Recession, Hyperinflation, and Stagflation: Crash Course Economics #13
Video Overview & Insights
If you're ever put in charge of a national economy, there are a few things you should try to avoid. Before you laugh, just remember, you COULD be in charge of an economy someday. Someone has to do it, and anyway, if it could happen to Alan Greenspan, it could happen to you, too. The first thing you're going to want to avoid is hyperinflation. Don't print too much money, okay? Actually, it's a little more complicated than that. Jacob and Adriene will explain. You're also going to want to stay away from recessions, and especially depressions. In the world as it exists today, continued growth is the only path to viability. While some argue for sustainability or even controlled recession, you're not going to keep a job as head of central bank thinking like that in this day and age. Also, avoid stagflation, which is a stagnant, no-growth economy combined with inflation. It's just the worst. Don't do it. All this and more on this week's Crash Course Economics.
I think everyone should decrease their spending. Because hypermaterialism is also a problem.
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Happened in Germany.. Mark that
More User Perspectives
1
@ABDULRAHMAN_ALSHOBAKIWhy he not blinkin?
@IntegralsoulsWhy don't the government, just like, print more money faster than the inflation?
@MajesticOakThis was a really good video!!!
@harperbroome7109Jungle boogie jungle boogie
@thomasraymer1085how does 50% monthly inflation turn into 13 000% annual inflation? Please explain i don't get it.
If you take january as a base, you would get 50% + 2X50 + 3X50 + 4X50 etc.. till + 12X50 = 3900%. I don't understand where I went wrong, can someone explain how to fin 13 000 %? Thank you so much, I give macro classes and want to be able to explain this to my students
Ok but now why don’t you explain this to me like I’m an eight year old
@MsDarienmA Like if you're watching this during the War in Ukraine.
@kensyjolicoeurI'm in the future
Year 2022
Russia and Ukraine are at war
And a lot of people are dummies
I used to watch these for fun as a teen, no idea I'd be watching in 2022 to prepare myself to dive into understanding a current recession 💀
@JasonTodd339I came here in august 2022, trying to understand what’s an stagflation
@benjamínsaraviaelbenjaExcellent stuff.
@GOSUmartialartsFirst minute, $1 TRLN DMK / $1 USD. Next sentence, 1,000 bln DMK in circulation. So the entire currency was worth $1? GTFO.
@bitterbob30i didnt know great khali is so knowledgeable
@shubhankarmote9726wasn't the biggest note ever issued post war hungary's 100,000,000,000,000,000,000 (100 Quintillion) Pengő note or is this one just not counted because the denomination on the note said 100,000,000 Bil.-Pengő?
@that1niceguy246You guy's are awesome!
Appreciate it.
In the five years since this was made have they done a video on automisation ?
@castielkahnwald5314Can Jacob talk any faster
@Bantoon6To actually digest their vids I have to watch at 50% speed does anyone else do this? lol
@guinnessstout1452And here I am in Venezuela, where the goverment eliminated zeros, printed and change the currency. And for those that dont know, we closed 2019 with 5.395.536.286%
@jaypr719Any economics video with Mr. Clifford is one worth watching, in fact just put him in the thumbnail next time
@zanealfredmonteiro2016What's that machine called behind Jacob ??
@pedroluis4474Prepare for hyperinflation, folks.
@FancyPantsUSDRemember after the depression WW2.
Looks at 2020
How do you "cut" the money supply
@ArturoZetinaRadioMoney Printer go Brrrrrrrr!!!!
@braing6841So......what is happing now is not good. Got it.
@hamaljaySoo... We're /really/ hanging on for WW3 to get us out of this, huh
@slaterrox23How can it be educational if there are no sources provided?
@nbaclips4040hungary hyperinflation rates was higher than the speed of light.. waw
@papalagiisengIf Germany gave the printed money to their allies directly (i mean without circulating the money in Germany's market) will it cause inflation?
@wahidulislamnabil350DFTBA- Don't forget to be awesome
@likithcr8492I am here to understand what is gonna happen to our economy after the Corona Virus outbreak😭
@AlvinRyellPradawhen I need a fridge I need it now, I can't wait for the price to drop...my milk will go off.
@devilononeshouldercan someone send this video to trump's administration?
@mimosa9188hmm ... there will be high inflation after the stimulus package issue by trump govt... while high unemployment rate = stagflation.
@mimosa91882020! Here we go!
@runonempathyAyyyy who’s watching this during the economic crash 2020
@kawgrath1876lol when capitalism collapses
@WilliamCarterIIShould we expect the same scenarios with the US printing like frenzy at the moment?
@GeorgeNicolaOh wow the US is already there, what a surprise....
@traderknightzbitcoinuniver8168Anyone else here for a refresher?
@MichaelMillerGRWho's here cuz of the coronavirus?
@trustme2001Should have watched this a while ago
@mylesmills3614