What is Fiscal Policy? | Fiscal Policy Explained | The Global Economy | IB Economics Exam Review

[@BiblePatriot]

This channel is a hidden gem

[@rodrivrodri7011]

As a grad student in the Global Affairs field, I been struggling with Economics and your video was so helpful. Thank You

[@lucialorenza1373]

Finally understanding this! Thank you so much 😌

[@BradCartwrightEconomics]

You are so welcome! Good luck!

[@muhammadsyukri5778]

VERY HELPFUL FOR MY ASSIGNMENT IN UNIVERSITY

[@lindalindsay1018]

Thats for such a clear explanation.

[@obenozgur]

It's like you are reading my mind sir. This channel is pure golden.

[@BradCartwrightEconomics]

Glad you think so!

[@melissabalqis1995]

Thank you Brad, your explanations was excellent.

[@yashswargiary5306]

Really straight answer, easily understable great thanks.

[@BradCartwrightEconomics]

Thank you!

[@jzhuo5145]

Thank u. Very clear explanation

[@BradCartwrightEconomics]

You are welcome! You may find my website useful as well...www.bradcartwright.com

[@mridulsahu_]

Very simple and direct. Good job!

[@BradCartwrightEconomics]

Glad you liked it! Thank you! Be sure to check out my website at bradcartwright.com.

[@onchokeraphael2191]

There we go. Thank you sir for the simplified illustration

[@timeforel]

Everything is clear! Thank you

[@davidagyei5858]

Thank you sir really appreciate it. The world is our class room.

[@KobiB-hw4xg]

U look like more of a surf instructor rather than an economics teacher haha

[@frankndukwe-yx6ds]

Your explanation was so great and simple

[@jerryadriko]

We need these discussions in Uganda 🇺🇬 Thank you for the great content

[@lynjaraparcasio8744]

excellent, more videos please

[@karfar8029]

Fiscal policy is the injection of reserves into the private sector via spending and the elimination of reserves from the private sector via taxation.

[@ellauradean3497]

Thank you!

[@WijthaGayan]

Great work

[@praisesayi7350]

You saving lives

[@boodup3021]

Please how can I get a fiscal policy of a country

[@sapphic1975]

Thank u so much

[@laxmanneupane2617]

Hey Brad, you doing good work! keep it up!

[@user-wj1qs9jh3c]

Cool sir. I understood better 😅

[@BradCartwrightEconomics]

Great 👍

[@manzoorahmad-mu3xv]

Hi, I wante to watch and learn the micro economics lectures but I can't watch help me please

[@bwalyakaunda1268]

Thank you, your content is so useful.

[@dianajuliano9213]

how does fiscal ad affects our life?

[@ahmedrayhan7807]

THANK YOU, SIR , IN BRITAIN WE NEED TEACHERS LIK YOU

[@BradCartwrightEconomics]

Thanks, M Arafath! You may find my website useful as well - www.bradcartwright.com

[@georgemwanza6339]

Which text book is best for macroeconomics?

[@vecnasbabydaddy3504]

Thank you so much this was so helpful!

[@BradCartwrightEconomics]

Glad it was helpful!

[@yollee8703]

Is it possible to design a fiscal framework that is sufficiently flexible to deal with all the shocks and events that economies face?

[@harsimarsinghtoor9779]

Idk

[@davidarredondo8037]

Awesome breakdown. Especially for myself. I understood a lot easier with the colors haha

[@BradCartwrightEconomics]

Great to hear, David! You may find my website useful as well - www.bradcartwright.com

[@maranatadady3145]

Thanks bro but I can't understand this portion effectively like other lessons because it's just like such a confusing part but your teaching method is better

[@kwebic3660]

Me being in middle school... "Yeah why not"

[@soul._proprietor]

You are awesome

[@BradCartwrightEconomics]

Thanks, Bryn! You may find my website useful as well - www.bradcartwright.com

[@croppingchair5538]

"But lets take a look at a basic defini..."

[@maxheadrom3088]

If Fiscal Policy is just a ballance between revenue and expenses then what makes it different from Monetgaryl Policy? Isn't Monetary Policy also a balance between revenue and expenses? If the State (not the government) taxes y9ou 25% you should be pretty pissed off that Warren Buffet pays only 15%, right? Fiscal Policy is not only how much but how, from who, where and for what. I'm making the point because this should be on a 1st lesson about Fiscal Policy. The Government can reduce your tax from 25 to 20 and increase Warren Buffet's tax from 15 to 20 and that would result not in zero change but on a large increase in revenue for the treasury since I'm almost sure Buffet's 5% is probably larger than your 5%. Now that the treasure has some extra cash to spend what should it do? Should you build a wall, buy more F-35s or invest in pre-school teacher's qualifications and increase their wages? Remember the "where and what for"? The answer is not always so easy as chosing from 3 options with one of them being certainly much more important the three others, right? Financial Policy is much more complicated than Monetary Policy and is also being regarded as more important. After 2008 a bunch of countries had to control their public deficits so they could get better ratings from Moody's and S&P, for instance. Economists observed that contrary to expectations, those countries go worse. Methods are being developed to asses the safety of investing on a country based on its Fiscal Policy because sometimes, specially during economic crisis, spending more and making the deficit grow can be a good thing *if* you tax the right people and spend those funds well and on important things that will cause the country to, in the future, grow economically. A stimulus check or a tax cut to Warren Buffet won't change the economy because he already has more than he needs and those funds will go right into the financial market. If you, however, raise the Warren Buffet's taxes (since he keeps saying he wants to pay more taxes) and give those funds to the poorest people they will buy more food and even go to the doctor - the money they'll receive will pay the supermarket worker and the farmer; it will even help a medical doctor who still has a huge student loan to pay to get more clients! Pre-school (and before) is the only period in our lives that all we do is learn. What we learn in that period is the basis we use to translate the world into meaning - it's when we form unconscious mental structures called gestalts. What amazes me is how few people know this to a point that I'm sure some of you thought a wall and a F35 were more important than a pre-school teacher. That's why fiscal policy is so complicated, important and effective when done correctly. Walls and F35s are distractions most politicians use so voters won't realize they don't want to change the horrible fiscal policy we currently have.

[@georgewilliams258]

Sorry you were not my teacher from kindergarten

[@imiikhan]

🖤🖤