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Austrian economics

Thanks for the video. Just one thing to add: growth is tightly linked to environmental degradation, so we will have to think of different strategies for well-being than to keep pushing 'growth button'. ;)

Why was i recommended this video now?

I completely agree: Its about making more stuff. Not the money itself. (Assuming its a healthy economy)

Damn this was legendary This channel should be so much bigger

at 3:26, you should eraze the meat at the butcher as it is sold to the miner already. (Do I miss sth?)

This was fine until we got to the cynicism about politicians. Political institutions are also actors in an economy, and some investments are best handled on a collective level.

Good video but that bass in the background is funky

The best video ever❤❤

theres no proof the pile of money would change anything. $100 is still needed, they just have more of it opposed to the 1. which didnt change anything except that whomever needed it back if they hit 0, or else they cant buy anymore. they buy not because of the product, but because they arent of that utility to get such a product, so they pay someone else to. causing a chain reaction... if not everything is equally $100... then there will be changes... and there may be someone whos getting more but paying less... therefore the piles of money would be unfairly accumlated, and giving a pile of money takes that away... unless you purely dont want others to be amidst in an economy, so find ways to take them out... unjustly...

😮 barter trading evolution

I wish you saw reasons to make more videos

Only two videos on your channel, I would binge watch even if there were a hundred.

But what some people dont understand is, the demand for different goods and services, is changing into a digital realm. And its changing into a more opportunistic climate. The government should not panic too much. But also shouldnt create so much debt. Treasurers should realise. Making and selling digital goods is totally different. It takes time, but eventually. Digital assets grow quite large. But inequality is rife. Look at say, an only fans girl. Making millions of dollars. Simply by being naked.. she doesnt even need to leave her home. She can bring in a lot more overnight than even a working girl. Now, compare this to a graphic designer , artist or musician. They can bring in digital assets in a more steady flow. But they have to remain relevant, now these people can all buy property, and live quite comfortably, so long as they do it right. I guess it makes things less predictable. But, if i were investing. I could play it safe, and invest in gold or penny stocks. But we need some more wealthy investors creating agencys. Brands. Entitys. Cos, if they do, thier payoff could be rewarding for everyone. I also think there needs to be more opportunity out there for different types of brand deals. RUclips need to be more fair with creator growth. Give everyone the same opportunitys. Same as a lot of other platforms. And if your an investor. Invest in an artist. Give them the tools they need if you can afford it. I guess thats what record companies do. But, we need to stop the whole printing more money thing.

This explanation suits to economies that are internally dependent, I want to know more about how does economically grow through external factors which isn’t explained in this video

where do you go..

awesome old video, thank you.

Town full of lazy, 1 trick ponies if you ask me. Each of these workers should be capable of basic/general knowledge or work in each field.

ok the first half of the video is pure economics, the second half of the videos is pure politics

This is a really nice explanation of GDP, not growth

I have hunted for a video like this for a long time. It's a great video. But I am still a little mystified. Where would the butcher have gotten the $100 from? I have always assumed that, to develop an economy that uses money, (as opposed to trade by barter), you would kick things off by issuing each individual an amount of money commensurate with the wealth or skill he or she possessed. So in this scenario, each individual would initially have a little money since they all provide valuable services, but some individuals might receive more money than others to reflect the different values of their services.

I did not know that ibdint understand the basics if economy until i watched this ❤ Thank you its very educative

The miner needs a pickaxe fo mine new iron ore and the blacksmith needs iron ore to make a pickaxe. Now everyone is fucked.

Absolutely love this especially the ending about politicians

Excellent work. Great explanation and good example! Keep up the good work!

good explanation till you got into all that libertarian bs. politics is another ballgame in its own.

Loads of love bro.... Thank you for such a simple explanation ❤

I like your video

which software u use

0:48 i heard and a minor not miner ;-;

dude dropped the best video about economics then disappeared

economy = goods & services money = late exchnage of goods & services

Thanks .

but 3 people are starving 🤔

Minr iz sprm csell

I randomly questioned what people always meant by "this will help grow the economy" and I never understood how it would or what they meant by that and this filled that gap in my understanding within a few minutes, good video.

The so called economy is human nature bottled and sold back to us under the guise that thin air exists 🤔 erm??? Yes it's a complete SCAM FOR lucy their gud ok money is the root to all evil

Thanks I explain grandkids one rand more people got stuff money means of exchange

Time is money just made sense

this man... like i came from knowing nothing to being the albert einstiein of economics

The only thing we lose here are resources, which is why we need sustainable development. Money is meaningless without sufficient resources, hence scarcity will occur.

On the surface this video might seems childish ... but it is awesome and very informative !! Good job

How do you counter the next statement: "But that (liberating the economy from state regulations) would mean that the private sector could fire employees at will without consequence. People wouldn't be able to get a dismissal compensation after they get fired."

GOD DAMN THIS IS A GOOD VIDEO.

whered you go

pls make more videos

In my country, small businesses dominated the economy and I always wonder at night why in the world are those 'smart' people not smoothening the interaction of these businesses and take a rational risk to trigger a fucking prosperity so no more underage kids have to sell themselves only to have dinner. In fact, the government oftentimes restricts these people and they somehow choose to support bigger companies (obviously has something to do with corruption). It's crazy how this isn't settled already here that I'm now considering to study economy

Thanks

yea politicians banning child trade is thinking of himself lol

the entire system runs on the " suppose we have 100$ " in the beginning. 100 dollar of what? why should anyone trust this 100 units of something? and HOW did butcher get the 100 dollars? he killed someone?