In which Jacob and Adriene teach you about the evils of fiscal policy and stimulus. Well, maybe the policies aren’t evil, but there is an evil lair involved. In this episode we learn how government use taxes and spending influence the economy. Sometimes the government gives, and sometimes it takes. And the giving and the taking can have a profound effect on how economies behave.
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Who else is watching in 2020
I watched this video in slow motion and it was still too fast for me……
So riots do happen in recessions.
Does anyone else think that Adriene's voice and jests are similar to Brooklyn 99's Gina Linetti?
So this is what people are talking about when they talk about getting stimulus checks
Sitting in quarantine trying to learn more about the economy… interesting how this video aged
OMG！The background music is so scary。🤦
How do expectations about the future by households and businesses affect the effectiveness of fiscal policy?
11:42 "Did I look evil?"
No. No you did not.
Psh. $9 Billion in debt? How about $20 something Billion in debt.
um excuse me… Phantom Menace wasn't that bad!
God did you have to slow that guys talk down- less caffeine dude!
This is so helpful during crisis to understanding what's happening out there.
Fiscal? Government interferece? THATS COMMUNISM! AAAAAAAHH
I love her speech, face, and you can guess….
maybe I am being creepy .
but I like seeing them
“Lower costs leads to more production then makes more jobs and the economy is back.”
Everyone is economist on twitter.
oof, even economics class rips the prequels hard
What I don't understand is why increased govt sending decreases private spending? Shouldn't increased govt spending actually increase the private spending? Someone please clear this doubt.
It's not answering the questions in my homework :(((((((((
I get more out of these CrashCourse presentations that just about any other resource I'm provided with. I've written entire papers with the material from a 10-minute video. NICE JOB!!
Does anyone want to summarize the video?
8:49
10:50
In the end, maybe it's all about that thing you didn't have in the sixth-grade confidence.
Did everyone else get that after sixth grade? Why did I miss out?
An actually high quality video sent by my teacher.
So we should spend during recession and reduce deficit when the economy is doing well.
I had to watch this for school but I left a like for the Empire strikes back/Phantom menace joke. Nice one!
Just one error to point out (behavioural economics): a musician wouldn't save 50%
9:50 If people invest their money into something like a stock or real estate, that is considered spending correct? And if so, is paying your mortgage 'spending' then?
Is leaving your money as cash in your bank account the only thing that is 'saving'?
Mwaahahahahahaaa
Anyone else here bc of the virus 👀
I dont understand how tax cuts have a multiplier effect of one – when rich people have more money they dont stash it in a locker, they invest in businesses and products which can multiply their money – that in turn creates businesses and products of value? Can someone please explain
I don't understand that laughter
Keynes model worked great for Argentina…
oh, wait…
COVID 19 seems to be immune to stimulus packages… Maybe Keynes wasn't right 🤔.
Everyone understands that saving money every month will create wealth. Why do we think spending more money than we have leads to more wealth?
Will the Austrian Economics School be mentioned here?
Please, lord Keynes, don't break my laptop, it will not stimulate economic nor create more jobs. Please, stop it!
And we have the other way. When the government don't give a heck about other people life, don't play with taxes and don't tell others what to do.
To me people who do not want taxes are people who take change in the wrong way
This seems like a very biased comparison between austerity and expansionary fiscal policy.
Hatsoff people…
And why when talking about economic responses to the 2008 crisis was Iceland never mentioned? Not even once
Seems like the incentive to satisfy the needs of the system over the needs of people is the real argument here.
This guy talks faster than a rapper, it’s hard to follow along
It kinda annoys me how for eight episodes they never even mentioned about the big conporations fraud, manipulation and exploitation. I get it, they gonna make it later, but come on, it starts sounding like some capitalistic propaganda, not a legitime science course
Because..
In the long run, we are all dead.
i wonder what the multiplier of a freedom dividend would be…
Good content though the 'framing device' is just distracting and confusing