Recession, Hyperinflation, and Stagflation: Crash Course Economics #13

[@JasonTodd339]

I used to watch these for fun as a teen, no idea I'd be watching in 2022 to prepare myself to dive into understanding a current recession 💀

[@СергейГалиуллин-п9ю]

*Main outtakes of this lesson* 1) *Hyperinflation* - when a country experiences a monthly inflation rate of over 50% or around 13,000% annual inflation. a. Extreme inflation also forces people to _spend as quickly as possible_ rather than save of lend, so there is no money available to fund new businesses. And all that uncertainty _limits foreign investment and trade_. b. The more money you print, the more inflation you get. c. Economists call the number of times a dollar is spent per year a _velocity of money_. When people spend their money as quickly as they get it, that _increases velocity_, which pushes inflation up even faster. 2) *Depression*. a. After the initial crash in 1929 the federal reserve _dropped interest rates to zero_, output and prices fell, and regular people started to expect further price declines. Unemployment rose to _25%_ and the average family income dropped by around _40%_. 3) *Stagflation* - when output slows down or stops, or stagnates at the same time that prices rise. _Stagnant economy + inflation_ = stagflation. a. The FED tried to address this by _boosting the money supply_ and _cutting interest rates_, but output couldn't rise much because of low productivity and the oil shortage. So all that extra money _just triggered inflation_.

[@GuilhermeSilva-kx6ms]

+Сергей Галиуллин Good thing man, for lazy people like me. Not the hero we deserve!

[@Asskickervicky17]

thanks for taking the time to do this, I always look out for your summary. t=They speak so fast sometimes so I don't always get all of their points. It saves me rewatching it ten times :D

[@amphibianvoice]

Thanks for doing this, but this cuts off.

[@AlexCiderGaming]

Hey :) . I was going through this crash course, and I noticed your comments throughout all the videos. It seems like after this video you stopped commenting. Am i just unable to see the comments, or did you decide that It was tedious to continue to make notes? Im just curious because i thought they were very good notes, and was trying to use them as a learing aid :)

[@clarasm5943]

I gotcha bro, I did the summary for the next videos

[@kawgrath1876]

Ayyyy who’s watching this during the economic crash 2020

[@melvinthedeathless.melvint6727]

Money Printer goes BRRRRRR.. Feds inflating a bubble; the best, most tremendous bubble ever....

[@rock3tcatU233]

Bigly bubble pop of 2020.

[@danielmajor1015]

sup

[@aeroball8360]

stagflation here we come

[@scorpisces182]

@@aeroball8360 exactly.

[@2Sor2Fig]

As a Zimbabwean myself, this is a pretty good summary of what was going on at the time. We actually sell posters now with laminated prints of all the old denomination notes we used to have. Good times, good times (irl, it was actually pretty sucky).

[@roilhead]

I am in New Zealand and I have a $1milion dollar Zimbabwean note on my fridge to remind me of what can happen. The big question is, how many $1million dollar notes am I going to have pinned up below it before this is over?

[@ivanclark2275]

I thought stagflation was when there's too many male deer, thus devaluing the buck.

[@181snake]

Well that made me smile!

[@philipb2134]

+Ivan Clark Stagflation occurs when too many friends of the groom gather to party, and there aren't enough strippers.

[@madman3470]

I'm not sure if this is the best or worst thing I've every heard

[@spectre111]

Oh my god!!! *ROFL* I wish i could show that to my economics professor, he was a deer hunter. XD

[@letsgetreal2501]

Oh, man

[@mrgallbladder]

Jacob, please squint your eyes a little bit and blink once in a while. I feel like you are staring into my soul.

[@Ziggy42069]

Squint your eyes like Wayne from letterkenny

[@Rosey00713]

"Anytime you have to express your inflation rate using scientific notation, that's a bad thing."

[@Warhawk666]

my favorite crash course is astronomy. I never thought I'd like economics; I never showed interest in it when I was in school. But this stuff is very informative and I enjoy this crash course a lot!

[@DanThePropMan]

Thanks for explaining the impact of expectations of higher prices on (hyper)inflation. I never quite understood how inflation was allowed to happen in Weimar Germany or Zimbabwe, but that's because I had been thinking about it as if it were entirely the result of the government printing far too much money, which seemed easy - and obvious - to avoid.

[@rjr81]

+DanThePropMan Economics is about trade offs. Hyperinflation happens when the government considers it better than the alternatives. Germany had a lot of debt to pay after World War I. Hyperinflation wiped that out. It's also a lot easier to start than to end.

[@mankytoes]

+rjr81 I don't think the Weimar Government intentionally caused hyper inflation. I'm sure they knew they would cause some inflation, but not that kids would be making kites out of money, it would be burned for fuel, etc.

[@rjr81]

+mankytoes I don't think they started out wanting to create hyperinflation, but I do think that there were a series of decisions where increasing inflation looked like the least bad option.

[@bestpseudonym1693]

+DanThePropMan the Germans gov't's hands were tied they, as according to the treaty of Versailles, had to pay reparations to the allied countries (because of Britain), however ever after having all their stuff blown up and spending a lot of money on the war and the rest on the dept, the German gov't said well i guess we just have to print the rest of the money good by economy.

[@mankytoes]

xpseudonym pseudonym It wasn't because of Britain, it was because of France! We wanted a more moderate course, the French wanted to hit them as hard as possible. Of course, they were the ones who had had half their country destroyed.

[@vaibhavgupta20]

I'll buy that zucchini she was selling last time for 100 trillion Zimbabwe Dollars..

[@Radswa_Chikinora]

@LowJack187 welcome to June 2020

[@biscoito1r]

recession is when your neighbor loses his job, depression is when you lose yours.

[@pepperjeanne1566]

biscoito1r lol

[@2000guineas]

Lol

[@honeymellybee1764]

hahaha Gosh

[@FissileThomist]

Kinda true. My great grandparents could barely hold jobs during the depression and when I was a kid I heard of kid’s dads losing their jobs.

[@rayt5520]

Been thru that when all my neighbors lost their jobs in 1984 finally found one after 6 months 4.50 hr my neighbor an electrical engineer 6 hr. whse supervisor .

[@vladabuba]

I lived through hyper inflation in Serbia in 1993. We had paper note in denomination of 500 billion dinars. That is 500.000.000.000 dinars. From first hand I have to say that I was not happy nor glad that I had to live through it and experience it.

[@awesomedez]

I just noticed Jacob's belt buckle at the end of this video

[@Crystalvampire66]

it's been cool the whole time

[@adilsohailpk]

+Bryant Mitchell cool

[@JadeyCatgirl99]

It is a different buckle from the rest of the video. They're both ACDC buckles, bu the font is different.

[@sedthh]

my grandmother used to tell us stories about the hyperinflation in Hungary they mention in the video she told us that whenever they got any money they had to spend it and buy things becuase it would not worth anything tomorrow "if you had the money to buy a cow, you should have bought one on the spot because next day all you could buy with that amount of money is a stray cat" as a kid I couldn't really get my head around this, I was like "how is that bad, who would not want a cat?"

[@otaku-jl5pt]

That pokemon reference at 6:43 tho "consumer used bind on central bank, its super effective"

[@daeunpark8173]

NOTICE THAT JACOB ALMOST NEVER BLINKS HIS EYES WHEN HE'S TALKING

[@ceskaKD]

Could u please put the subtitles on all of ur videos? So my students could catch up of what u saying. Cause u speaks soo fast and English isn't our first language. Thank u.

[@swampthingforteinadeyate9007]

If youre watching on yt then slow down to .5 genius

[@BrianSurkan]

I'd also like to see the Crash Course version of Austrian Economics. From what I have seen, the Austrian School would place most of the blame for the crises presented here on the government interventions such as the Federal Reserve. For example, no mention of the end of Bretton Woods in 1971 is made, but the cut to the fiscal honesty forced by the quasi-gold standard under Bretton Woods is the most compelling explanation for the inflation thereafter. Note that without a central bank, the markets automatically raise interest rates when the savings rate is low and lower them when the demand for loans is low. It is only when the Federal Reserve tries to twiddle with the interest rates that there are prolonged imbalances. In other words, the Fed impedes the natural market forces of the price mechanism. We should expect larger, more pronounced economic swings as a result.

[@MichaelRosmer]

In practice it doesn't really work like that and you can see the impact by going back and examining the US in the 1800s prior to having a central banking system (things weren't very good and they routinely had inflationary events and issues). The Fed today dramatically manipulates the market that's true and at some point that will probably blow up but systems without central banks haven't proven to work very well.

[@itssteve6018]

@@MichaelRosmer There is absolutely no evidence that the monetary system in the 1800s was somehow "worse" than in the 1900s. Zero. Evidence. Simply a repeated mantra of "economic" students who know merely how to parrot, and not critically investigate. Inflation in the 1800s fluctuated just above 0%. The only time inflation "events" happened was during the civil war, or when the gold standard was suspended. You're flat wrong to assert that it was somehow "worse" in the 1800s. In practice, central banks don't work as you believe, and there is zero evidence they do. But people like you will tell others to check, despite never having checked yourself.

[@MichaelRosmer]

@@itssteve6018 do you perceive that the only economic or monetary problem that can exist is inflation? If so I'd say that's where we'd strongly disagree. Economic and monetary issues are many. What's the objective of monetary policy? What should a great monetary system achieve?

[@nikp6302]

Watching this as the US is plummeting into a recession to know what I should do lmao

[@Anima7e]

Nik P start saving as much money as possible!

[@dan_youtube]

Spend the money cause they will be worthless

[@cheyanne919]

Stock up on food. Mylar bucket and bags. Stock up on seeds. Grow food if you can.

[@h.i.sjoevall4213]

08:56

[@duncanfromunderthebridge]

Lmao whoever said “spend all your money”, what an idiot. You need to save money, but not dollars. Buy gold, silver, etc. so when the crash comes, the value of the money you have right now doesn’t evaporate. In fact it will skyrocket.

[@trustme2001]

Who's here cuz of the coronavirus?

[@Andrew_572]

Me, definitely learning how the $1,200 USD check will be completely worthless.

[@Mabh838]

corona virus call it Chines or CCP virus

[@leifc.6045]

@@Andrew_572 weimar republic style.

[@mohdlubiskhan7713]

Welcome deflation 😭😭

[@jimettamarna417]

abhi sahdev - CCP Virus needs to become the common term for this....

[@Mobius14]

"next week we're gonna look at different economic schools of thought" >austrian school of economics TOP KEK

[@notreallymuslim6659]

>Shows Marx waving communist flag >complaining about Austrian economics >greentexting on youtube k

[@RedLeader327]

+notreallymuslim Austrian economics work on paper only.

[@scalp340]

+millenniumdragn Austrian economics pertains to the study and analysis of economics based in Praxeology, not some economic model that makes sense on paper. So I think your premise is incorrect.

[@scalp340]

aNaRcLaSm Nice try: www.goodreads.com/quotes/846342-praxeology-is-a-theoretical-and-systematic-not-a-historical-science

[@aNaRcLaSm]

Nick Tanzillo Interesting, the last part is the only part that matters though.``They are not subject to verification or falsification on the grounds of experience and facts.”

[@AlwaysSullied]

Wait what? @ 7:16 she says it was the "massive government spending of World War II that put it there [the Great Depression]" The GD happened in 1929, nearly 10 years before any hints of WWII (In Europe at-least). I'm not sure if it's a typo in the script or they just got their facts seriously messed up but I'm pretty sure she should be referring the to government spending of WWI.

[@rjr81]

+Deefultz42 The massive government spending brought the US out of the Depression, not into.

[@shayson1357]

wow, my first video from this channel....this is great, subbed.

[@YAOES]

I love this series!!! I wish I had money to support this! I mean, I've loved other courses in the past, but this one has just blown my mind. I might have to go into business in college... Hmm... Anyway, I'm going to get a job in a month or so and I will start contributing through Patreon!!!

[@harperbroome7109]

This was a really good video!!!

[@ayotanmiwaa]

Wow these guys are amazing. I'm in this thing called model UN and i have Venezuela this year (2019) and its very very crazy there now and i was soo confused and i felt like i wasn't going to do a good job. But this video dramatically helped me in understanding what is happening in my country and how i can help it. Thank you Guys soooo much!!!

[@stephan2796]

6:46 look at the pop up bubble. When she says "bind", the bubble shows the pokemon animation for the move named "bind".

[@LetsTakeWalk]

Is there such a thing as hyperDEflation? And has such a thing happened and is it a bad thing?

[@mbanana23456]

Well the economy would collapse almost completely so yes that would be a bad thing

[@The2005rwb]

+Lawrence Tider Yes, there is, and it will happen if a Republican is elected in 2016.

[@notreallymuslim6659]

+The2005rwb shilling it up hardcore yo

[@neeneko]

+Lawrence Tider It is a thing, but is much harder to pull off. BTC was a candidate, but not enough people care about it. Gold standard can get pretty close though. Years ago I recall reading about examples of rather localized hyperdeflation in poor nations where a single (or group) of investors was able to control the money supply of an entire nation and grind it to a halt, but it was so long ago that I can not recall the specifics and could be misremembering.

[@rjr81]

+Lawrence Tider Bitcoin around 2013/2014 might count. It probably can't happen with a major currency because it requires a massive increase in the amount of goods available for each unit of currency.

[@reyisawesome]

I just saw this subject in my macroeconomics course today. I'm glad i can understand it now

[@ElitheFixer]

Thanks guys, I enjoyed this class very much!

[@iampyre2016]

“Everybody’s a billionaire!” I died laughing.😂😂😂

[@will_be_like]

This series taught me more than my econ teacher.

[@bcnicholas123]

thank you for this series

[@gucciglacierz2146]

Crash Course is so fun to watch!!

[@AlexTrusk91]

0:58 note that a trillion in the us number system is "eine billion" in the german system, like in the most european naming systems for numbers :P

[@cyvarios]

OMG the bind animation was the best!!!

[@zebulundelgadillo4851]

I learned more in a ten minute video than I ever did in high school economics

[@ULTD8]

one of the most engaging episodes thus far

[@megameow321]

Adrienne, I heard you on NPR's Marketplace. Great job!

[@alphablitz1024]

I love that I can't tell which school Crash Course Econ itself subscribes to. Great work. Oh, and CHICAGO FOREVERRRR

[@FloridatedH2O]

Haven't watched this course in a while. I might start again.

[@gathukumatheri8091]

Crash Course is my favourite crash course series of them all

I came here in august 2022, trying to understand what’s an stagflation

[@lonestar98]

This course raises my value

[@NguyenNguyen-pi9xk]

3:32 I think the column of prices might be maximized before the column of output because the more money you print, the more inflation you'll get so prices rise sharply.

[@abhijeetsingh4712]

Great Work Team Crash Course !!!

[@AlvinRyellPrada]

I am here to understand what is gonna happen to our economy after the Corona Virus outbreak😭

[@benknosby2758]

You all do a great job. Thank you.

[@darkpaw1522]

*Lesson of the video:* Become rich before the next recession, otherwise banks will play volleyball with your money.

[@peterchin7796]

I wish the economic class in school were so fun! keep up the great work!

[@MultiSciGeek]

That guy is like professor. Everything he says goes over my head. Speak slowly and with meaning.

[@JsmartTV]

There seems to be contradiction in the video itself - the thought bubble explains that the central bank controls money supply (speaking of money supply, output prices and velocity - or Friedman's model of inflation), whilst at 5:50 the video speaks of the central bank controlling interest rates in order to influence lending in an economy - and therefore output. This is basically teaching either the NCM or endogenous money theory alongside completely contradictory exogenous theory. In order to REALLY speak of any issues raised in the video the question of "where/how is money created?" needs to be answered (hint: thats not in the central bank).

[@freesk8]

Looking forward to hearing an unbiased summary of the Austrian perspective....

[@clickthelink92]

Yes! Finally, schools of economic thought

[@freesk8]

+clickthelink92 This only presented the Keynsian. Austrian was nowhere to be found. Nor Chicago School.

[@AdmireRoxtars]

+freesk8 I think he's referring to the end of the video where they said that the next episode would cover the schools of economic thought.

[@claytillman2227]

3:18 is not correct. When you increase the money supply you are therefore increasing aggregate demand. Which in the short run will result in an increase in output. However, this increase in output in not sustainable due to the production function. The only way we can get a long run increase in output is a change in that production function.

[@juancpgo]

Lovely, beautiful photo at 5:30, the whole family looking at dad's face.

[@saeedbaig4249]

3:20- How can output b maximised? Isn't output, for all practical intents and purposes, limitless? After all, the more money I have, the more I could import, so output can always continue to rise.

[@pocok5000]

Yay, my country was mentioned in a crashcourse video!

[@mabada20]

I can't say I've ever heard of a "portmento" i always thought it was "Portmanteau"

[@wiggumesquilax9480]

+Sheath So, a malamanteau?

[@philipb2134]

+Sheath Portmento is a container for carrying mint candies

[@rediius]

"One thousand billion" You mean, a trillion? That's not an uncommon word, you could have used it without too much confusion, you know. But otherwise, thanks as usual for the super compact and informational video Crash Course!

[@ray1983able]

Hyper Inflation , Velocity of money , Depression/Recession , Liquidty Trap , Stagflation .

[@traderknightzbitcoinuniver8168]

Oh wow the US is already there, what a surprise....

[@kr9244]

Please do a video on how increased productivity through technological advances offsets the inflationary pressures of the fractional reserve banking regime.

[@vivekuniyal3632]

You guy's are awesome! Appreciate it.

[@blownspeakersss]

I love this series; I just wish you guys would show more of the math involved. Economics at university is basically applied mathematics.

[@jamescarmody4713]

Math is the work of economics, which is beyond the scope of this course. If you do want to learn the math, though, Jacob runs a youtube channel that really goes into it. Check out his first video on microeconomics. He shows many of the graphs involved: kzbin.info/www/bejne/aJrdqWiNZqt0e7c

[@thevirtualjim]

So, it seems the key is to not increase the money supply if there is no capacity for production/output to increase.

[@carlosgavidia6459]

I don't know what I would do with you!!! Thank you!!

[@thespeakingsocialist8732]

I have a test on this in a week! Thanks

[@JinYoungDaeBak]

At 6:15 is it really a Liquidity Trap, shouldn't it be a deflationary spiral? I thought a liquidity trap had more to do with interest rates. Just curious!

[@elessarmcmahon1505]

Does anyone know what the meaning of output is (3:22)? Can you explain to me please? Thanks in advance.

[@UKpowerlifting1]

Elessar McMahon Essentially output is how much an economy produces. In this case, printing more money usually means going through banks so that banks have more money and will therefore be more willing to lend money to investors. If it's easier for investors to get loans they can invest more in expanding their business, creating jobs and new work which means overall more production in the economy so output goes up. This happens when there's spare capacity in the economy, that is when the economy is producing as much as it can with its current factors of production (land, labour, capital and enterprise). For example if theres a 5% unemployment rate the economy has spare capacity as it's labour force isn't fully utilised so by printing money they can increase employment. If there's full employment and no spare capacity inflation happens as there's more money in the economy because the government is printing more, so spending goes up but output doesn't and price rises due to demand pull inflation. Google phillips curve to see a diagram of it.

[@yomarcelojeje]

Fantastic video. Great work.

[@notaphilistphilipp3882]

100 trillion Zimbabwe $ was the denomination with most zeros on a banknote ever, but the largest denomination ever issued was the 100 million B.-Pengö (100 000 000 000 000 000 000) note in Hungary 1946.

[@hellothere4858]

oh man u guys are going to adress one of the ultimate internet landmines , this flame war is gonna be fun to watch

[@davidparker7216]

I am glad people see this

[@therealquade]

if the expectation of higher prices, leads to higher prices, does that mean Hyperinflation is effectively a speculative bubble on all goods and services?

[@JamesArdito27]

"In retrospect, it seems that the lesson of the Great Crash is more about the difficulty of identifying speculative bubbles and the risks associated with aggressive actions conditioned on noisy observations. In the critical years 1928 to 1930, the Fed did not stand on the sidelines and allow asset prices to soar unabated. On the contrary, its policy represented a striking example of The Economist’s recommendation: a deliberate, preemptive strike against an (apparent) bubble. The Fed succeeded in putting a halt to the rapid increase in share prices, but in doing so it may have contributed one of the main impulses for the Great Depression" www.frbsf.org/economic-research/publications/economic-letter/1999/march/monetary-policy-and-the-great-crash-of-1929-a-bursting-bubble-or-collapsing-fundamentals/

[@VashdaCrash]

6:43 Is that a pokemon reference?

[@coolcatstuidos]

+AngelHQ Yes it is

[@VashdaCrash]

Max Donovan XD I knew it

[@whatshisnamegain1]

Omg, I didn't notice that at all xD

[@TheHaseowerewolf]

+AngelHQ *highfives*

[@cogs11]

I don't get it

[@MichaelMillerGR]

Anyone else here for a refresher?

[@thebestnunstopable7759]

it's a very good learning website

[@arimoku972]

hey im a big fan of crash course and i would to know the sources u used for your research prior to this vidoes.I would please like to know coz i have an economics project on the recent recession of NIgeria.

[@TheFireflyGrave]

So Econ is talking about economic crashes and Astronomy is talking about galactic crashes. Putting the Crash back in Crash Course.

[@Faiselmoha]

Thanks for sharing this important topic. May I know what softwares are required to make such a video for a KZbin

[@yarpen26]

4:05 I still don't quite get what that has to do with hyperinflation, increasing the speed of the ciruclation of money. I mean, so what, it still circulates within the economy, it's not like it vaporizes or anything. If the Central Bank doesn't print any new money, how could the inflation rate increase? I can understand sellers wanting to spike up the prices as soon as possible over the actual inflation rate since people are ready for this anyway and in that way their profits will be higher but why that would contribute to hyperinflation is beyond me.

[@wojtekthebear4958]

You actually answered your own question really. Money doesn't vaporize. That means the same dollar being used over and over acts similarly to the money supply increasing. If the same dollar exchanges hands a hundred times, a hundred dollars worth of transactions was just achieved, meaning demand was large. Large demand means the demand curve is farther to the right, pushing the equilibrium price of a good in a market up. That's basically all inflation is. If instead the same dollar only changed hands a few times, only a few dollars of goods were bought, meaning you don't have as much demand, so you have to lower your prices. This is deflation. It all has to do with the liquidity of money, or how easy it is to acquire a certain amount of money. That being said, the velocity of money (the speeds it changes hands) is generally looked over since it's usually stable, so in most cases thinking of inflation as just a rise or fall in the supply of money isn't a horrible way to see it.

[@gayatri-ydkh]

Did i just have an anxiety attack

[@that1niceguy246]

wasn't the biggest note ever issued post war hungary's 100,000,000,000,000,000,000 (100 Quintillion) Pengő note or is this one just not counted because the denomination on the note said 100,000,000 Bil.-Pengő?

[@NewhamMatt]

In Google Images, check out the Hungarian Sextillion Pengo note. These were actually printed, but never issued - the pengo was replaced by the forint before they could be used. (1 sextillion = 1 000 000 000 000 000 000 000 or 1x10v21)

[@jamescarmody4713]

Do you know where the image at 7:02 is from?

[@AAP5522]

Did anyone see Jacob's ACDC belt buckle? Rock on bro!

[@samramdebest]

6:00 why would prices fall when people spend less? I would think if people buy less, then businesses can't produce as much, and have less benefit from mass production, and they need to raise prices to offset production costs.

[@samramdebest]

Inorganic Vegan yes, but you can only go so low.

[@rjr81]

+samramdebest A lot of the benefit of mass production comes from fixed costs, like the cost of building a factory with the latest productivity enhancing equipment. A company facing falling spending and prices might still make from selling each unit than the parts and labor used to make it. The problem is that they might not make enough on top of that to pay for the loans that they took out to build that factory.

[@TheWallki]

+samramdebest Nope, because if you aren't selling your products at the initial price, then how do you expect people to buy your product if you raise the price? You lower your products price hoping that people will buy it, and you manage to reduce production costs by reducing the number of workers, lowering quality, etc. That's why deflation it's considered more dangerous than inflation, it can trigger a massive recession.

[@julianalbertoarcesanchez964]

+samramdebest A bunch of cars that won't sell doesn't do your company any good. At some point selling them even at a loss is better since it allows you to cover your short-term obligations, and just maybe, make it till the prices go up again.

[@fpoggesi]

+samramdebest Customers aren't obligated to buy your products, so if your average cost per unit goes up that's on you. If you can't make any money selling widets you shut down production and sell off your remaining inventory at whatever price will clear the market.

[@bbaker4117]

3:54 is that guy in the glasses supposed to be John Green blowing his Paper Towns Fuck You Money on that red refrigerator?

[@Blast6926]

@ Min 3:30 what do you mean by output?

[@RTRully]

That "AC/DC" best is cool!

[@unknow210]

hyperinflation got me thinking, does consumers confidence contribute to inflation as well in a stable economy? On the news, it always said consumer confidence at "some" year high, so they are incentive to spent more money, which get the economy moving for the better, does that mean inflation will go up as well?

[@zanealfredmonteiro2016]

Any economics video with Mr. Clifford is one worth watching, in fact just put him in the thumbnail next time

[@리주민]

Could a hyperdeflation occur? Would it bring a loaf of bread back to the value of $0.02 or would redenomination (similar to pound of 1971) be better for the same outcome (bread at $0.02 without skrewing with living standards)?

[@Lazarosaliths]

great video!!

[@21221sara]

Thanks crash course !!!!!!

[@JuukezeBarbie]

I wonder if any countries maintained to keep their economy stabilized with no inflation, deflation,stagnant,and stagflation...

[@denilsonmoreira8667]

Hi guys! Can you make a video explaining the recent Oil Industry Crisis and its effect on countries like Angola where the economy vastly depends on this commodity? Love your videos! Thanks

[@jlindsa]

I hope you discuss why some economies are more prone to these things than others.