Deficits & Debts: Crash Course Economics #9



What is debt? What is a deficit? And do these things have different outcomes for individuals and nations? Adriene and Jacob answer all these questions and more on this week’s Crash Course Econ. Deficit and debt are easy to misunderstand, but luckily, they’re also pretty easy to understand. This week we’ll explain what deficit and debt are, and talk about what the sources of deficit and debt are for the US Government. Also, we’ll take a very special trip to Cliffordonia to try and understand these concepts and get a look at what a colonial-era space program might have looked like.

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38 thoughts on “Deficits & Debts: Crash Course Economics #9”

  3. Why does it not mention that governments could create debt free money ? The video claims that there is only a finite amount of money that can be lent while QE can just keep racking up trillions of debt…

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  5. when she said pandemic, I double-checked the date this video was uploaded (2015), and then I almost pooped my pants.

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  6. But during the pandemic, government spend bilions for economic stimulus package to help businesses stay afloat. And in some countries, the economic injection drain country’s revenue and causing fiscal deficit.

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  10. Then covid hit. Though its not a super deadly disease that's being treated as one. US caused their own recession.

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  17. Adrienne Hill in 2015: "If a pandemic kills off half the world"

    Me: "Life is good…."
    Grandpa dies
    Me: "His life WAS good"

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  21. Wait… is the cost of the elderly and folks not wanting to increase the age of retirement part of why the US is so reluctant to forgive student debt? Like I always thought it was the straightforward cost of getting that money back, which is silly because it would increase spending and stabilize our GDP if that generation was able to spend. But there's a second effect if you can ensure that those people can not afford to retire at a normal retirement age… I'm planning to work until I die, idk about y'all. It's really my only option even with loan forgiveness after 20 years.

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  24. That was four years ago , can you believe it now is over 23 trillions. I can't believe it so much money ,it has been significant increase.

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  27. I have a question here. Why do countries need to go ask investors and other countries for money when deficit happens? Don't they have safes? Emergency funds?

    Are they really dependent on whatever tax revenue they receive a specific year?

    Reply

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