I get to know the core of Economics with your each video. Just addicted and started seeing the economy in different perspective. Thank you sir. Please continue….
There is an irony I see to what has happened in China. I did live and work there for a while. The Communist dictatorship did not extend to traffic laws. There was more enforcement of traffic laws after about 2010, more orderly driving. What I read is that their provincial and city governments borrowed heavily to pay for infrastructure projects rather than raise taxes. If the population in these areas had so much faith and fear in their city and provincial government leaders, then why couldn't these leaders just raise taxes? There seems to be an irony in this situation. Neither the Chinese nor the Japanese governments issue debt to foreign countries or do so at such at a low level it has little meaning. Whatever debts are owed by the provincial and city governments, they must be owed to Chinese citizens. Political scientists have argued that in s democracy with election cycles like ours, the elected leaders are afraid to raise taxes because they need votes to be in office. And our American leaders have done this war, like World War II. If one looks at the chart at the bottom of this web page, fiscaldata.treasury.gov/americas-finance-guide/national-debt/...in 1941 the total federal debt was at $1.5 trillion. By 1946, it was at $4.54 trillion. From this chart, the federal debt was kept almost constant, which means our leaders did not really borrow money for the Vietnam War, but reallocated funds in the budget. Everything I have heard and read suggests that the wars in Afghanistan and Iraq cost about $2 trillion. But those funds were borrowed, which means interest charges are incurred, so it will cost more than $2 trillion over the years. Why don't government leaders just raise taxes instead of borrow money because it will cost more later on through interest payments. Why don't they just tell the electorate, all of the voters, they will not have enough money for the combat operations as well as other government services, and tell them they can pay an increase in taxes now, or have tax receipts pay for the interest charges on borrowed funds later? Published government documents show our country owing China about $745 billion, and us owing Japan about $1 trillion. They are the two single largest holders of U,S. government debt, by our choice and their choice. Other foreign countries hold about $8 trillion according to Steve Ballmer of USA Facts. If one listened to Keith Hall, the Director of the Congressional Budget Office from 2015-2019, in August 2023 on C-SPAN Washington Journal, we owe 30% of the then $32 trillion to China and Japan. That would be $9.6 trillion. I do not know which is true. The U.S. Treasury reports to the public through its website that the total we owe is $35.94 trillion. That $35.94 trillion breaks down into parties owed in some way. We are on pace to be at $36 trillion by the time of the next presidential administration. Aren't we still almost two months away from the next presidential inauguration? One of the questions in my mind is if China and Japan have smaller economies than we Americans, where did they get the capacity to loan our government so much money, especially if their debt to gdp ratios are much higher? Someday I will get the answer to that question. I do not have any impression from looking at the chart of the federal debt since 1924 that the leaders of our government lifted the debt ceiling/limit from 1946 to 1979, not in any significant way. And no one said if it did not get raised, that it would result in economic catastrophe. Would economists like Marc Zandi explain why not raising it now, and capping it for a while, would be catastrophic now? I cannot reach them. Can you contact others who can ask that question? As long as the debt limit gets raised, to whatever level, the interest payments will increase.
Thank you so much Dr. Azevedo. I decided to minor in economics and was starting to feel like I wasn't cut out for the study at all. Your videos have helped me immensely and now I feel like I really do have a chance. You explain things so well. Thank you!
Professor!!! Lectures are very helpful to understand the theories. Chapter: 31 & 32 are missing in RUclips. 31 & 32 don't exit? once we finish 30, can we straight away jump to 33? Please comment!!!
I get to know the core of Economics with your each video. Just addicted and started seeing the economy in different perspective. Thank you sir. Please continue….
Glad to help!
Best Teacher Ever Lived
Ha! Not sure about that, but I appreciate it. ;)
Zimbabwe’s hyperinflation was insane.
Your videos are always very interesting and easy to understand.
Yes it was! Thanks!
I love your videos. Watched it the night before exams and got good marks. Now I sometimes watch your videos just for fun🎉
Your vids already save me from midterm and I really need this for finals. Thank you so much for publishing these amazing videos.
I'm happy to hear the videos have helped you! Good luck with finals!
There is an irony I see to what has happened in China. I did live and work there for a while. The Communist dictatorship did not extend to traffic laws. There was more enforcement of traffic laws after about 2010, more orderly driving. What I read is that their provincial and city governments borrowed heavily to pay for infrastructure projects rather than raise taxes. If the population in these areas had so much faith and fear in their city and provincial government leaders, then why couldn't these leaders just raise taxes? There seems to be an irony in this situation. Neither the Chinese nor the Japanese governments issue debt to foreign countries or do so at such at a low level it has little meaning. Whatever debts are owed by the provincial and city governments, they must be owed to Chinese citizens. Political scientists have argued that in s democracy with election cycles like ours, the elected leaders are afraid to raise taxes because they need votes to be in office. And our American leaders have done this war, like World War II. If one looks at the chart at the bottom of this web page, fiscaldata.treasury.gov/americas-finance-guide/national-debt/...in 1941 the total federal debt was at $1.5 trillion. By 1946, it was at $4.54 trillion. From this chart, the federal debt was kept almost constant, which means our leaders did not really borrow money for the Vietnam War, but reallocated funds in the budget. Everything I have heard and read suggests that the wars in Afghanistan and Iraq cost about $2 trillion. But those funds were borrowed, which means interest charges are incurred, so it will cost more than $2 trillion over the years. Why don't government leaders just raise taxes instead of borrow money because it will cost more later on through interest payments. Why don't they just tell the electorate, all of the voters, they will not have enough money for the combat operations as well as other government services, and tell them they can pay an increase in taxes now, or have tax receipts pay for the interest charges on borrowed funds later? Published government documents show our country owing China about $745 billion, and us owing Japan about $1 trillion. They are the two single largest holders of U,S. government debt, by our choice and their choice. Other foreign countries hold about $8 trillion according to Steve Ballmer of USA Facts. If one listened to Keith Hall, the Director of the Congressional Budget Office from 2015-2019, in August 2023 on C-SPAN Washington Journal, we owe 30% of the then $32 trillion to China and Japan. That would be $9.6 trillion. I do not know which is true. The U.S. Treasury reports to the public through its website that the total we owe is $35.94 trillion. That $35.94 trillion breaks down into parties owed in some way. We are on pace to be at $36 trillion by the time of the next presidential administration. Aren't we still almost two months away from the next presidential inauguration? One of the questions in my mind is if China and Japan have smaller economies than we Americans, where did they get the capacity to loan our government so much money, especially if their debt to gdp ratios are much higher? Someday I will get the answer to that question. I do not have any impression from looking at the chart of the federal debt since 1924 that the leaders of our government lifted the debt ceiling/limit from 1946 to 1979, not in any significant way. And no one said if it did not get raised, that it would result in economic catastrophe. Would economists like Marc Zandi explain why not raising it now, and capping it for a while, would be catastrophic now? I cannot reach them. Can you contact others who can ask that question? As long as the debt limit gets raised, to whatever level, the interest payments will increase.
Excellent Monopoly example!! It guided me into understanding this chapter!!! Thank you!
Ha! My students always enjoy that example. Glad to help!
Hello! I am watching your videos from Mongolia. Lectures are very helpful and truly saving me from failing in my classes. Thank you so much!
I'm glad the videos have helped you out!
Thank you so much Dr. Azevedo. I decided to minor in economics and was starting to feel like I wasn't cut out for the study at all. Your videos have helped me immensely and now I feel like I really do have a chance. You explain things so well. Thank you!
I happy the videos have been helpful for you! Good luck with the minor!
This lecture will certainly save me from failing tomorrow's quiz. I wish you also taught accounting and finance; i would have learned a lot.
Good luck with the quiz! I'm happy to hear the videos are helpful!
Amazing lecture. For the first time I think I understood inflation.
Great! Glad to help!
Great explain. Thanks for uploading
its great to study, commendable efforts sir . Thank you
Sir! You really are good at this!. I have my endsems coming up and I have found the best lecture I have ever seen! Thank you so much sir!
I'm glad you found the videos. I hope your exams went well.
Thank you so much
Thank you teacher, great lecture.
Thanks! I appreciate it!
lectures are very helpful ♥️ thank you for your efforts! did you make video for chapters 31 and 32? if you've make, can you upload it?
Your videos help me greatly!
Thank you a lot and greetings from Armenia : )
Greetings! I'm very happy that the videos were helpful!
It is quite helpful, Thank you.
Thanks for the great lesson professor
Also your last point sounds a lot like short selling. Hoping to buy back stock at a lower price.
Thanks you for your help!
Thank you sir it is really helpful. I hope you will take the value what you deserve in the near future
bu reyiz olmasaydı econ hiç çekilmezdi harbiden
Thank u🥰
Awesome lecturer ❤
Thank you!
lots of love sir tysm
THANK YOU
The story with the kids really cracked me up🤣🤣🤣🤣
Haha! That's one of my favorite stories to tell.
This lectures are amazing but... where is chapter 31?!? you went from 30 to 33!
tysm💗
that whole monopoly story was so nice😄
Ha! That's one of my favorite stories to tell.
So thank you! Amazing video!! Can we reach chapters 31 and 32?
Very informative series.... Can V have d missing episodes as well? Thanks
Good story
That doubling the money thing in monopoly, we did it too in childhood😆😆
Ha! That's great!
sir, i hope you release the video for chapter 31 & 32 really soon, thank you
I'm hoping to record some more videos as soon as the semester ends.
Are there any videos for chapters 31 and 32?
Thanks.
I feel like economics is a confusing major. Its like 1+1 does not always equal 2 in economics.
It seems like economics is more about human psychology.
Professor!!! Lectures are very helpful to understand the theories. Chapter: 31 & 32 are missing in RUclips. 31 & 32 don't exit? once we finish 30, can we straight away jump to 33? Please comment!!!
I don't have videos for all of the chapters yet, but I'm working on them. I'll be uploading some more in the coming months.
Wow writing backwards like that takes real skills
Dr. Azevedo is there any possibilities that money can be a giffen goods ?
We don't typically think of money as the good. But even if we did, no I don't believe it would be a giffen good.
thank you for your videos sir. I'm on my finals and that's helping a lot
Glad to help! The secret is that the final image is reversed. It makes it look like I'm writing with my left hand.
Professor can you help me on the understanding of M/p =Y/v(i)
How are you writing backwards so well….??
Its mirrored video...he is right handed basically...
Its mirrored video...he is right handed basically...
how the hell students do not sub this channel!!!!
biết sao hong
Johnson Michelle Lewis Michelle Lewis Deborah
Sir, can you kindly share your Email?
Just Google University of Central Missouri Economics and it'll be on that page.