Why aren't the central banks which are all doing Nirp considered to be a deadweight loss? Serious question. I guess someone will say that they're inviolable or sacrosanct because someone created little pieces of paper (laws/exemptions) and placed them inside of fancy buildings (which grants them the rights to do these things). Simply put, better than the rest of us and therefore not held accountable for anything, ever.
@@videakias3000 That was not a free market failure. The president of Atari was inside trading, which led to a bubble, which led to a collapse. The only reason free markets work is because nobody has the advantage. Milton Friedman famously said "You have to choose if you are pro business, or pro free market." That was a result of someone being pro business, not a free market failure.
@@discojohn8753 how was the pressident of atari responsible for the fact that there were too many consoles in the market and that many games didn't mantion in their box the name of the console that they were suppossed to play on?
Explanation looks incomplete to me. Lets take the bus example. But if I have 50$ but the bus cost me 60$ due to tax, they say it is not made up for in value because there is no revenue, but i will still spend it on something else (maybe i go to a restaurant instead). I dont study Economics, I study competition law and so Im trying to understand why monopolies are bad. Sofar I havent come across any good explanation.
You lose 10 dollars worth of a trip. The bus driver/company loses 10 dollars worth of revenue. The government loses tax revenue. The world is worse off.
Can you calculate the dead-weight loss of African Americans being disenfranchised, disproportionately targeted by the prison industrial complex and generally the unwillingness of White America to invest & treat them just like they would treat their own fellow white Americans. Thank you.
C. Lincoln - Here’s a fun fact: deadweight loss doesn’t happen without government intervention... situation is applicable here too. Government has always been the deadliest and most discriminatory organization, and people want to give it MORE value.
jffryh - They can. That doesn’t mean the deadweight loss we are talking about will happen. In a perfectly competitive market, DWL is impossible. And monopolies have no history of taking form without the help of government.
i read several other websites before visiting this. This was the only one that made me understand.
😊 Same with me...
First time I understand economic concept like this
Thank you dear
Go check the land value tax,the tax system without any deadweight loss
So how do I lose weight
everytime you wanna eat something, give 10% of your food to the government
When you die
Do deadlifts !
Price floors
This was really helpful, thank you!
Great vid, easy to follow.
Thank you. It was really helpful.
What do mean by benefit of the trip? It's satisfactory benefit?
thank you
@2:58 "negative externalities"
Yes! I think this should have been stated in the beginning. If you don't finish the full video you might never be able to catch that information.
I dont get it
It’s the fact that the music went silent at the exact time I understood this 😍
lol sameee
Why aren't the central banks which are all doing Nirp considered to be a deadweight loss? Serious question. I guess someone will say that they're inviolable or sacrosanct because someone created little pieces of paper (laws/exemptions) and placed them inside of fancy buildings (which grants them the rights to do these things). Simply put, better than the rest of us and therefore not held accountable for anything, ever.
Thank you, this helped a lot!
Thanks for good explanation!
احب هذي القناة لانها جعلت مادة الاقتصاد سهلة وممتعة ❤️❤️
Nicely explained.
Nero?
Approximately how much deadweight loss is there in the economy?
When you say "market inefficiency" you mean the government, right?
not necessarily,sometime market fails and government has nothing to do with it.
government wasn't the one responsible for the video game crush of 1983
@@videakias3000 How's that related?
@@CvnDqnrU dammit,for a moment i thought you said market failure.
i guess it is not related to what you said.
@@videakias3000 That was not a free market failure. The president of Atari was inside trading, which led to a bubble, which led to a collapse. The only reason free markets work is because nobody has the advantage. Milton Friedman famously said "You have to choose if you are pro business, or pro free market." That was a result of someone being pro business, not a free market failure.
@@discojohn8753 how was the pressident of atari responsible for the fact that there were too many consoles in the market and that many games didn't mantion in their box the name of the console that they were suppossed to play on?
thanks for simplifying the explanation!
Thanks
Great video. thanks for sharing
ty
u explained very welll❤
Why isn't the new price 3$ ? 2$ + 1$ because of the tax?
the producers decreases his profit by 50 cents and bares the 50 cent tax.
how is there no revenue if the government gets the tax
Now thats how to explain!
Excellent explanation
Thank you , I finally understand
Super helpful!
Thanku
how can you make something so simple complicted :-P :-P ?
T
good vdo keep it up
Explanation looks incomplete to me. Lets take the bus example. But if I have 50$ but the bus cost me 60$ due to tax, they say it is not made up for in value because there is no revenue, but i will still spend it on something else (maybe i go to a restaurant instead).
I dont study Economics, I study competition law and so Im trying to understand why monopolies are bad. Sofar I havent come across any good explanation.
imekaa poa sana
intro music hella nostalgic
You lose 10 dollars worth of a trip.
The bus driver/company loses 10 dollars worth of revenue.
The government loses tax revenue.
The world is worse off.
Superb 🙌🙌🙌🙏
It was easy to catch..
Watching at 3:30am 😬😬
Still intersting
why trip to NY equal 1 and 0 ??
the one means that 1 trip was taken before tax. After tax, 0 trips were taken.
「目標を指定してお金が必要」、
Can you calculate the dead-weight loss of African Americans being disenfranchised, disproportionately targeted by the prison industrial complex and generally the unwillingness of White America to invest & treat them just like they would treat their own fellow white Americans.
Thank you.
Asshole
C. Lincoln - Here’s a fun fact: deadweight loss doesn’t happen without government intervention... situation is applicable here too. Government has always been the deadliest and most discriminatory organization, and people want to give it MORE value.
negative externalities happen without government intervention
jffryh - They can. That doesn’t mean the deadweight loss we are talking about will happen. In a perfectly competitive market, DWL is impossible. And monopolies have no history of taking form without the help of government.