Keynesian Economics
More free lessons at: http://www.khanacademy.org/video?v=hPkh8kOldU4 Contrasting Keynesian and Classical Thinking.
More free lessons at: http://www.khanacademy.org/video?v=hPkh8kOldU4 Contrasting Keynesian and Classical Thinking.
Thanks, this helped me to understand this subject better than the last hour
of studying I’ve done.
There is such an obvious yet easily missed fallacy in the example with
person A,B,C and D. Where does the money which person B gets come from in
the first place? It comes either from the printing press or from person F.
In both cases all you are doing is transferring purchasing power from one
group/person to another. There is no boost in the economy, on the contrary.
When the printing press is running the money is transferred from the
private sector to the public sector which is always less efficient in
producing wealth.
Keynesian economics doesn’t work. I mean flat out it does not work.
The Austrian school or the laissez faire approach does work. Maybe this
guy who did this video should go look up the Austrian school. He must not
know what he is talking about.
Hey call up Robert Murphy and let him debate you on this.
The inherent flaw in the circle figure you made is that the government had
to borrow from A, B, C and D in order to purchase that one item. If the
government had its own source of money, then this would work fantastically,
but that isn’t the case.
Why does everyone keep quoting the “In the long run we are all dead” when
talking about Keynes, it’s not that witty, and it isn’t a useful statement.
Is this honestly the best quote to come out of this man?
I love how this video purports to demonstrate that there are no absolutes,
but we should believe one side or the other once in a while…
This lecture is not what you would get in an econ class. I’m trying to
fight out if that’s good or bad….
And why even learn these ineffective theories after all? Why not learn what
the real circumstances for a good economy are, like institutions, trust,
adequate birthrate, low (mental) drug use, low rate of suicide, low crime
rate and a balanced trade account??? Those theories inspire the non proper
focus on quantity instead of quality and ultimately yield to mediocre
ratings in the measures given above. Then, the economy dives and boom…
all the nice-weather economists are again puzzled.
A cycle of pure idiocy and a perfect example how academia crowds out common
sense and creativity. It’s time to get rid of that.
I’m gonna go ahead and call that last bit of the video “Khan-sian”
economics.
worst video ever, your studder threw me very off track.
Can u add monetarist approaches Al’s?
When we figure out how to clone humans, can Salman Khan be the first one we
clone? he can then teach at every high school and community college in the
country, which would solve the problem of incapable teachers
Keynesian Economics = boosting economy in the short run by creating a ponzi
scheme / asset bubbles
Ponzies always feel good in the beginning, and now that the entire world is
on the USD Reserve Currency based fiat monetary ponzi of 0% rates + QE, the
entire ponzi is on the verge of imploding and the idiocy and pain of living
in a world based on a centrally planned / central bank directed money
printing rate manipulating ponzi are being felt.
Ponzies are illegal…unless they are government mandated.
This is a theory of trade based on the “Indians” outposts,
the mafia of Chicago already proved Keynes wrong, they will issue so much
fake debt around the World, that no amount of trade goods can bring
properity…
*Understanding Keynesian Economics*
At *Altus Economics,* our team of former I.R.S., Big4, and PhD economists
knows how provide its clients the highest level of support under intensive
#irs examinations. Understanding various economic theories, be they
#Keynesian , #Friedman , or even Marxist is essential in complex
#transferpricing situations.
#khanacademy is a great source of *short and sweet* transfer pricing and
economic theory videos. View their twelve minute video on *Keynesian
Economics* here:
http://youtu.be/hPkh8kOldU4
Khansian Economics!
why does it rhyme with Polynesian ;)
Please ignore previous comment.
do you have a video solely on the classical economists?
At 7:50 you make a huge assumption that 2 units circulating is the ideal
number. You need to revise this video to provide an example where 1 unit
is being circulated until the state controlled central bank monopoly
depresses interest rates below market and artificially stimulates projects
and debt fueled consumption until 2 units are circulating, then when people
wake up to the bubble (say in real estate/stock) and cut back to 1 unit,
the statists compound the error by attempting to keep 2 units circulating
at all cost. I didn’t read all the comments on the Austrian School, but
that is where reality lives. Keynesianism should only be taught to
illustrate how absurd ideas are adopted because they fit an ideology of
ever expanding central command and control government.
Keynesian “economics” is propaganda. To learn real economics, look into the
austrian school, Mises Media has a lot of informative and educational
videos.
No amount of government intervention (aka deficit spending) will fix a
broken economy.
Keynesian Economics
Contrasting Keynesian and Classical Thinking
http://www.khanacademy.org
Also, I think anyone who could provide electricity cheaper would make a
killing, but investing in that much realestate just isn’t worth it. It is
evedently not so abundant, since nobody is investing in it. And profit is
the whole point. If nobody can make money producing it, then why do so? Any
way it is produced, there is a negative cash flow, so everyone is poorer as
a result. That doesn’t make it cheap at all.
A moral hazard is created by rewarding bad behavior – such as bailing out
the banks. More inflation through QE creates a hazard by rewarding debtors
and hurting creditors. Whether or not you think its a good policy is
another debate – i’m telling y its ‘evil’-. its a tax on savings (and
income) because of price increases. Not everyone is protected from it. I
can’t waste any more time with you-cuz im busy getting paid to use math you
couldn’t comprehend. Have fun with ur mental masturbation tho.
Great video, clear and concise. thank you very much.