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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6:40 laughs in 2020
Now some people will say these people orchestrated Covid-19 😑
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…
This series predicted 2020!!
when she said pandemic, I double-checked the date this video was uploaded (2015), and then I almost pooped my pants.
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.
6:40 …… heh….. heh….heh.
6:39 Predicting COVID-19?
she just predicted the COVID 19 pandemic
Then covid hit. Though its not a super deadly disease that's being treated as one. US caused their own recession.
Doesnt look good for the us nowadays
6:42 did they show a coronavirus cell? Wtf
Corona
6:37 – scarily relevant right now
wait wtf I saw the corona virus in this vidd ???!!!!
6:41 she full on jinxed it. that's a picture of a coronavirus aswell
Adrienne Hill in 2015: "If a pandemic kills off half the world"
Me: "Life is good…."
Grandpa dies
Me: "His life WAS good"
You should get some people with english accents to present this so we can take them seriously
so… zombie apocalypse next?
Host: What if a global pandemic…
Me: pauses the video and jumps to comment section
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.
6:42 oopsie
That pandemic joke hits different now
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.
PANDEMIC
Me looking at her while she says what if!
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?
Watching this during an actual pandemic got real…
6:40…… YOOOOO thats nuts
Lots of people stuck in quarantine suddenly interested in economics I see
Love the way you present things, more powers to you !!!
Someone watched the pandemic part and thought "here's the big idea I was lookin' for"
"what's wrong with you?"
"today we're talking about deficits and debt"
[cheerful music]
This has aged well
OK BOOMER
6:41
hey there covid-19 pandemic !!!!!!
2020
Watching this to study for an econ test during the COVID-19 pandemic is… interesting
The epidemic thing. Its realll women