Tag: economics

Econ Duel: Fiat Money vs. the Gold Standard

♪ [music] ♪ – [Scott] With the onset of the financial crisis and the Great Recession, a lot of people have been re-examining our monetary system. There was a lot of criticism of the Federal Reserve’s role in particular. A lot of people feel that the Federal Reserve printed too much fiat money and they […]

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What is U.S. Debt? – P1: Intro to Debt

Let’s talk about debt. Let’s say this pie graph represents all the money that you make in a year, your income. Now it gets divided up and spent on all your expenses. Things like rent, food, utilities and other stuff and hopefully some left over to save for a rainy day. But let’s say you […]

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10 Myths About Government Debt

ANTONY DAVIES: Myths about the government debt. Myth number one, the government owes 20 trillion dollars. How much is 20 trillion dollars? Suppose you go to Germany, and in Germany, you go to every town. In every town, you visit every store. In every store, you look at every shelf and grab everything that is […]

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Europe’s Debt: America’s Crisis? – Big Government

ultimately a vast majority of current elected officials are career politicians, and they want to keep their job. And if the public pressures them to act and holds them accountable for failing to act, then they will ultimately change… because many of their top priorities is to keep their job. There are a number of […]

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Europe’s Debt: America’s Crisis – Full Video

The world economy in crisis. Europe in shock. Riots, mass unemployment, extreme parties on the march. It was not supposed to be this way. After the war, the European Union was built to secure cooperation, prosperity, and peace in Europe. And later, a common currency was introduced, the Euro. It resulted in a long boom, […]

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Why Does Greece Have So Much Debt?

Greece is currently about 400 billion dollars in debt. That’s about 170% of their annual Gross Domestic Product. Over the next 50 years they are scheduled to repay that debt. But with the economy in shambles, many experts wonder if that goal is really attainable. But how did Greece end up with so much debt […]

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The Greek Debt Crisis Explained in Four Minutes

Good morning Hank, it’s Friday! Good morning Hank, it’s Friday you know in my hug bucket? Greece. every time I see Greece just wanna give it a big ol’ hug. I don’t, however wanna give them a 150 billion euro and therein lies a problem. Okay, so I wanna to talk about sovereign debt today, […]

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