Leave it up to the guys and gals from EconClips to present a complicated topic in a manner that even someone like me is able to understand it. It is quite embarrassing, that my teachers in high school and university were completely unable to make me understand these concepts during several years of formal instruction. At the same time these guys do it in a way that is not only informative, but entertaining.
I am certain that you and I understand this much better than many elected officials. Some elected officials are specialists in the law of unintended consequences. Two recent examples: 1. the 1992 luxury tax that had the consequence of killing some yacht builders and crippling others and, 2. the $15/hr minimum wage which (for some business categories) raised the production costs higher than the price of the goods produced.
Can you please do a video about the economics of Nazi Germany and how they were able to pull themselves out of Weimar hyperinflation to an economic powerhouse?
Hey EconClips! love your videos. Could you explain what is the Austrian perspective on current healthcare system, which was, right now, considered extremely expensive. Should the Austrian philosphy applied to healthcare? Or should health care services be an exception? Or did you think that governmental policies such as Protectionism had resulted the current situation?
I must say that I love all of the information that is given in these videos. I feel like I am really developing as a person; however, this video really feels like I am reading a textbook. Again the information is astounding but I don't feel motivated by the video to learn more about the topic on my own.
Leave it up to the guys and gals from EconClips to present a complicated topic in a manner that even someone like me is able to understand it. It is quite embarrassing, that my teachers in high school and university were completely unable to make me understand these concepts during several years of formal instruction. At the same time these guys do it in a way that is not only informative, but entertaining.
I am certain that you and I understand this much better than many elected officials. Some elected officials are specialists in the law of unintended consequences. Two recent examples: 1. the 1992 luxury tax that had the consequence of killing some yacht builders and crippling others and, 2. the $15/hr minimum wage which (for some business categories) raised the production costs higher than the price of the goods produced.
EconClips is Awesome! :)
Thank you! :)
Can you please do a video about the economics of Nazi Germany and how they were able to pull themselves out of Weimar hyperinflation to an economic powerhouse?
By stopping printing money. And freedom to work?
Hey EconClips! love your videos. Could you explain what is the Austrian perspective on current healthcare system, which was, right now, considered extremely expensive.
Should the Austrian philosphy applied to healthcare?
Or should health care services be an exception?
Or did you think that governmental policies such as Protectionism had resulted the current situation?
I must say that I love all of the information that is given in these videos. I feel like I am really developing as a person; however, this video really feels like I am reading a textbook. Again the information is astounding but I don't feel motivated by the video to learn more about the topic on my own.
Guys youa re my best find on the RUclips Uni!! Thanks a ton for working hard to educate us!! - do you have paid course?
3:04 Real ones know that there only need to examples here, as taxation is robbery, and conscription is slavery 😉
That's how demand and supply work. People want to drink alcohol so the market reacts. That's simple.