In which Adriene and Jacob teach you about how and why prices rise. Sometimes prices rise as a result of inflation, which is a pretty normal thing for economies to do. We’ll talk about how across the board prices rise over time, and how economists track inflation. Bubbles are a pretty normal thing for humans to do. One item, like tulips or beanie babies or houses or tech startups experience a rapid rise in prices. This is often accompanied by speculation, a bunch of outrageous profits, and then a nasty crash when the bubble bursts. People get excited about rising prices, and next thing you know, people are trading their life savings for a tulip bulb.
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Kind of surprised there aren't more comments from this year. Inflation is crazy right now!
Binging
I have a jpeg to sell you.
Watching this in 2022*
And now here we are. 2022. The bubble is preparing to burst. Any time soon
Is 2022 um still here listening to this amazing channel
Haha! Greatest bubble of all – Thought Bubble 😂🙌
"Oh, that's a bad idea" (printing money)
Well, guess you did not see that coming, uncle Sam…..
Does, this man has a flight to catch, or what?
Wow really, thank you for this!
It's a miracle! He's talking slower!
A bit
At least this is economics and not fashion we're learning from these guys
"Beanie baby portfolios" lol Coming for his generation…
the guy on the right looks gay tbh
Answers to the pop quiz: $1510-$2200, somewhere between $100-$400, and Gone with the Wind.
I like Crash Course and I tried to like this but… Economics simply isn't a subject you want to learn from highschool teachers who's true gift is engaging students not the actual field.
If you can engage yourself and want an easier to understand and infinitely deeper. No graphics and terms. Intro to economics "Thomas Sowell's Economics 101"
Written by an actual master of the field. Well don't take my word for it it bluntly put… Makes this look like the Keynesian trash others have called it out for. And all the "Most economist's agree" smiling condescension from these two doesn't makeup for a solid evidence based argument that says otherwise.
Thomas has the balls to say the true thing rather than the PC thing. I don't even have to watch the rest to know they never address the wage Gap. Bet they hide behind "most economist's say" and "it's a difficult issue"
Artificially raise the price (minimum wage) and you get a backlog. Backlog of human capital = unemployment.
Flood the market with stimulus's and prevent losses with bailouts like they support and you prevent business failure exactly as they say the goal is. Preventing businesses from taking damage and possibly being restructured in a bankruptcy "saves"
them from being forced to correct themselves at the expense of the citizens.
This Crash course is great those who want to "feel" like they understand economics. You can learn from anyone online. Do you want to learn the text book from two highschool teachers or learn real, applicable, evidence based economics from a master of the field?
I'm done taking the easy way to the bottom with crash course. It's fun, it's cute, it's very easy. It's very mediocre when it's not that plain wrong. And in the end. It's garbled and more difficult to understand because your are being taught by "teachers" not by masters who deeply understand the subject.
Always the brother-in-law
What happens when the bubble burst?
Money printer goes brrrrr
About inflation, I still have at home the bills worth 500.000.000 dinars
The tulip bubble was so dumb cos people can literally plant them and make more for almost no cost. Why did anyone think that made sense?
Economics gang?