Yes being able to afford living without suffering in pain for 12h would make me very happy

People say money cant buy happiness. If i can buy a yacht im happy.

Can’t eat money

LOVE THIS SO MUCH, SO WELL EXPLAINED

Thanks

gdp/c is only good for finding tax havens at this point

NIMBY. Rich leftists are a big hypocritical.

This is a very well conducted discussion; both men speak sense and listen well. It would be good to have a repeat of this meeting, what with everything that's happened since. For instance "...a lot of people feel that the Federal Reserve printed too much fiat money..." - this, prior to the insanity of the printing since March 2020. Mr Sumner makes a good point in that what we need is Government restraint and intelligence. Again, given the political pantomime we find before us, good luck with that hope.

❤

thanks bruv u saved my butt the econs notes buggy 😢

It doesn't even measure the 'things we buy' bro

That's bullshit. That's corpocracy, not corporatism. Corporatism is an economic plan based on the cooperation of the working class and the CEOs, with a common goal of production. Corporatism based itself in the concept of the medieval guilds.

Most Mexicanos were subsistence farmers. That’s what this video leaves out. So when she says subsistence agriculture was hurt as if it’s a small externality. Is wrong. Immigration didn’t increase because the United states looked so much better than their ancestral culture. NAFTA replaced a way of life with cheap goods and increased factory based work conditions

Mickey Mouse!

Well, someone has definitely watched the Prestige by Christopher Nolan :)

Thanks alot! keeps up the quality!

amazing explanation

Does an increase in productivity necessarily increase wages? It seems the rate of wage increases haven't matched the rate of productivity increases. How is productivity measured? Is it in terms of output per unit time?

How Africans think: rich countries have more factors of production because they stole it.😂😂.

Hair cut is for Rs 130 now in Pune.

He and Alexander Hamilton would have got along well.

Bitcoin blockchain is the only true price discovery monetary system

I love the jokes and explanation in 😊 the video

INTERESTING STORY YOU HAVE THERE I MAY SEND YOU 20 TRILLION IN ZIMMM BAWB WAYAN CASH :) RHODESIA WAS A FIRST RATE ECONOMIC POWER # 2 IN THE RANKING ACROSS AFRICA WITH PLENTY OF ELECTRICITY AND AIR CONDITIONING A STABLE CURRENCY RUNNING WATER MEDICINE THRIVING AGRICULTURE CANALS FOR AGRICULTURAL EXPANSION SCHOOLS PLENTY OF JOBS NO TRASH IN THE STREETS THE LOCALS HAD THE 2ND HIGHEST BLACK WAGES ON THE CONTINENT AND IT WAS GROWING RAILROADS WILDLIFE CONSERVATION CLEAN STREETS AIRPLANES AND AIR TRAVEL PLENTY OF PETROL AND DIESEL PLENTY OF HYDRO ELECTRIC POWER PAVED ROADS HOSPITALS FUNCTIONING SEWAGE SYSTEMS THRIVING STEEL INDUSTRY WEALTHY BLACK NEIGHBORHOODS PLENTY OF FOOD HUGE TOBACCO TRADE A THRIVING ECONOMY PLENTY OF COAL EMERALDS AND IRON ORE TELEVISION GROWING INDUSTRIAL BASE THE WHITE PEOPLE BROUGHT THE LOCALS FROM THE STONE AGE TO THE SPACE AGE IN 3 GENERATIONS THE TRIBES HAD THE LAND FOR 400,000 YEARS AND THE BEST THEY COULD DO IS BUILD A FUCKIN MUD HUT AND DIE FROM SIMPLE INFECTIONS THEY GOT FROM A SKIN SCRATCH THE WHITES ALSO BROUGHT A PARLIAMENT BY 1924 MODERN TELEPHONES DEPARTMENT STORES SO NATURALLY THE JEALOUS LOCALS WORKED WITH THEIR COMMIE MASTERS IN RUSSIA TO DESTROY IT IDIOTS WORLDWIDE DONATED TO CHARITIES THAT CLAIMED TO FEED HUNGRY CHILDREN BUT WERE IN FACT JUST A FRONT FOR FEEDING COMMIES IN RHODESIA LOTS OF FOOD IN TERRORIST HANDS WERE TRACED TO SOVIET BACKED FOOD CHARITIES THAT PROMISED TO FEED HUNGRY CHILDREN AND EVEN AFTER THE REVOLUTION THE FACTIONS KEPT MURDERING WHITE PEOPLE THESE LAST 40 YEARS PROVING THAT GENOCIDE AGAINST THE WHITES WAS THE WHOLE POINT WHITES HIRED PLENTY OF BLACKS IN RETAIL IN AGRICULTURE IN INFRASTRUCTURE 70% OF THE MILITARY WAS BLACK RHODESIANS 80% OF THE POLICE WERE BLACK RHODESIANS NOW WITHOUT THE WHITE INCOME AND ECONOMIC DEVELOPMENT BY THE WHITES THE LOCALS ARE ALL SUFFERING YET THEY WONT LOOK IN THE MIRROR THEY ONLY BLAME WHITES WHO HAVENT BEEN IN CHARGE FOR 45 YEARS THEY'RE COMMUNIST PAWNS- NOT freedom fighters ONLY THE BRAIN DEAD BELIEVE THEY WERE FIGHTING FOR FREEDOM THEY WERE ONLY FIGHTING TO DESTROY THE CIVILIZATION THAT THE WHITES BUILT NOW DO YOU SEE? WITH THE LOCALS - NO MATTER THE SUBJECT ITS ALWAYS THE FAULT OF THE WHITE MAN YOU CAN STAND IN QUE FOR 3 DAYS TO POSSIBLY GET SOME PETROL IF THERE IS ANY AVAILABLE WHEN YOU REACH THE FRONT OF THE QUE WHO LIVED IN RHODESIA BEFORE THE TRIBE? THAT TRIBE MURDERED THE OTHER OLDER TRIBE AND TOOK THEIR LAND BUT YOU DIDNT WHINE ABOUT THAT WHEN ONE TRIBE SLAUGHTERS ANOTHER TRIBE AND TAKES THE LAND YOU ARE OK WITH THAT THE NDEBELE SLAUGHTERED THE PREVIOUS TRIBE SO IT WASNT REALLY THEIR LAND EITHER ASK THE COMANCHE IN AMERICA WHO HAD THE LAND BEFORE THE COMANCHE SLAUGHTERED THEM GO AHEAD THERE ARE STILL LIVING COMANCHES IN TEXAS ASK THEM :) MOO GAH BEE WAS JUST A PAWN FOR RUSSIAN EXTREMISM HE SOLD YOU OUT FOR 45 YEARS AND GOT MILLIONS IN CASH HE WAS WELL PAID AND DELIVERED POOR PEASANTS TO DIE FOR MOSCOW THE BREAD BASKET OF AFRICA HAS BECOME THE BASKET CASE OF AFRICA NOW THE LOCALS WHINE ABOUT THE BLACK LEADERS WITH THE LOCALS IT'S ALWAYS TRIBAL WARFARE THE MOSCOW BASED BLOOD DIAMOND HORROR BEGAN IN 2006 LONG AFTER THE WHITES WERE THROWN OUT LOOK AT SALISBURY TODAY RUNNING WATER AND AIR CONDITIONING ARE IN SHORT SUPPLY BUT THERES PLENTY OF DEAD BODIES IN THE STREETS The GDP of Rhodesia in 1980 was the same as New Zealand. The GDP of Zimbabwe in 2010 was the same as Haiti. SO MUCH FOR " FREEDOM FIGHTERS " BRAIN DEAD BLACKS IN 1960 : " GOSH SALISBURY LOOKS SO TERRIBLE NO GARBAGE IN THE STREETS NO STREET CRIME LOTS OF JOBS LOADED GROCERY STORE SHELVES LETS ADD A LITTLE COMMUNISM AND SEE WHAT HAPPENS" NOW THEY SMUGGLE FLOUR AND COCAINE THE DICTATOR CLAIMS HE WILL SET THE CURRENCY TO THE GOLD STANDARD WHICH MEANS HE WILL PERSONALLY LOOT THE TREASURY OF GOLD YAY MOOOO-GAHHH-BEEEEE FOR CRUSHING THE LOCALS FOR 6 DECADES - 38 YEARS AS PRESIDENT BUT AT LEAST EVERYONE IS NOW A TRILLIONAIRE WHERE DID MOOO GABBEY GET THE MILLIONS TO BUY HIS LUXURY EUROPEAN MANSION?

This is utterly retarded, people planting coffee 1$ a day are apparently paid too much? Yeah sure buddy that's the real problem here

who ultimately paid for this messaging? The argument about productivity doesn't stack .. productivity has been increasing for years across the first world nations .. and the only people who benefit are the 1%, The rest of us keep getting poorer.

It's exceptional, Sir. You help me to understand things that I've confused for years. Thanks a lot.

Update: the required reserve ratio has been 0% since March 2020.

What about crowding out the long run? You should mention that it just results in the government being a bigger portion of GDP, even after the economy goes back to full employment.

Why did Smith request for his manuscripts to be burned?

Best explanation ❤ from india

Thank you, this channel actually has Chinese subtitles, which has greatly benefited me.

We are not a capitalist nation

Wow your explanation is mind-blowing and from India ,and any lecture could not teach as a simple way like you😮

In my country it is called cash reserve ratio... Thanks this video helped me a lot and whole channel as well you made economics fun

Incredible video! Unprecedented way of teaching!

Fiat money has alwase just sounded like the government saying "I can run the economy better then the economy can run itself" and that level of hubris is babylonian.

I love the samurai sword! ⚔

2:00 government purchase and spending are not the same

Nice explanation with the Globalization Elephant. 4:00 People are fine with no growth. The problem is that Inflation is not zero in that time period. So the net result is that these people are loosing the purchasing power. Its not even constant. Thats the issue.

So is everyone in CAR starving? How do you survive on 6 baskets of food a year?

Make higher education accessible to everyone and everywhere. Promote vocational programs through apprenticeship. Incentivize people to exercise and study/read more. Promote arts like music and dance.

This is really interesting! Thanks 🙏

A question I was making myself today was, if a country is underdeveloped in terms of infrastucture and technology, yet everyone, or the majority of people have access to food, water and a shelter, would that country still be considered rich? As oppose to a country that is technologically developed yet the average citizen barily gets their needs met, example having 1 meal per day and having to share a shelter with serveral people.

Man always sounds like he's about to challenge me to a game of chance by guessing what glass of wine's been poisoned.

Im here today , how do you get the answers to the practice questions

Can someone explain where did we get $90 if all the $900 were lent out

Deirdre 👏

I know it’s a bit late, however, thank u soo much!

Plz nake these types of videos more and more