Inflation and Bubbles and Tulips: Crash Course Economics #7
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Date: 2022-04-04
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Comments and reviews: 7
Eric
I like Crash Course and I tried to like this but. Economics simply isn't a subject you want to learn from highschool teachers who's true gift is engaging students not the actual field.
If you can engage yourself and want an easier to understand and infinitely deeper. No graphics and terms. Intro to economics -Thomas Sowell's Economics 101-
Written by an actual master of the field. Well don't take my word for it it bluntly put. Makes this look like the Keynesian trash others have called it out for. And all the -Most economist's agree- smiling condescension from these two doesn't makeup for a solid evidence based argument that says otherwise.
Thomas has the balls to say the true thing rather than the PC thing. I don't even have to watch the rest to know they never address the wage Gap. Bet they hide behind -most economist's say- and -it's a difficult issue-
Artificially raise the price (minimum wage) and you get a backlog. Backlog of human capital = unemployment.
Flood the market with stimulus's and prevent losses with bailouts like they support and you prevent business failure exactly as they say the goal is. Preventing businesses from taking damage and possibly being restructured in a bankruptcy -saves-
them from being forced to correct themselves at the expense of the citizens.
This Crash course is great those who want to -feel- like they understand economics. You can learn from anyone online. Do you want to learn the text book from two highschool teachers or learn real, applicable, evidence based economics from a master of the field?
I'm done taking the easy way to the bottom with crash course. It's fun, it's cute, it's very easy. It's very mediocre when it's not that plain wrong. And in the end. It's garbled and more difficult to understand because your are being taught by -teachers- not by masters who deeply understand the subject.
reply
I like Crash Course and I tried to like this but. Economics simply isn't a subject you want to learn from highschool teachers who's true gift is engaging students not the actual field.
If you can engage yourself and want an easier to understand and infinitely deeper. No graphics and terms. Intro to economics -Thomas Sowell's Economics 101-
Written by an actual master of the field. Well don't take my word for it it bluntly put. Makes this look like the Keynesian trash others have called it out for. And all the -Most economist's agree- smiling condescension from these two doesn't makeup for a solid evidence based argument that says otherwise.
Thomas has the balls to say the true thing rather than the PC thing. I don't even have to watch the rest to know they never address the wage Gap. Bet they hide behind -most economist's say- and -it's a difficult issue-
Artificially raise the price (minimum wage) and you get a backlog. Backlog of human capital = unemployment.
Flood the market with stimulus's and prevent losses with bailouts like they support and you prevent business failure exactly as they say the goal is. Preventing businesses from taking damage and possibly being restructured in a bankruptcy -saves-
them from being forced to correct themselves at the expense of the citizens.
This Crash course is great those who want to -feel- like they understand economics. You can learn from anyone online. Do you want to learn the text book from two highschool teachers or learn real, applicable, evidence based economics from a master of the field?
I'm done taking the easy way to the bottom with crash course. It's fun, it's cute, it's very easy. It's very mediocre when it's not that plain wrong. And in the end. It's garbled and more difficult to understand because your are being taught by -teachers- not by masters who deeply understand the subject.
reply
Kenneth
Venezuela inflation, US sanctions also cause inflation. This crash course has avoided all political reasons and government interventions policies to everything happens.
I-m trying to give it the benefit of doubts before reaching the end of the course. Then I-ll go back to every single one to leave comments.
reply
Venezuela inflation, US sanctions also cause inflation. This crash course has avoided all political reasons and government interventions policies to everything happens.
I-m trying to give it the benefit of doubts before reaching the end of the course. Then I-ll go back to every single one to leave comments.
reply
CheapSkateSimmer
Not letting banks totally off the hook but to be fair -decietful lending practices- is a bit of an oversimplificationm an activist government had a large piece of the pie in that issue as well.
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Not letting banks totally off the hook but to be fair -decietful lending practices- is a bit of an oversimplificationm an activist government had a large piece of the pie in that issue as well.
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Squidy
My grandpa actually won his apartment thanks to inflation! He took a loan right before a big inflation happened, which got smaller and smaller until he didn't have to pay to the bank anymore.
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My grandpa actually won his apartment thanks to inflation! He took a loan right before a big inflation happened, which got smaller and smaller until he didn't have to pay to the bank anymore.
reply
Matthew
Is CPI also how they calculate exchange rates? Ie, the amount a bunch of representative goods cost in one country divided by the amount those goods cost in another country?
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Is CPI also how they calculate exchange rates? Ie, the amount a bunch of representative goods cost in one country divided by the amount those goods cost in another country?
reply
Fadex
Solution to Inflation and most of our Problems is:
GET RID OF THE PRIVATE INSTITUTIONS LIKE THE FEDERAL RESERVE IN THE U. S AND CENTRAL BANKS IN OTHER COUNTRIES!
reply
Solution to Inflation and most of our Problems is:
GET RID OF THE PRIVATE INSTITUTIONS LIKE THE FEDERAL RESERVE IN THE U. S AND CENTRAL BANKS IN OTHER COUNTRIES!
reply
Sandpiper
The tulip bubble was so dumb cos people can literally plant them and make more for almost no cost. Why did anyone think that made sense?
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The tulip bubble was so dumb cos people can literally plant them and make more for almost no cost. Why did anyone think that made sense?
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