Please consider making videos on the current US inflation fears and the stimulus packages that were passed…might be a good niche to delve into…you’re an awesome teacher!!🙌
Yes! I just learned that contractionary policy is used during periods of inflation, so why are we about to spend more money with this new bill? I do support the ideals but I'm trying to understand how this is the right fiscal policy for our current situation.
@@kcg5336 The bills were passed for political gain. Their deficit spending is going to be funded through either higher taxes which would stifle growth or printing more money which would cause more inflation. So imo its just for politicians to look good and stay in power.
Once rich and then becoming poor is the worst scenario a country would like to face. For me Venezuela has the worst economic system to date. Liked your video keep them coming :)
Have to agree specially when it happens in a fast pace like it did in Venezuela, so all the money they were saving suddenly turned worthless and with how much inflation they have they can't even trust using that money anymore so they basically have no viable way of trading goods and services. At least north korea is imposing military dictatorship power to keep their economy somewhat stable poor but still stable at least
He's looking more and more like an 19th century Victorian gentleman with that mustache and beard combo (see Napoleon III for reference)! You also hurt the Supreme Leader's feelings by suggesting his economy as the worst
Very interesting video! Id love to see your take on the US inflation fears, El Salvadors monetary switch to bitcoin, and what effects the current US/China decoupling policy might cause on the world.
We would watch Mr. Cliffords videos back in my Econ class junior year of high school. His videos definitely helped me get a good grade in that class! Miss those high school days and seeing that he’s still making these videos takes me back. Good to see you’re doing well Mr. Clifford!
We dearly appreciate all your works Mr. Clifford...!!! A few days ago, I watched a video on Stanford University RU-vid channel about why some countries are rich and some poor. They said it's not about resources, talent, skills or locations. It's about MINDSET...!!! It's sad to see many people suffer because of knowingly or unknowingly don't want to change their mindset...!!!
i know you from crash course and i was really sad when u got out..little did i know you have a youtube channel. i found you when i was digging for your gudance but today finding you really made my day. You are the best teacher ive ever known and really thank you for being here for us.
Venezuela, has worst economy, because it is failing to allocate its scarce resources efficiently, North Korea, too suffers from bad allocation but they've embraced it since long time and didn't see any collapse in economy like Venezuela has seen. I hope things get better for all these inefficient economies. Thanks for such informative content, kudos!
I was born and raised for most of my life in Venezuela but my parents are from Syria. I lived in both Syria and Venezuela and I couldn't further relate to what this guy said.
I'm active duty U.S. Air Force. I was stationed in South Korea for two years. It's an amazing place. Tons of great food, lots of cool places see, lots of activities to do, and lots of amazingly kind people. It was a blast, and probably two of the best years of my adult life so far. I was also able to step foot inside North Korea (each side lets military members over the border to promote peace). I didn't see North Korea's economy first hand, but seeing all that control on the border and the separation between greatness, and devastation is heart breaking. Korea is truly is the worlds greatest economic experiment. Free markets will always prosper over non free markets.
Some brilliant ones could be Iran and Zimbabwe- previously prosperous but due to political extremism became isolated, investment fled and living standards slumped. There is little chance of improvement for both nations due to the state’s unwillingness to relinquish economic power.
I am trying to figure it out🤔. Maybe it is the crazy dictators and sanctions🤥. Oh wait Taiwan has massive sanctions from China still doing amazing. Dictators? Nah many countries have dictators and are not starving😬. Oh wait I got it.... Maybe the reason is because they follow a system which takes people's property and businesses and has them run by incompetent lazy politicians😂
Great video, I have a request, can you please please make a detailed video on ECONOMY OF INDIA (after and before of 2013) . Please, it's a huge request. Thankyou
I think North Korea is the worst . As Venezuela may recover or at least know how to recover but for North korean it is worst they don't even have rights that we enjoy in general.
For me, worst economy is DR Congo, it is more like federation of tribes than a country. Combine that with 20+ years of war and corruption in Government since independence and a 20 year kleptocratic rule of Mobutu Sese Seko. Zairean Zaire, and now Congolese Franc have been experiencing hyperinflation since 1989. Maybe You disagree, but for me, this is worst economy in world.
I can't think of many ways North Korea and South Korea are exactly the same. North Korea is more mountainous, has a smaller population, and the economy was almost completely destroyed during the Korean War. Meanwhile South Korea has had massive loans and grants from USA to improve the economy. North Korea is the most sanctioned country in the world. North Korean exports are heavily restricted, and many countries ban all trade with North Korea. South Korea has been able to trade freely with the largest economy of the world the United States. To say North Korea and South Korea are two identical countries and the only separation between them is economy policy is downright disingenuous and intentionally misleading.
I was really curious if you were going to mention Poland, a country with (I think) good resources, good location, good climate, all that should help economics, yet, because of greedy, selfish, short-sighted, self-centered, stupid people & government, it is in total and utter... ehh, how to put it gently... ass? Yea, sounds about right...
I love your video at large but i will advice everybody who is into cryptos to stick with eth and btc as much as you can guys. if everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
IMAGINE BEING RICH, BEING TOO LAZY AND IGNORANT TO COME TO EVEN THE SLIGHTEST AGREEMENT. LET'S PETITION TO FIRE THE GOVERNMENT OR TAKE FROM THEIR POCKET MONEY IS GOOD FOR ONLY THREE THINGS : FUN, INVESTING, AND GIVING.
I once invested my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
@@robhochstein4672 you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
Can't we do anything to help them do a job and earn food and we'll being in 2021 If not, earth is not having a great economic structure. It lacks a resource it should have, humanity.
Great video Jacob. Definitely Venezuela is the worst economy and will continue being so until their socialist communist is out. In Latin America the US is always the boogeyman and this is why things like this happen. Colombia has practiced open market and embraced globalization and although in the 90s it affected the country badly, in the long run it has worked.
