Short videos from my Principles courses in Microeconomics and Macroeconomics. Short videos on a few basic Finance topics and some Managerial Economics topics. The occasional clip from Management.
This looks incorrect. And how would welfare loss be indicated? If the new equilibrium is $5.6 how does the seller collect the indirect taxes for government at $6 for goods that are only bought at Q90...So the seller will pay tax for goods not sold? Currently this market shows excess supply at $6 with a quantity of 100 and only 90 goods sold....This diagram does not seem correct.
I had read some where that the FED adopted from a recommendation of a hedge fund back in 2018 that in the next downturn they were going to do massive Treasury bond repurchasing. 2020 came and oh boy did they ever. So why did the FED adopt that if it doesn't work? Did it prevent things from going to hell? It certainly caused hyperinflation. And in 2024 we are still paying for their decision in a big way... maybe universal price fixing algorithms did not take into account supply/demand curves and just kept raising prices... look at rent, look at realpage's involvement in rent price setting.
How can income disparity be equated to unfairness? How can you know that this disparity is not fair? Should all people acquire the same amount of wealth irrespective of their contribution to society? And who is to say that this disparity is not the result of unequal effort exerted towards providing to society? Also, basing inequity on the fact that people can have connections with politicians is in stark contrast with a free market economy, since politicians do not have any real power there. Fairness is also subjective to a degree and if you are to accuse capitalism of unfairness, you should first take a look at how "unfair" governments are....
why did he put the seller portion in oragne above the 5.60 if the price never reached 6$? wouldnt it make more sense to put the sellers tax obligation below to display the cutting into profit?
It really just depends on how you want to look at it, either one works if you are trying to calculate which direction It goes. I would put the seller below for continuity sake, but it really doesn't matter as long as you mark the graph properly
Friedman made a few points that ultimately make me believe that oil wasn’t the cause of 70’s stagflation. OPEC certainly caused an international problem with its monopoly on something like petroleum- however the supposed “cost-push” inflation was not at all felt proportionately amongst the nations affected. Countries like Japan and Germany, countries that relied on imports of oil and other natural materials had rates of inflation lesser than that of the United States- a country rich in natural resources in its own right. Countries such as Germany and Japan didn’t see identical rates of inflation either. Why would this world wide phenomenon hit countries in such vastly different manners? Also another common misconception, minimum wage doesn’t increase inflation, it simply increases unemployment - minimum wage is arbitrarily set by a governing body - that may incentivize a company to justify a price increase of their products, but it certainly doesn’t guarantee that their profit margin will adjust with the price increase- especially in a market that is now unable to employ the same amount of people as it had before Given minimum wage increase determinations are ultimately arbitrary, a rise in cost in product would also be done under false pretenses if done for the reason of a minimum wage increase, if prices were already at an optimal level, it would not be optimal to increase them due to a bump in the minimum wage.
But wasnt UK govt under Liz Truss doing the same. Increasing supply side by reducing taxes. So why wasn't she successful? Is it because we need Paul Volcker BOE first and then work on supply side? 😅
hello professor. i'm so pleased with your lecture on paul volker w/fed. it's 10yrs ago clip. idk if you will see my note or not. i'd like to ask you if the same scenario like Volker time will happen again in near our future. i mean there is war going on in russia and higher chance to see war happening in twain and china, iran and saudi. economic recession is coming up. labor wage is going up. the midterm election is done. the president election will come to soon between baiden and trumph(?) just like cater and ragan. your lecture is so identical now. i'd like to hear your opinion sir. thank you
That’s how you create an economy based on paying debt with printing money that in turn creates monsters dictators likes of hitler. Romans, Greeks, Japanese, Germans and lots of Latin countries have been there. Ask Charlie Monger about Volcker and his prediction ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-v5UCmsXpngA.html
