EconMovies #9: Despicable Me 

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And invade Middle East

HAHAHA!!

Yeah that is correct and I have add so its hard to catch up lol

Yes! The info is good but he needs to slow down.

+Luke Gresser You are welcome Luke. Please subscribe.

+Ranc0r007 It all starts with you. Please subscribe and tell your friends :)

+ACDCLeadership Where is the "Adam Smith vs. Karl Marx" video? It's in the video above and there's even a box over it but it's not clickable and I couldn't find it on your channel anywhere.

I haven't made it yet. It is on my short list though:)

+Jamie Holton Thanks so much. Next time I'm in Singapore let's hang out.

@@JacobAClifford Hey Mr Clifford, if you're in Singapore we can hang out too. I have my university finals in a week, and I'm bingeing on your videos because I haven't been keeping up during the semester lol. Wish me luck!

+QuixleyTv I'm glad I was able to help.

+Guerta Toussaint What do you mean kwerkyness? :) Thanks for watching Guerta

+ACDCLeadership Kwerky (I may have misspelt it sorry) meaning silly/funny. Most professors are more concerned about being respected for their knowledge than they are making the material easy to understand. Granted I have a hunch your teaching style is your personality, but nonetheless its fun to watch.

+Guerta Toussaint I was just joking with the question. I know that I am a little weird...and I am glad that you like it:)

+c_lin Thanks I appreciate it. Please subscribe and tell you friends:)

I did! Also, you are currently helping me study for my Economics final tomorrow. This is much more interesting than reading a book! Thank you so much!

You are welcome

+ballackChelsea13 Yes! Let's make an Economics Party

+Sameer Hassan Great. I am glad that I have been able to help. Good luck on the next quiz. Hopefully it is about monetary policy in animated movies.

abdul rafay 😩😆🅱️👍👊😩😅😩😅💯☺️🤭👍😕😂👏🏻🤣👍🤷‍♂️🔫👊

+Mario Pasaribu Nice. I was waiting for someone to see that. Well done

+ACDCLeadership It is like for .5 secs, I even have to repeat that a few times just to be sure.

kekekekek

+TheArdentArtichoke Yeah. I've been busy writing and filming CrashCourse videos, but now I'm back:)

+Sameer Hassan No, sorry. That must have been some other highly attractive economics teacher.

Knowing that your dollar will buy a little less in the future encourages you to spend now.

Saajid Hasan Kind of figured it was related to some type of keynesian economics like that.

If you work for a factory and are doing a good job, you will probably ask for a raise. The boss will give it to you (and all the other hard workers). That raise cuts into profits so the factory will have to raise the price on the goods they make. If you never got a raise, you would probably be pissed. This is more of why we have inflation (at least one reason). I think Saajid's comment is a good one as to why the Fed may want to maintain a 2-3% inflation rate. As for deflation, that is easier to logic out. Spending would slow/stop for many big ticket items if there were to be deflation. Let's say you want to buy a car that costs $20,000 but you notice that everything seems to be getting cheaper. You choose not to buy that car because you expect it to cost less in a few months. A few months later, if prices are still going down, you still won't want to buy it because you expect it to get even cheaper. Now the car company isn't selling as many cars and they have to close some factories and a bunch of people lose their jobs. Now think of this on a macro level.

Laura Lampron Good points, but just playing devils advocate, usually raises are given to those whom employers would like to keep around because of their experience and ability to produce more because of that experience. A new employee might paid at the same rate of the experienced one might not be able to produce the same amount of goods in a given period of time, and that would warrant the employer giving the experienced employee a raise. If we look at it as a ladder in an inflationless world, those with the upmost experience are usually retiring and getting off the ladder leaving lower rungs vacant giving other employees the ability to step up and receive that promotion or raise. The ladder never goes moves with this, but the employee's wages do. I agree with you on deflation. However, these points have not altered my belief that a 0% inflation rate would be preferred in an economy and would encourage more people to save rather than protest for higher wages to match the inflation rate.

Sure, increased individual productivity should/would warrant a wage hike but during periods when unemployment is really really low, sometime the boss has to give wage hikes to even average employees to keep them around simply because there isn't anybody to take their place.

+Honey & Roll I would, but no one really watched them. I get twice as many view from standard review videos. Go figure.

+Spangie Pie Thank you. Do you have any suggestions for the next movie?

+west7689 You are welcome

+Atharva kotwal Sure, I made this one with the Crash Course folks. Take a look. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-GPOv72Awo68.html

+andrea luce Nice. I didn't notice.