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Economics Explained

Economics Explained

By Economics Explained

On Economics Explained, we take a look at interesting countries, policies, and decisions from the point of view of an economist. The world is an interesting place and we hope to uncover some of this intrigue in our short, informative podcasts.
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The Economy of Switzerland
The Economy of Switzerland
In this video we help you to be more knowledgeable about inflation by looking at countries, most notably Switzerland, that have bucked the global trend in 2022 by reporting tame inflation numbers. We look into what Switzerland did right and what other countries can learn from them.
14:08
November 21, 2022
What Would The American Economy Look Like If COVID Never Happened?
What Would The American Economy Look Like If COVID Never Happened?
What Would The American Economy Look Like If COVID Never Happened?
14:55
November 03, 2022
Could the UK start the next Eurozone crisis?
Could the UK start the next Eurozone crisis?
The UK economy is not having a great year with 40 year high inflation, the Bank of England predicting a recession, and three different prime ministers within the span so 3 months. So what is going on and what does the future hold?
18:03
October 27, 2022
Why The Gulf States Need To Keep Building Big Dumb Mega Projects
Why The Gulf States Need To Keep Building Big Dumb Mega Projects
Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km skyscraper called The Line. Why are these countries spending so much on mega projects and does it make any economic sense?
21:50
October 13, 2022
India Will Not Be The Next China... It Will Be Bigger
India Will Not Be The Next China... It Will Be Bigger
Up until 1990 India was slightly richer than China on a per capita basis, but since then China's economy has grown far faster than India's. In this episode we look at the structural issues in India's economy have thus far prevented it from achieving the same level of economic success as China.
23:50
October 06, 2022
No. China Is Not Going To Collapse... Yet
No. China Is Not Going To Collapse... Yet
Subscribe to the Economics Explained YouTube channel 👉 https://bit.ly/sub2ee
28:09
September 29, 2022
An Honest Discussion About A Universal Basic Income | Economics Explained
An Honest Discussion About A Universal Basic Income | Economics Explained
Subscribe to Economics Explained 👉 https://bit.ly/sub2ee In this video we go over the pros and cons of a universal basic income. The US government spent over $5 trillion of economic stimulus and relief payments during the pandemic of 2020 and 2021. This is enough money to give every adult in the country $1,000 per month during this 2 year period. Would the money have been better spent just giving it directly to the people?
14:45
September 23, 2022
Limitless Growth Is Possible If We Run Our Economies Correctly
Limitless Growth Is Possible If We Run Our Economies Correctly
Subscribe to Economics Explained 👉 https://bit.ly/sub2ee Society has an unlimited desire for material goods but the world has limited resources to supply these goods. Ever since the industrial revaluation most advanced economies have consistently increased their economic output over time. At some point, the world will run out of resources and economies will no longer be able to grow. How can we continue increasing our living standards without depleting our planet?
13:24
September 08, 2022
Could China's Currency Be The New World Reserve? | Economics Explained
Could China's Currency Be The New World Reserve? | Economics Explained
Since the end of World War 2 the US dollar has been world reserve currency, this means international transactions are overwhelmingly done in US dollars. This gives the US some key economic advantages. Naturally China wants to make its currency the world reserve currency, and as the second largest economy it makes some sense. Enjoyed this? Comment below! 💬 ⭑ Subscribe to Economics Explained on YouTube 👉 https://bit.ly/sub2ee
13:60
August 16, 2022
The Stagnating Economy of Canada
The Stagnating Economy of Canada
Enjoyed the podcast? Comment below! 💬  Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee  Canada is one of the wealthiest economies in the world today, but the OECD forecasts that the country will stagnate and is poised for the lowest growth of any advanced economy over the next 5 years. So why is Canada struggling to grow and what can this tell us about other advanced economies?
11:22
August 08, 2022
Are We Stuck Between Hyperinflation And A Recession?
Are We Stuck Between Hyperinflation And A Recession?
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
14:02
July 22, 2022
China's Major Tax Problem
China's Major Tax Problem
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
15:16
June 28, 2022
Young Generations Are Now Poorer Than Their Parents And It's Changing Our Economies
Young Generations Are Now Poorer Than Their Parents And It's Changing Our Economies
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:08
June 16, 2022
The Economy of Ukraine: Before and After
The Economy of Ukraine: Before and After
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:09
June 16, 2022
Was Dropping The Gold Standard A Mistake?
Was Dropping The Gold Standard A Mistake?
Is returning to the gold standard something that could fix the economic issues we are facing today? Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:47
June 16, 2022
The Recession We Need To Have
The Recession We Need To Have
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
15:15
May 16, 2022
Do Sanctions Work?
Do Sanctions Work?
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
15:15
April 05, 2022
The Rather Pathetic Economy of Russia
The Rather Pathetic Economy of Russia
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
18:55
March 18, 2022
How The Economy Of Japan Could Predict The Next Decade
How The Economy Of Japan Could Predict The Next Decade
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
15:44
March 04, 2022
Was Last Weeks Stock Market Crash an Overdue Reality Check?
Was Last Weeks Stock Market Crash an Overdue Reality Check?
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
13:51
February 14, 2022
Why Turkey Is Not Fixing It's Hyperinflation Problem
Why Turkey Is Not Fixing It's Hyperinflation Problem
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
20:43
January 15, 2022
How is "Transitory" Inflation Going?
How is "Transitory" Inflation Going?
TypeForm ➡️ https://economicsexplained.typeform.c...Mistakes spreadsheet template ➡️ https://www.dropbox.com/s/b5h6vtkogi6... Disclaimer: EE reserves the right, in its sole and absolute discretion, to determine what is a genuine mistake. By way of example, something that you may not personally agree with is not necessarily a mistake. To ensure all of your mistakes are properly accounted for, you may use the additional Notes & Sources column located in the spreadsheet for pointing out mistakes that are not immediately obvious. Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
22:12
December 25, 2021
Are Economists Too Pessimistic?
Are Economists Too Pessimistic?
Economists have predicted 15 of the past 5 recessions, so should we take them seriously? TypeForm ➡️ https://economicsexplained.typeform.c...Mistakes spreadsheet template ➡️ https://www.dropbox.com/s/b5h6vtkogi6... Disclaimer: EE reserves the right, in its sole and absolute discretion, to determine what is a genuine mistake. By way of example, something that you may not personally agree with is not necessarily a mistake. To ensure all of your mistakes are properly accounted for, you may use the additional Notes & Sources column located in the spreadsheet for pointing out mistakes that are not immediately obvious. Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
11:30
December 19, 2021
China Has A Debt Problem Three Times Larger Than Evergrande
China Has A Debt Problem Three Times Larger Than Evergrande
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
11:55
December 08, 2021
MIT Has Predicted that Society Will Collapse in 2040
MIT Has Predicted that Society Will Collapse in 2040
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
17:19
November 26, 2021
How Has Brexit Been Going?
How Has Brexit Been Going?
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
14:01
November 12, 2021
This Year’s Nobel Prize Is Going To Change Everything...
This Year’s Nobel Prize Is Going To Change Everything...
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
15:05
October 31, 2021
Chinese Blackouts Are Revealing Something Much More Important About The Global Economy
Chinese Blackouts Are Revealing Something Much More Important About The Global Economy
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:12
October 26, 2021
Inflation Is Driving Secondhand Markets Out Of Control. Here’s Why.
Inflation Is Driving Secondhand Markets Out Of Control. Here’s Why.
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
15:55
October 13, 2021
The "Dirty" Economy Of Australia
The "Dirty" Economy Of Australia
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
17:53
October 01, 2021
Why You Should Be Worried About China's Debt Crisis
Why You Should Be Worried About China's Debt Crisis
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:29
August 21, 2021
8 Months of Stimulus Just Unraveled
8 Months of Stimulus Just Unraveled
Be one of the 1,000 fans to your completely free trial of Skillshare Premium right now! 👉 https://skl.sh/economicsexplained06211Watch my new course on Skillshare! 👉 https://www.skillshare.com/classes/How-Not-To-Suck-At-Speaking-Aussie-Part-1/1324222190 Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
12:35
July 19, 2021
The Troubled Economy of El Salvador
The Troubled Economy of El Salvador
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
10:42
June 19, 2021
The Economy Of Spain
The Economy Of Spain
Spain – a great place to vacation? Yes. A great place to invest? Not so fast. Join Trends today and get your first week for just ONE dollar! 👉 http://trends.co/ee The Rankings! ▶️ https://youtu.be/ek56FVj5_KI Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:52
June 07, 2021
The Labor Shortage Crisis
The Labor Shortage Crisis
Stimulus overdrive manufactures its own set of problems. Here's why. This episode of EE was brought to you by Skillshare. Be one of the first 1,000 fans to sign-up with our link to claim your free trial of Skillshare Premium! ➡️ https://skl.sh/economicsexplained05211
16:31
May 23, 2021
The Housing Affordability Crisis We Don't Want To Solve
The Housing Affordability Crisis We Don't Want To Solve
Join Trends today and get your first week for just ONE dollar! 👉 http://trends.co/ee Housing is getting more expensive. Here's why. Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
23:24
May 06, 2021
Why Silicon Valley and Shenzhen Have Exactly The Opposite Problem
Why Silicon Valley and Shenzhen Have Exactly The Opposite Problem
"Move fast and break things" doesn't exactly translate into Mandarin. Sign-up for Acorns! 👉 https://acorns.com/ee?s2=SV3​​ (upon registration, Acorns will deposit $5 in your account to help you get started with investing!) Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:45
April 30, 2021
Hyperinflation is Already Here – We Just Haven't Realised It Yet.
Hyperinflation is Already Here – We Just Haven't Realised It Yet.
Be one of the first 1,000 fans to sign-up with our link to claim your free trial of Skillshare Premium 👉 https://skl.sh/economicsexplained04211​ Hyperinflation has been a doomsday scenario for modern economies throughout the last century. In all of these failed countries (Zimbabwe, Venezuela, Hungary, Yugoslavia, etc.) there have been uniform warning signs, the same signs that we are starting to see today in the U.S.
19:24
April 11, 2021
How The Suez Crisis Might Give Rise To A New Industry
How The Suez Crisis Might Give Rise To A New Industry
Join Trends today and get your first week for just ONE dollar! 👉 http://trends.co/ee​ How is the Suez Canal disaster going to impact the already struggling shipping industry? Who is actually going to end up paying the 400 million dollars an hour that this debacle was reported to cost? And how might all of this help accelerate the rollout of modern airships?  ... all this and more in today's episode of Economics Explained! Enjoyed the podcast? Comment below! 💬
14:20
April 01, 2021
Why The NFT Market Is Not As Crazy As You Think
Why The NFT Market Is Not As Crazy As You Think
🌈🐱 Get your very own EE NFT! 👉 https://opensea.io/collection/economicsexplained Nyan Cat, a video of LeBron James dunking, and a tweet by Jack Dorsey. These all have one thing in common (and no, it’s not because they were sold in recent months for millions of dollars, contrary to what you may have heard).  What actually happened was the unique digital signatures of these three pieces of media were sold-off to a new breed of 21st-century collectors; bringing massive attention to these Non-Fungible Tokens (or NFTs).  Overwhelmingly, the astronomical prices some NFT sales have fetched have attracted ridicule by outside observers. Perhaps understandably so, considering some are spending Lamborghini money on a Nyan Pop-Tart cat GIF that you anyone watch for free online.  But is it really all that ridiculous?  In this video, we’ll explore the potential NFTs hold and why these laughable prices may not be so absurd after all. Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:48
March 25, 2021
Why Are Modern Supply Chains So Needlessly Complex?
Why Are Modern Supply Chains So Needlessly Complex?
How do companies come up with their intricate supply chains?  Why are some of these supply chains so convoluted where others are extremely straightforward?  Will the severe restrictions put on international shipping during the fallout of the coronavirus make companies rethink how far they extend their supply lines?  ... all this in more in today's episode! Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
16:40
March 17, 2021
The Turbulent Economics of the Airline Industry
The Turbulent Economics of the Airline Industry
In today's episode, we'll explore the economic factors that are likely to define the airline industry for the foreseeable future! ✈️ What are the new pressures pushing prices upwards? What are the pressures pushing prices downwards? And, perhaps most importantly: how will all of this impact the way airlines operate in this already highly-saturated market? Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
15:46
March 06, 2021
The Overleveraged Economy of Iceland
The Overleveraged Economy of Iceland
Aluminum smelting. Geothermal power. Bitcoin mining. What do all of these things have in common? ... Iceland! 🇮🇸 How has the nation weathered this economic turbulence without turning into a failed state? What end of the economic spectrum is the nation on today? And what industries drive this tiny little economy? All this and more in this episode of Economics Explained!  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  Enjoyed the podcast? Comment below! 💬  ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained
13:01
March 06, 2021
The Economics of Hollywood
The Economics of Hollywood
$42 billion dollars. That is the amount of money grossed by films at the global box office in 2019. Impressive? Definitely. Surprising? Probably not, especially when you consider that global box office revenues have increased year-over-year since 2005. That was, of course, until COVID. As you’d expect, the pandemic has devastated Hollywood – resulting in an unprecedented seventy-one percent (71%) decline in global box office revenue. Worse yet, we all have to go another year without Daniel Craig’s No Time To Die – a title that has since taken-on somewhat of an eerie meaning. But putting the absence of James Bond aside ... movie ticket sales have actually been on the decline for nearly two decades – despite a steady increase in population over the same period. So, if people are going to movie theatres less often – and they are – then what exactly is driving the growth behind global box office revenue? [note] To answer this question, you have to understand the economics of Hollywood. How do movies get funded? What is the role of government subsidies and alternative revenue sources? How can a movie gross more than its budget and still lose money? And finally, what are the economics behind movie theatres and their twenty-dollar buckets of popcorn?  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → EconomicsExplained@ibg.yt ğŸŽ§ Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/EconomicsExplained Discord → https://discord.gg/MJGcTH6 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today!  👉 https://www.patreon.com/EconomicsExplained
17:15
March 06, 2021
The "Perfect" Little Economy of New Zealand
The "Perfect" Little Economy of New Zealand
This is new Zealand, a picturesque nation whos economy looks to exclusively rely on throwing their tourists off cliffs in increasingly imaginative ways and being left off of world maps. But Australia’s little brother is so much more than that and it might truely be the world’s best managed economy. Everything from the world banks ease of doing business index, from multiple quality of life assessments puts new zealand in the top spot. Move aside Norway. What’s more is that it has achieved this remarkable prosperity despite not having a huge supply of natural resources, or acting as some tax haven for global businesses like so many other apparent economic miracles we have explored before. No New Zealand has got to where it is today by carefully managing a market economy and providing a safe, stable and confidence inspiring place to start a family, a business, and a career. Of course there are still some problems and we will certainly get to them but after exploring the Economy of Argentina last week, it’s now time to get out your pen and paper and take notes on how to actually run an economy. And to do this as always we are going to break the economy into some important categories. What are the primary drivers of New Zealand's economic prosperity? How has the nation been able to accommodate these where other nations fail to do so? And what are the challenges the nation might face to keep this success going? Once thats all done we can then put New zealand on the economics explained national leaderboard.
17:06
January 18, 2021
Why Can't You Buy Anything Anymore? Well It's not all the Virus' Fault.
Why Can't You Buy Anything Anymore? Well It's not all the Virus' Fault.
So the holidays are behind us and if you were left disappointed by what you found under your Christmas tree it might be because you weren’t in the spirit of things, or it might have been because Santa couldn’t get any stock of anything. The good little consumers of the world might have started to notice an increasingly common trend where more and more products sell out the day they are released, or are never available at all to ordinary consumers. Everything from playstations, switches, Xboxes and graphics cards, to lego sets, handbags, watches, and even toilet paper, it seems more and more like we are living in a world that is out of stock. But why? Stock shortages from time to time happen, that’s just general supply chain management but why has this become such a consistent issue. All of these products are made by businesses with a profit motive, and those profits don’t get made unless products get sold, so what gives? Now I know what you might be thinking, “err it’s the virus of course” and certainly this has thrown a spanner into the works of global supply chains but it’s not the whole story. Limited supply is one thing, but if traditional economics is to be believed, businesses don’t let themselves run out of stock, instead they just raise prices to match demand and maximize their profits. What’s more, is that the coronavirus is not exactly new news to companies. If they were caught out in early 2020 then fair enough, but almost a year later you would think the corporate executives responsible for multi-billion dollar product launches could account for this new global paradigm, right? But they haven’t, and you might ask why? Well to understand this we as always need to look at a few key things. How have global supply chains been affected, beyond just blaming everything on COVID? Are the companies involved actually making poor business decisions? And why aren’t these products just doing what supply and demand would tell them to do and increase in price?
15:42
January 07, 2021
How China is Fighting Poverty With... Cows?
How China is Fighting Poverty With... Cows?
Whenever we see China in the news it’s normally for some impressive statistic about building stuff, or how it is now home to the most millionaires in the world, or maybe it’s even an article about whatever geopolitical tomfoolery they are trying to pull this week.  But what is often forgotten about this is that behind the somewhat intimidating outward appearance of economic might and glistening skyscrapers, china is an extremely poor country.  This almost sounds a bit paradoxical given the wealth that is so evident from the outside. Nevertheless average incomes in China are still less than $15,000 USD’s per year, and that’s average, so in a nation that reports a Gini coefficient of 0.47 with some independent research noting this could be as high as 0.73 that means there are a lot of poor people at home in this economic miracle.  In plain English, this means upwards of half a billion people in China are living on less than $10 per day, primarily made up of those still living in rural areas. Now this fact is not lost on the Chinese government, who know that a growing wealth divide in their worker’s paradise is not a great look, especially if that divide is between the cities fueling growth and the farmers feeding them.  That is why in just the last 5 years the government has poured the equivalent of over 800 billion dollars into aid in areas where extreme poverty is still commonplace. This is to say nothing on state-owned enterprises which easily bring this running total to over a trillion dollars in the same time period.  A trillion dollars in 5 years, that’s more than the entire GDP of 3 quarters of the world’s countries, on one single welfare project.  Even for a government as wealthy as China’s, this is ultimately not sustainable. So a new solution was needed to make these systems more efficient at solving core issues rather than alleviating the symptoms with handfuls of cash. And there might be a lot to take away from what they have done so as always we need to understand a few things.  How much poverty is there actually left in china? Why is this so difficult to measure? Why does China care so much? And how might cows be the solution to this whole problem?
11:28
January 03, 2021
The Faltering Economy of Argentina
The Faltering Economy of Argentina
This is Argentina – a South American nation that has been home to an unprecedented period of sustained growth quintupling in size in the last decade.  This nation has seen remarkable resilience through financial crises and even though it cycled through 5 presidents in two weeks, its continued re-investment in itself has paid off many times over as average incomes have doubled in the same time period to create fantastic increases in the quality of life for all the citizens of the nation. Or at least that would have been the video we were making a few years ago.  Unfortunately today the economy of Argentina tells a very different story. Just as quickly as the economy soared to these lofty heights it has crashed back down bringing about a period of heavy inflation and widespread poverty. But perhaps this shouldn’t be a huge surprise, in the last 100 years, the economy of Argentina has been categorized by periods of massive growth followed by huge declines making the most recent decades little more than a continuation of that unfortunate trend. This is a real shame because Argentina obviously has a lot going for it, from a healthy population of productive workers, strong natural resource reserves, and even a landmass that is very conducive to foundational industries like manufacturing and agriculture. But despite all of these advantages Argentina has time and time again fallen into this unfortunate pattern and is now teetering on the edge of becoming a full-blown failed state. Nobel prize-winning economist Simon Kuznets is said to have remarked in the early 1970’s that there are four types of economies in the world, developed, underdeveloped, Japan and Argentina. We have already explored what makes Japan so weird, but to unravel the mystery of Argentina we are going to have to understand a few specific issues. What has caused the various economic booms over the years? What has caused the subsequent economic declines? And why is this most recent downturn just a little bit different? Once we have done all of that we can get to the fun stuff and put Argentina on the economics explained national leaderboard, how's that for a 2020 grand final?
18:60
January 03, 2021
Why This Billionaire Wants To Give Every Baby $6,750 to Solve The Retirement Crisis?
Why This Billionaire Wants To Give Every Baby $6,750 to Solve The Retirement Crisis?
This is Bill Ackman, the billionaire hedge fund manager of Pershing square capital.  Bill has been featured on this channel a few times before, most notably because of his trade made in early 2020 which netted him over 2.6 billion dollars in profit.  Since then he has become a bit of an internet darling which is just great for him because a lot of his trading strategies require him winning over hearts and minds to change people’s opinions on a stock, bond, cryptocurrency or whatever else it is that he has some kind of vested interest in.  Now this is nothing new, influential stock traders have been trying to create news stories that suit them ever since there were stock markets and newspapers. But this most recent announcement has been a little bit different.  Ackman along with a selection of business leaders and economists have started advocating for a plan that would give everybody a few thousand dollars in cash on the day they are borns all in order to solve the retirement crisis.  It sounds crazy, but there may be more merit to this whole plan than you think. Most advanced economies around the world today are dealing with aging populations and declining birth rates. A future where the dependent elderly far outweigh the productive young is fast approaching, current pension infrastructure may just not be able to cope.  We may see a future where the quality of life for elderly citizens rapidly declines, or young people are taxed very heavily in order to support them, neither of which sounds particularly appealing to anyone, so perhaps radical solutions are what we need.  And to understand this plan we are going to need to look at a few key areas.  How would handing out money to babies solve problems amongst the elderly? How would nations afford this? And is this actually a sound idea? Or just another scheme by a savvy businessman to profit off front-page news.
17:37
December 13, 2020
The Fourth Industrial Revolution & What Were Those Other Two?
The Fourth Industrial Revolution & What Were Those Other Two?
So apparently we are due for a fourth industrial revolution, which might come as a surprise to you because as far as most people can tell we have only had one industrial revolution, and some nations haven’t even got around to that one yet.  All the same, this promise of a radical shift in the way we live our lives has got a lot of economists very excited and maybe a little bit anxious, both for very good reasons.  The first industrial revolution, you know the one that we all think is the only industrial revolution was responsible for giving us production.  This production went on to define our way of life in the modern world where people in advanced economies have access to practically unlimited food, robust housing, and bits and bobs to fulfill our every little desire.  The world before this was very stagnant. The idea that we have economic growth at all, where society is always advancing and every generation is richer than the one that came before it is a surprisingly modern ideology.  What’s more, is that it’s not something that we are guaranteed. We can only get so good at making stuff given our current set of technologies and resources, and in fact, we might already be starting to see this plateau.  Arguably the rollout of smartphones that gave us unlimited access to information wherever we were, was the last great paradigm shift in how we lived our lives. 13 years later this technology is improving but it doesn’t offer anything fundamentally different to the way that we live our lives, run our economies or advance our standard of living.  But maybe we are getting ahead of ourselves. To really know what to expect from this supposedly incipient fourth revolution we must first understand a few key things. How do economists define an industrial revolution? What is a revolution and what is just some cool new technology? What were those other two industrial revolutions? What is going to be the fourth industrial revolution? And will this make our modern economies look like the land before steam engines?
12:33
December 10, 2020
What is "The Great Reset" & Why are People So Worried About It?
What is "The Great Reset" & Why are People So Worried About It?
What is The Great Reset actually proposing to do? Do these ideas have any merit? Who are the players involved in pushing this agenda? And is this actually a nefarious scheme or just the victim of terrible marketing?
16:55
December 06, 2020
Why are Billions of Dollars Worth of Ships Being Intentionally Destroyed?
Why are Billions of Dollars Worth of Ships Being Intentionally Destroyed?
This is the Carnival Imagination, a luxury cruise liner worth hundreds of millions of dollars, which just 10 short months ago was touring passengers in extreme comfort to exotic destinations all over the world.  This ship is sailing dead ahead to its final port of call, where it has been sold for scrap alongside dozens of other ships that have become the latest victims of the global pandemic.  The Chittagong ship breaking yard in Bangladesh is the largest of its kind in the world, and in the past few months even its abundant shores have become inundated with pleasure cruises and industrial cargo ships alike that all could have otherwise sailed the oceans for many more decades.  These are all very troubling signs for the unsung heroes of our modern global economy, the merchant marine fleet. Every year trillions of dollars worth of cargo is transported on ships like these and losing this fleet could turn into a huge barrier to global trade. But what is really going on here? Why would profit-motivated companies destroy billions of dollars worth of productive assets? Sure times are tough, tourism and trade have declined massively but this hardly looks like a reasonable response right? I don’t burn down my house if a video gets less than 10,000 likes, so why would companies in such a competitive industry do something equally as self-destructive? Well as always it has to do with economics (go figure) and to understand this bizarre behavior we need to understand a few key areas. What are the economics behind the merchant marine fleet? How do these factors make it financially viable to destroy ships? what does this mean for the future of international trade? And what does this all have to do with Chinese bridge building?
13:10
December 04, 2020
Could Trump Take the Economy Down With Him? & Can Presidents "Make or Break" a Market?
Could Trump Take the Economy Down With Him? & Can Presidents "Make or Break" a Market?
The United States 2020 Presidential election has been called by pretty much every organization that covers the event in any capacity and while the final decision is not made until the special club that is the electoral college has presented its final decision, it’s apparent that Joe Biden will be the next president of the united states.  This is the first time in almost 3 decades that an incumbent president has been voted out before serving a second term and it has come in the midst of national and global catastrophes galore.  To add fuel to a fire that threatens to ignite the global economy, the outgoing president has been vehemently challenging the results which is casting doubt over the smoothness of the transition, the continuation of much-needed government support, and the foundation of the nation’s systems in their entirety.  And this all begs the question, either unwittingly or maliciously, how much damage could a president do to the American economy, and by extension the global economy.  There are checks and balances in place to control the influence of any one man in the united states around things that were relevant when those checks and balances were been written. But it must be remembered economies back then depended a lot more on successful harvests, and a lot less on tweets.  Our modern economies are incredibly complex and incredibly fine-tuned, but complex fine-tuned things tend to be very easy to break, and the outcomes of throwing a proverbial spanner into the works could be just as devastating.  Thousands of people die when unemployment rises, and many more could lose access to healthcare, housing and livelihoods during even a minor period of economic turbulence. All of this is to say that a president waging war on an economy could be just as dangerous as waging war on a nation.  What kind of influence does a president directly have over an economy? Do they deserve the credit for things going well? And what could a president do to tank the economy if they really wanted to?
14:30
November 29, 2020
How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes
How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes
This is the Netherlands, a picturesque nation filled with windmills, tulip fields, and uhh coffee shops.  The nation is looked to by many as an extremely forward-thinking place that practices some pretty progressive policies. The nation has an incredibly strong social security system, with universal healthcare, robust retirement pensions, as well as allowances for maternity leave. And These kinds of policies are mirrored in other areas as well, the nation is home to relatively high tax rates, and the protections for employees are very strong almost to the point that people joke it is impossible to be fired in the Netherlands.  So this kind of looks like a liberal paradise right? Well, it would if it were not hiding a dirty little secret.  This postcard-perfect little nation is according to the world bank the most unequal place on earth, and the extent of the inequality is simply staggering.  We have explored south Africa on the channel before, which normally gets this less than desirable title. And if you were to pose this question to google, it’s what you would walk away thinking. But this isn’t the whole story. In terms of wealth inequality in recent years, South Africa has been pretty tame. The Netherlands by contrast is the only country on earth that is more unequal than the world itself. So what is going on here? Similar policies to the ones that have been commonplace in the Netherlands for decades are being proposed by politicians in places like the United States as a way to curb the issue of wealth inequality. But if we look at the results it doesn’t look like they will do that at all.  So to really understand this we are going to as always look at a few key issues. How did the Netherlands of all places become the land of inequality? What does this teach us about the nature of wealth in the modern world? And how can this help us create more robust economic policies that work to benefit everyone?
16:16
November 26, 2020
How to Invest In Chinese Stock Markets - And Why You Absolutely Should Not!
How to Invest In Chinese Stock Markets - And Why You Absolutely Should Not!
China has been home to the most extreme economic growth in human history. In four short decades, the nation has gone from a struggling backwater filled with poverty to this, a nation of glistening skyscrapers and more Gucci stores than you can poke a stick at. The driver of this growth has obviously been its embrace of the free market and opening itself up to international trade.  The nation has always had huge potential, given that historically for 1,900 out of the last 2,000 years it has been the largest economy on earth, but now it is finally realizing that potential once again.  Seeing this sustained growth people are obviously keen to jump on board, millions of dollars are been made by millions of people and any logical investor would be foolish to not have exposure to the largest growth market in the world right? I spend a fair amount of time chatting to channel viewers on discord, Patreon, and even in the comments section of the video’s and it’s probably one of the questions I see the most, Mr economics man how can I invest in Chinese companies stock?  Now I don’t want to sound rude, and I promise I absolutely mean this in the nicest possible way, but if you have to ask someone on youtube how you can invest in Chinese equities, you absolutely should not at all be investing in Chinese equities.  And in fact even for more seasoned investors, the market for Chinese companies is not exactly the promised land of double-digit annual returns you may think it is.  This is because there are a few major problems that have yet to be overcome, the stock market in China is both too regulated and not regulated enough. Which sounds silly but let’s explore it by looking at this problem piece by piece.  How is the Chinese stock market over-regulated?  How is the Chinese stock market under-regulated? And why does this mean that most investors probably shouldn’t be investing in these markets? 
14:15
November 22, 2020
Can Texas Escape Oil Dependance?
Can Texas Escape Oil Dependance?
This is Texas, the second-largest state in the USA by landmass, population, and GDP.  But perhaps being runner up is not so bad in all of these categories. Texas has for many decades been a huge driving force of prosperity, not only for the people within the state but also for all of the USA. The state provides over 40% of the oil production in the country which is, in turn, the largest oil-producing nation in the world.  To give you an idea of just how massive this operation is, Texas produces more oil than, brazil and china combined.  Now for regular channel viewers, you might be thinking that well that’s great and all however, oil wealth doesn’t always guarantee prosperity, but fortunately for Texas, it has diversified itself into a host of other industries some of which are very far removed from what you might picture taking place in the land of cowboy boots and Ford F350’s. Texas today has the fastest growing population in all of the United States which is been driven by the state attracting a range of new businesses that will work with this young new professional demographic to continue to grow a strong economy.  Or at least that is the theory, the rumblings of the world in 2020 have not been easy on the Texan miracle, and for the first time in almost three decades, the state might be starting to show signs of troubled waters.  To see if this could be a hurdle the yeehaw state could not overcome we need to look at a few key areas. What have been the industries driving the growth of Texas? What is it about the state that makes it so attractive to these industries? And what could future growth look like after 2020?
19:07
November 19, 2020
Why the Stock Market is at an All Time High... Again?!
Why the Stock Market is at an All Time High... Again?!
In the fallout of one of the most volatile American elections ever financial markets did something very strange, they rose, and rose to new record levels, again. This would be unusual during even a normal election, where most investors tend to sit back and wait for the dust to settle but it is especially strange in 2020. Joe Biden, who everybody is at least 90% confident will be the next president has spoken very openly about plans to raise corporate tax rates and this is coming in conjunction with the tension around how a transition of power may or may not take place, not to mention that global pandemic.  If investors are supposed to fear uncertainty surely they would be terrified of the current world that we live in.  Logic would dictate that the best outcome for the major corporations that make up financial markets would have been a nice simple and decisive Republican victory. At the end of the day, they tend to be a slightly more pro-business party. Instead what they got was an extremely contentious Democratic victory with the potential to bring turbulence around key issues like covid relief packages in the coming month.  So what is going on here? Why have markets rallied so hard in spite of this turbulence Will this market boom reverse if the proposed policies of the Biden's campaign are rolled out. And could it just be that investors no longer favored trump as president?
14:49
November 15, 2020
Can America Win the War On Drugs... With Economics?
Can America Win the War On Drugs... With Economics?
The war on drugs was declared in 1971 by president Richard Nixon in a press conference that went on to outline a plan to fight the trade of controlled substances across the world. Drugs were declared national enemy number 1.  Since then over 1 trillion dollars have been spent on fighting this battle and by all metrics, it has been money poorly spent.  It’s probably no surprise to anybody that drug-related deaths and crimes have done nothing but rise over the 50 years since Nixon made this declaration.  With the benefit of hindsight, it was pretty easy to see why... you can’t fight the forces of supply and demand in unregulated markets with m16’s and government agents.  Trying to do so would be like trying to fight a hurricane by dropping bombs on it. Not particularly effective and if anything it’s just going to cause even more collateral damage.  But perhaps this is all starting to change, just last week during the election, the people of Oregon also voted on something else that will potentially have even more influence than who the next president is.  The people of the state voted to decriminalize drugs, all drugs, even the hard stuff. This might look like waving the white flag in defeat and finally admitting that drugs have won the war on drugs. But it might also be what we should have been doing all along, fighting the war on drugs with economics.  To understand what economists mean by this we will need to look at a few key areas. Why couldn’t the war on drugs disrupt this market? What is driving the growth in this market? And could legalization provide a better solution to dealing with this issue? 
15:28
November 12, 2020
Does Tesla Deserve to be The World's Most Valuable Automaker?
Does Tesla Deserve to be The World's Most Valuable Automaker?
Tesla is today the most valuable automaker in the world by market capitalization beating out industry giants like General Motors, Ford, Volkswagen group, and even Toyota.  It has achieved this impressive feet despite a short operating history, a limited product lineup, and even relatively modest sales figures compared to these much more established entities.  In spite of all of these indicators, investors are willing to pay more than five times as much for the same stake in Tesla as compared to the more traditional automakers.  So what is going on here? What do investors see in Tesla that a rational person may not? What is the companies vision to truly justify being valued this highly? and could this all be a charismatic CEO taking a pool of naive investors for a ride? 
15:49
November 08, 2020
The "Evolving" Economy of Kazakhstan
The "Evolving" Economy of Kazakhstan
This is Kazakhstan, and yes I know what you are all thinking, and yes in the interest of full disclosure we are definitely cashing in on the hype surrounding the second Borat, but in fairness so is the nation itself.  Even still this country is so much more than that with one of the most, hmm let's call it exciting economies in the world.  What was once a mistreated soviet state has now gone onto be the largest and wealthiest economy in central Asia, one that is welcoming foreign trade, international investment, and advanced development of technologies to continue this growth into the future.  In this episode of Economics Explained, we'll explore the following questions: What went on under Soviet rule? What has the country been up to since the collapse? what is their plan for the future?
16:47
November 05, 2020
The Economic Policies of the 2020 Election - Trump vs Biden
The Economic Policies of the 2020 Election - Trump vs Biden
The US presidential election will be held in 2 days from when this video is published. The process of electing who will go on to be the most powerful man in the world always makes for big news but perhaps never more so than in 2020.  The United States is currently in the grips of a major health crisis that has caused untold suffering to people directly affected, and indirectly to people impacted by the economic consequences that came with it.  This is all coming in combination with a mountain of other issues, wealth inequality, trade tensions, nationwide protests, a wildly unstable financial market, record-high levels of debts, and a host of other issues that are certainly getting less airtime in 2020 but are of no less importance.  This election is a chance, at least in theory, for the citizens of America to have their say about how they would like these issues dealt with... and while there are more issues than ever the right solutions are desperately needed. 
20:38
November 01, 2020
The Pokémon Card Price Boom
The Pokémon Card Price Boom
In this episode of Economics Explained, we will explore the following questions: What has been behind the boom in the value of Pokemon cards?  Could this be a genuine investment vehicle?   Or is this all heading towards being the next beanie baby bubble?  
12:31
October 29, 2020
The 2020 Nobel Prize in Economics
The 2020 Nobel Prize in Economics
In and amongst all of the happenings in the world this year these awards have kind of flown under the radar which is unfortunate because they all recognized some very remarkable works. And in the field of economics, it all had to do with auctions.  Auctions and Auction Theory are one of the most important systems to understand in economics because they act as an efficient way to build markets and correctly determine how we value items.  In this episode of Economics Explained, we will explore the following questions: What should the average person or aspiring economist know about Auction Theory? What did the winners of this year's Nobel prize contribute to this theory? And how can this be utilized to build better and more efficient economies?
21:26
October 25, 2020
Here's Why Supply and Demand Is Overrated!
Here's Why Supply and Demand Is Overrated!
If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply & Demand” The number of people out there willing and able to buy a good or service versus the number of people out there willing to sell a good or service, all individually vying to get the best possible price.  If demand increases prices increase, if demand falls prices fall and visa versa with supply.  Now I know this channel is called Economics Explained but for most of you listening, all of this should pretty much go without saying.  The only issue is that this rosy picture is in no way a reflection of the real world.  So what is going on here? In this episode of Economics Explained we will explore the following questions: How are prices decided if not through supply and demand? What does this mean for regular people in the economy? How could all of this be used to make better policies and business decisions? And how does this all make the case for a zero dollar minimum wage?
16:50
October 22, 2020
The Growing Generational Wealth Gap
The Growing Generational Wealth Gap
The long-suffering generation of millennials are now set to be significantly poorer than both baby boomers and Gen X'ers.  Having entered the workforce during the fallout of the 2008 mortgage crisis and then being hit particularly hard during this current crisis has meant that today millennials only account for 3% of national wealth, where boomers at the same point in their lives accounted for 27%. This trend is more than just another pity party for our fellow latte-sipping millennials. On a wider level, the share of wealth owned by people under the age of 40 has shrunk from 13% to just under 7% over the past 3 decades.  Even if we ignore the social issues of younger families having to make do with half that of what their parents did this can have some serious  Therefore if this trend continues businesses around the world might start to lose out on their Goldilocks zone of consumer spending.  What is causing this downward pressure on wealth in younger generations? What will this mean for the future growth of nations like the USA? And could this just be a waiting game of wealth, inevitably getting passed down? 
15:43
October 21, 2020
The Shifting Economics of California
The Shifting Economics of California
This is California, the Golden State and one of the largest economies in the world in its own right.  If California was counted as a sovereign nation it would be the fifth-largest in the world by GDP, with a 3.2 trillion dollar gross state product putting it just behind Germany and just ahead of India.  In this episode of Economics Explained, we'll explore the following questions: What made the state so prosperous before the 2020 downturn? What were the underlying issues impacting the economy? How will these issues be impacted by this decline?
16:21
October 21, 2020
Are the "Extreme" Economic Systems Totally Pointless?
Are the "Extreme" Economic Systems Totally Pointless?
Communism vs Laissez-Faire Capitalism Both of these opposing theories are very extreme and, for what it's worth, don’t exist in any modern economies anywhere around the world today, despite what some nations might have you believe.  In this episode of Economics Explained, we'll explore the following questions: So what are the economic arguments for and against a communist economic system?  What are the economic arguments for and against a completely free market? Are there any examples of these extreme systems actually working throughout history?
21:58
October 21, 2020
Why Unprofitable Companies Are Winning in 2020
Why Unprofitable Companies Are Winning in 2020
The bottom line is the most important part of any functioning business. Profit after costs, expenses, and taxes.  The money that the founders and investors in companies get to put back into their pockets for the risk and effort they put into a business.  Sounds like business 101 right? And it kind of is. A business that doesn’t turn a profit is like a freezer that kind make ice, it’s more or less pointless.  And sure there are things like non-profit charity organizations out there but most businesses exist to make money! So why is it that some of the biggest companies in the world are not turning profits? Why is it that they don’t even plan to?
14:32
October 21, 2020
The Economics of Prisons
The Economics of Prisons
Inflation is something we more or less take for granted these days. The idea that 5 dollars today is not going to be able to buy 5 dollars worth of stuff in the future, and the fact that you used to be able to buy a family home for 10 grand, are all the result of inflation.  The idea that over time money becomes worthless and less influences a lot of decisions in out lives. Everything from retirement planning to salary negotiations take this relatively benign and constant force into account.  But it is something that should be feared. 
12:32
October 21, 2020
Is Hyperinflation Coming?
Is Hyperinflation Coming?
Inflation is something we more or less take for granted these days. The idea that 5 dollars today is not going to be able to buy 5 dollars worth of stuff in the future, and the fact that you used to be able to buy a family home for 10 grand, are all the result of inflation.  The idea that over time money becomes worthless and less influences a lot of decisions in out lives. Everything from retirement planning to salary negotiations take this relatively benign and constant force into account.  But it is something that should be feared. 
21:20
October 21, 2020
The Economy of Taiwan
The Economy of Taiwan
This is Taiwan, or officially, the Republic of China, a country in east asia, which if you can’t tell by how delicate I am being with these titles here is consistently under a bit of ehh let’s call it scrutiny.  So contentious in fact that any country that is doing business with the people's republic of china, you know China, has to officially declare that they recognize the island of Taiwan as the sovereign territory of China. While this is all very confusing, the fallout is that the nation of Taiwan is only officially recognized by a tiny selection of countries from around the world.  These countries include economic superpowers like Guatemala, Haiti, the Marshall Islands and Vatican city collectively making up only accounting for around 50 million people and covering a tiny portion of world trade. So it's not exactly like they have brought their A team.
16:11
October 21, 2020
Why GDP Is Overrated & Nobody Should Care About It!
Why GDP Is Overrated & Nobody Should Care About It!
GDP is one of the most universally recognized terms in economics. Even outside people with an interest in the subject most adults would be able to tell you that GDP is a measure of how large an economy is.... But they might not be able to tell you how it’s calculated, or even what it stands for. In this episode of Economic Explained, we will explore the following questions: What are the limitations of GDP? Are there better figures to look at to get an idea of how prosperous an economy is? And how could focus on something outside of pure productive capacity be good for our economy?
14:25
October 21, 2020
What is the FIRE Movement? Could it be Hurting Our Economy?
What is the FIRE Movement? Could it be Hurting Our Economy?
The Fire movement is a growing trend amongst young workers which is growing in popularity thanks to its very enticing goal which is spelled out in the name. FIRE is an acronym of Financial Independence and Retiring Early.  The idea is that by following a very aggressive saving and investing strategy people can get to a point where they are effectively retired at a very young age, sometimes younger than 30.  Getting to that point is harder for some than others, but advocates of the movement argue that this difficulty has more to do with personal lifestyles rather than personal incomes. 
15:33
October 21, 2020
Why is Working Harder Making Us Poorer?
Why is Working Harder Making Us Poorer?
Workers today are amongst the hardest worked individuals in history, while simultaneously being the most efficient.  Sure, they have traded in grueling factory floors and coal mines for air conditioned offices so they probably don’t get quite as much sympathy as their industrial revolution contemporaries but the world today is marred by different challenges. Hustle culture and the glorification of roles like surgeons, investment bankers, and corporate lawyers have set a precedent of on-call all the time, under the guise of professionalism or being a team player. Expectations and key performance indicators are increasingly monitored, scrutinized, and increased year on year.  Now the discussion around overworking is not a new one, but it tends to focus on the mental health implications of this reality rather than the economic impacts.  Now we are going to be leaving that aspect of this discussion to the side for this video and instead focus just on the economics of the overworked world. Partially this is because there are many people far more qualified to talk about mental health and partially because well, sometimes for things to get changed it needs to make economic sense for them to be changed.  So the health implications of 100 hour weeks aside, we really only need to answer one question.  Does people working longer and harder make for a more prosperous economy? 
19:50
October 21, 2020
Why You Should Be Very Afraid Of A K-shaped Recovery
Why You Should Be Very Afraid Of A K-shaped Recovery
The economic impacts of 2020 have been felt far and wide and we have covered these problems in-depth in a handful of videos on this channel. But the logical question that most people are asking is what comes next?   Disasters happen and they are never pleasant but part of being a nation, a business, or even an individual is being able to deal with adversity and come out the other side.  Because of this people are expecting a recovery of sorts, and it seems like the only point of contention will be what letter of the alphabet this recovery will represent.    Other speculations include a W-shaped recovery where we will see 1 recovery then another decline as the effects of government stimulus and relief packages wear off only to be followed by another genuine recovery later on.    But amongst all of this, there is one type of recovery that we should all be very afraid of, one that is not getting nearly as much airtime and one that is actually being hurt by a lot of current policies and that is a K shaped recovery.
16:38
October 20, 2020
Why Economists Never Agree on Anything?
Why Economists Never Agree on Anything?
Economics is considered a social science, and although some other scientists from more “rigorous” fields don’t always welcome it into their little club, it still follows the same processes to explore the world around us.    And, as with science, or anything that is extremely complex for that matter, there are disagreements between practitioners at all levels of academia and throughout the entire history of the subject.
22:44
October 20, 2020
The Multi-Billion Dollar Industry You've Never Heard Of
The Multi-Billion Dollar Industry You've Never Heard Of
The market for alternative investments has been a really exciting field in recent years, with everything from Bitcoins, to beanie babies being touted as the next must-have to outperform the boring old stock market.  Now some of these investments have been good some of these investments have been bad, and many haven’t been around long enough to really tell yet, but the aftermarket for high fashion is a really interesting entrant into this world. 
13:48
October 19, 2020
Vietnam: The Economy of the Next Decade?
Vietnam: The Economy of the Next Decade?
Vietnam is one of the fastest-growing economies in the world today. In 2019 its growth was only beaten out by a selection of far smaller and far more unstable national economies.    With a huge and very hardworking population not to mention a powerful ally to it’s north this could be the country to watch out for in the next 10 years.  But this success is by no means guaranteed. As with many other nations in the Southeast Asian region, it has many hurdles it needs to deal with to become a fair dinkum developed economy.    So, what has been behind Vietnam’s Economic Growth?  What will the impacts of 2020 do to this growth?  And perhaps most importantly  How will this nation break into the Developed Nations club?
16:26
September 08, 2020
Why Does China Manipulate its own Currency?
Why Does China Manipulate its own Currency?
China is not playing fair in the game of global trade, they are cheating other countries, companies, and consumers out of business by Manipulating their own currency.    So how does a nation like china control their currency?  Can this actually be used to give an unfair advantage in global trade?  If it can, why doesn’t every country do it?  Can businesses profit from this man-made market failure?  And does a currency price even matter?
14:43
September 08, 2020
The Student Debt Crisis
The Student Debt Crisis
Student loans are financial tools that have been put in place to give promising individuals the ability to get an education and increase their potential for future earnings with a strong professional career.    On a nationwide level having a well educated and skilled workforce is one of the strongest determinants of economic success. We have seen this time and time again with nations like South Korea, Japan, Switzerland and Germany, who are not necessarily blessed with a wealth of natural resources or great geography but nonetheless hold their own as some of the world's wealthiest nations.    For all of these reasons, young men and women from around the world have grown up with the idea that their education is the best investment they can make…
14:19
September 08, 2020
Why Becoming A Cashless Society Is A Terrible Idea
Why Becoming A Cashless Society Is A Terrible Idea
Physical cash is one of the easiest ways to instantly and reliably conduct commerce.    It has been well-documented that the ease of transactions within a nation is as big of a determinant of a country’s success as is access to natural resources like oil and natural gas, or even a well-educated population.   So, what would happen if we got rid of cash?
15:55
September 08, 2020
Do We Need to Work 40 Hours a Week?
Do We Need to Work 40 Hours a Week?
There are a lot of things that we take for granted in our day to day lives, and one of the big ones is how we spend a good portion of our waking hours.   Based on sophisticated youtube analytics we can determine that a majority of people watching this video are full-time employees working 40 hour weeks at their jobs   So is 40 hours really the optimal work week, and are their alternatives that are based more on economics rather than tradition?
18:47
September 08, 2020
The Biggest Wealth Transfer in History is Upon Us - Here is What it Means
The Biggest Wealth Transfer in History is Upon Us - Here is What it Means
The wealthiest generation in history is starting to retire, and die.  In doing so they will be responsible for the greatest wealth transfer in history, as they pass along a collective 30 trillion dollars to their beneficiaries over the next few decades, just in the United States alone.     That kind of capital movement is going to have some extremely significant impacts on the economy some of which we are already starting to feel.
13:16
September 08, 2020
How the U.S. Economy Just Lost 33% of its Value
How the U.S. Economy Just Lost 33% of its Value
On the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd quarter Gross Domestic Product report.  The report noted a 32.9% contraction in annual GDP growth in the months of April, May, and June.    For reference, the 2008 subprime mortgage crisis of 2008 saw an 8% drop in annualized GDP figures at its peak.
18:06
September 08, 2020
The Economy of Ancient Egypt
The Economy of Ancient Egypt
Ancient Egypt was amongst the first major human civilizations in existence.   Outside of being genuinely fascinating the economy of ancient Egypt is enlightening to really pull apart because it represents an economy in it’s most basic form.    Targeted inflation, debt cycles, derivatives contracts, and even the financial sector are all crucial components of our modern and hyper-advanced economies. Egypt, had none of these...
14:28
September 08, 2020
Why 40,000 People Die for Every 1% Increase in Unemployment - The Big Short
Why 40,000 People Die for Every 1% Increase in Unemployment - The Big Short
The big short was a fantastic movie, for finance nerds and regular viewers alike. One of the lines that stood out the most, amongst many memorable lines, was the claim that for every 1% increase in unemployment 40,000 people die.    This is an incredibly significant claim, that adds even more weight to the already significant societal issues that come along with people out of the job.   So is this claim actually true?
11:23
September 08, 2020
Black Market Economics - What Drives the Underground Economy?
Black Market Economics - What Drives the Underground Economy?
Black Market Economics - What Drives the Underground Economy?
15:42
September 07, 2020
The Weird and Wonderful Economy of Vatican City
The Weird and Wonderful Economy of Vatican City
This is Vatican city. The smallest widely recognized sovereign state in the world.  This tiny nation exists entirely within these walls, but its influence is felt the world over.
16:26
September 05, 2020
Why Are Cold Countries Richer Than Hot Countries?
Why Are Cold Countries Richer Than Hot Countries?
There are all manner of factors that make poor countries poor and rich countries rich. Many of these factors we have explored in depth when we have looked at economies like the democratic republic of the Congo all the way up to places like Switzerland and Norway.   Political Stability, industry, natural resource wealth are all incredibly important variables but there is something extra here that just doesn’t seem to make sense.
12:29
July 18, 2020
Is Wealth Inequality Actually a Problem?
Is Wealth Inequality Actually a Problem?
The wealthiest among us today live a life unparalleled by any other human throughout history.  The greatest Kings and emperors could only dream of the life afforded to today’s billionaires.  It doesn’t end there, even mere multi-millionaires are living through a time where they have access to limitless information, unhindered mobility, and personal comforts.  But this is all taking place at a time where a swelling population of people is struggling to make ends meet.
16:43
July 18, 2020
What Would a Thanos Snap do to the Economy?
What Would a Thanos Snap do to the Economy?
The justification was that this was necessary to restore balance to a universe that was overpopulated and putting too much of a drain on resources.   Now instantly hazing half of the universe, is a bit extreme, but…   When the same world can’t go a week without some news article telling us that global climate catastrophe is inevitable, natural resources are running dry, or that if everybody lived like the average American we would need 4 Earths to sustain them it starts to sound like we should hear this Thanos guy out.
14:32
July 18, 2020
Could The Whole World Use Just One Currency?
Could The Whole World Use Just One Currency?
Our world is home to over 190 countries using 180 currencies to trade, invest, and collect taxes. The global economy is complex at the best of times and the foreign exchange, or forex market only looks to add an additional layer of confusion and complexity.  So this begs the question could the world adopt a single universal currency?
17:25
July 18, 2020
Can Saving Too Much Money Cause a Recession?
Can Saving Too Much Money Cause a Recession?
People are told from the time they get their first job to save money.  Save for a car, have an emergency fund, send your kids to college, a house deposit, oh and not to mention retirement (if that is still a thing). There are a million things to save for and on an individual level, it is almost always a good idea.  So why is it then, that governments and businesses from around the world are so terrified of people saving money?
13:44
July 18, 2020
The History of Global Banking: A Broken System?
The History of Global Banking: A Broken System?
The 2008 Global Financial crisis was kicked off by major structural issues in the global banking system and exacerbated by record levels of household debt.  Today the world is on the brink of yet another major financial downturn, and yet again household debts are at record levels.
21:53
July 18, 2020
Why Australia is Actually an American Company
Why Australia is Actually an American Company
Australia is a major world economy, with highly developed industries and close to 25 million of the wealthiest citizens in the world.   But Australia is harboring a deep, dark secret ... it is an American company!
09:56
July 18, 2020
Why Amazon is Begging For Regulations: The Twisted Economics of Amazon
Why Amazon is Begging For Regulations: The Twisted Economics of Amazon
In two short decades, Amazon has grown from a modest online bookstore to an international conglomerate. A conglomerate that seems hellbent on moving into every growing industry out there.  Amazon will only be the second company this channel has ever explored but it is extremely important to understand for a few reasons. most curiously, why amazon is pushing for reform in key areas that wouldn't really be expected...
16:42
July 18, 2020
Adam Smith: The Grandfather Of Economics
Adam Smith: The Grandfather Of Economics
Adam Smith was a Scottish philosopher and author who is probably best known for writing a book titled “An Inquiry Into the Nature and Causes of … The Wealth of Nations!”  This book effectively marked the beginning of economics as an academic discipline as Adam Amith, (now heralded as the father of economics) laid the foundation for economic rules and principles that guide decision making the world over.
16:54
July 18, 2020