Recession, Hyperinflation, and Stagflation: Crash Course Econ #13
Economy | Information | History | Online | Facts | World | Global | Money
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. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Comments
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Does anyone know what the meaning of output is (3:22)? Can you explain to me please? Thanks in advance.
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I love when they go to the Thought Bubble
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I have a question and anyone if interested please answer! I was learning about money and i came across bitcoins. Feature of this cryptocurrency is it removed intermediaries, like bank and government. But if government doesn't control moneysupply then how will it implement monetary policy when economy is bad. Certainly this course teaches us that economy should not be left on it's own to recover . Another question is if bank will not be there then how will the businesses will receive investments, how will people receive loan??
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100 trillion Zimbabwe $ was the denomination with most zeros on a banknote ever, but the largest denomination ever issued was the 100 million B.-Pengö (100 000 000 000 000 000 000) note in Hungary 1946.
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this is why we need time machines.
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How does replacing the currency fix inflation? Doesn't it represent the same thing, and or also Is it not just paper with ink on it?
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Do you know what's happening in Zimbabwe now... I would love to know what the outcome will be. Zimbabwe is a mass importer so everyone sends money out to import goods and has now no cash left, so government has started printing notes, claiming 1:1 value, but it is actually less valuable.
Is there another example of this in other countries? -
thank you for this series
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au fond, Keynesianism breviloquent.
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hello, I want to ask a question. Japan has been in deflation for a long time , if I have not mistaken it. is Japanese yet being constantly destroyed when recycled back into the banking system?
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Thanks, a difficult subject well explained. :)
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cool dude
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how do you completely give up on a certain currency and make up a new one when you are in a state of hyperinflation ? like how do you define the value of your new currency ? what is your "landmark" ? I suppose in such state there is no gold nor foreign currency to back up your money? and even if you had , how do you still define the value ?
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3:15mn
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not 1 mention of gold or silver.
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adriana hill is too cute
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jacob's belt 😂😂
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6:46 look at the pop up bubble. When she says "bind", the bubble shows the pokemon animation for the move named "bind".
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0:58 note that a trillion in the us number system is "eine billion" in the german system, like in the most european naming systems for numbers :P
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Or ya know what Donald Trump's plan is to fix North America's economy. That dumbass needs to watch some crash course. Keep up the good work, it's my third time thru but I'm trying to fully understand our systems. WHY IS THIS HARDER THAN ANATOMY AND BIOLOGY lol
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