Tag: economics

The Money Multiplier

♪ [music] ♪ [Alex] Now that we know how money is defined, we’ll learn how banks can affect the supply of money through fractional reserve banking. Let’s imagine that you graduate from college and your grandma gives you $1,000 in cash — that she’s been saving under her mattress since the 1970s. And you deposit […]

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The Shocking Truth About Student Debt

STUDENT 1: I have approximately $60,000 in student debt. STUDENT 2: I’m feeling little bit of anxiety about it, little bit of—there is going to be a lot of work towards paying that down. STUDENT 3: It’s pretty overwhelming to have all this debt, trying to plan for the future in general. PROFESSOR LIN: College […]

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Basic Economics Lesson 5 – On Money

One of the first things most people think about when they hear the word “economics” is “money”. So, let’s take some time to talk about money. Here, I hope to answer three questions: first, how does money come into use? Second, what makes a good money? And third, what determines the value of money? So, […]

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Dead Dollar Walking: The Truth About Government Debt

Hi everybody, this is Stefan Molyneux from Freedomain Radio. Hope you’re doing well. As I’ve been saying for six or seven years, there will be no economic recovery. Please prepare yourselves accordingly with the latest data from 2014. This is… The Truth About Government Debt So at the start of the financial crisis, in 2007, […]

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Shlomo Benartzi: Saving for tomorrow, tomorrow

I’m going to talk today about saving more, but not today, tomorrow. I’m going to talk about Save More Tomorrow. It’s a program that Richard Thaler from the University of Chicago and I devised maybe 15 years ago. The program, in a sense, is an example of behavioral finance on steroids — how we could […]

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Debt, Deficits, and Austerity

Hey everyone, it’s Mexie, and welcome to the second promised video from the Twitter poll Debt, Deficits, & Austerity So, I’m going to start by throwing just a few completely oversimplified definitions at you So that we all *generally* understand what I mean by each of those terms In this discussion we’ll be talking a […]

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How Big Is the U.S. Debt?

How far in debt is the U.S. government? Let’s put the numbers in perspective. This is the economy of Germany. The entire economic output of this country is about $3 trillion a year. This is the amount of money that the government has borrowed from the Social Security and Medicare trust funds, about $4 trillion. […]

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