government can pay for a lot more than taxes alone could provide for. The disadvantage is that it decreases the value of your currency relative to how much you print, which can cause severe instability in severe cases. Other countries try to balance their budget by well, actually balancing their budget. Increasing revenue (through taxes, tariffs, etc) and decreasing costs. These countries have to make some sacrifices to accomplish the great feat of being fiscally responsible, and they lose out on some growth because of it. And then SOME countries just ignore the concept of balancing the budget entirely and disregard their debt. That has its own long term issues which are well beyond the scope of this video. Now, please stay with me here this does actually get back to the whole “greedy governments” thing. A fiat currency has access to the first option while a hard currency does not. A hard currency is limited entirely to the first and second options and isn’t as easily controlled as a fiat currency. Fiat currencies are more flexible and involve more government control, while hard currencies are much more separated from the government, giving said government less ability to adapt to crises while also giving them less ability to cause crises. The situation described in the video isn’t so much a problem with a fiat currency itself with the government’s use of that flexibility. Money requires responsible usage. When someone mishandles currency, that’s not the fault of the currency for being mishandle-able but the fault of the person mishandling the currency. There are other points in the video I’d like to open for discussion (such as whether the government should be involved with money or not) however I’ve rambled on about economics for long enough. If I made any mistakes (or oversimplified anything), please cordially correct it in the replies so I can more clearly represent my argument. If you disagree with what I’ve said, please feel free to discuss in the replies.

This show deliberately discounts the advantages of fiat currencies. Fiat currencies are good because they are actually very stable compared to currencies backed by rare resources. Let’s go back to our gold currency. What happens when a gold rush happens? Gold floods the market devaluing your currency causing _deflation_ which is a *very* bad thing. Fiat currencies allow governments both flexibility and stability. A bad government does have the potential to just print money but that leads to hyperinflation and economic collapse. But that’s not the currency’s fault, that’s the fault of the government. Yet the show paints it as if it’s all the fault of the fiat part of fiat currency. This is pretty much designed to indoctrinate people that the standard currency system is somehow completely wrong and the cause of all our problems, and the lack of a dissenting voice or an actual discussion is what makes me so concerned about this.

God, I wish I can watch it already but unfortunately, I don’t have the guild so I have to wait a bit more To watch it I just hope it will come out soon for the non-guilders (and that’s not me for being cheap I’m literally a minor and I’m too much of a goody-goody two shoes to not buy it without my parents consent and I believe my mom wouldn’t allow it since I live in in Turkey and euros and dollars are basically millions of dollars in my country) but I know as soon as it come on the non-guilders side it will hit close to home too many people

So… gold is backed by something other than the human belief that it means something right…. Right??

Natalie of Studio C is the voice of Karinne!?

This vid: communism is bad for cuba , capitalism is gud for cuba Also the usa: S A N C T I O N S

Classrooms actively hamper the ability to learn of one who wants to learn if those rooms have even a few people who don't want to learn in them.

Bruh😂 bro just arrested her own mom💀💀💀

Luckly theres cheap country like morroco which a lolipop is 1 dirham i think 10 cent or less

Hi, I’m Devon. I’m 34 years old. I love animation and I’m a new subscriber. I follow you on my other two channels also

Just keep in mind this is the same cartoon saying that buying crypto was better and safer than getting paper money.

Share this to pyrocynical

Who is funding you?

Who is funding you?

Exposed

No currency has backing...It only has the value society believes it does...inflation is literally a social construct and yet we get bounded by it instead of just going...Dollar equals one dollar again lol

Gabby your machines are broken No Karl your ideas are broken🤣🤣🤣🤣🤣🤣🤣

how people get cheated

it's crazy how so many women willingly put children in this situation for pure narcissism, selfishness.

mrbeast haters gotta see this....

In 1979 UK cucked Rhodesia. A nation that was on its foot able to make its citizens to have a job and a nice life. Now its all just a joke, That's why there's a anecdote "What did the people before Zimbabwe use to light up their homes, they use Electricity". Referring to Rhodesia

Someone pays

I hate fidel Castro

Cuba failed because of the still consistant sanctions from the usa

The method they use now is called the fractional reserve system.

And the governments do it all the time. *(Children, if you cheat during exams, you would be a governor someday.)*

Heck yeah! Providing a good or service is a GOOD thing!😎

Hey, warning to y’all, your domain is expired! Grab it back before somebody else takes it!

What is this Show called

Germany and a certain african country learned this the hard way

Does that mean that everyone that is good in school is not Creative or a genius?

This show is bitcoin propaganda. 0/10

What happens if you just copy but put a different number on it

No taxation

Considering how education is going, the rumors of that project 2025 that wants to dismantle the department of education, low rate of teachers for schools as numbers of kids increased along with the volatile situations with kids. This helps bring a bit of awareness of other ways of education

Pretty much everything about history and geography to answer that question

Great show, thank you for educating our kids with real knowledge and making these videos

Guidance counsellors for me back in 1983 were to sell me on college and away from farming, construction and plumbing. But looking back, I have been unemployed more than employed by going to college. And developing software is always subject to people who would work cheaper.

hey look someone who has no ide how inflation or economy works

Most unrealistic situation in my family 😭😭😭

Wrong the Invisible Hand is a star wars ship

This is why when you have a system based on riba it will always fail it is why we need to return back to gold and silver but that seems like a dream

The inf money glitch

You literally forget this when it comes to Marx :))

Ah yes, we were so much better under laissez-faire Capitalism :)) The rich were killing us with their huge "kindness"

Ah yes, you don't have enough food to go around in the USA :)) Also, every person who has stuff inevitably worked really hard for those possessions :))

Ah yes, Libertarians will help me so much, they are such caring, generous neighbors