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There is a misunderstanding if you believe logical dedication is the same as Science; to quote Google Science is “the systematic study of the structure and behavior of the physical and natural world through observation, experimentation, and the testing of theories against the evidence obtained.” The issue with calling AUSTRIAN ECONOMICS scientific is that their methodology, even as you describe it in this very video, doesn’t actually consider real world observation and experiment; again, we can understand how one might logically conclude an increase in minimum wage would increase unemployment, for example- the issue is we’ve actually observed the opposite in the real world, you even point it out and basically state “despite the evidence you an see how Austrian’s MUST be right” That is literally, by definition, not Science.

4:22

Thank you for this ❤

We only need 21 million units of the he currency to run the economy 😊

The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips

Money temporary, barter eternal🗿🗿🗿

fiat money is not same as debt, the bonds and loans are debt.

The artickle named trickle down climate risk regulation is difficult to understand clearly , so i search sth about this method but i cant find explanation to this artickle still

Here is a video of Universal Basic Income discussed by a Tesla robotics follower. A different perspective. czcams.com/video/YWhV5RmNksU/video.htmlsi=qz4Ec7ad5ftjPIk9

Nice content!

THERE"S A FLAW TO MILTON"S PUNNET SQUARE! UNLESS YOU LOVE YOUR NEIGHBOR AS YOURSELF

Why dont these owner just shut these companies down? Do they care more about enriching themselves instead of wanting to compete in a fair playing field?

One of my teachers ages ago called this The Garden Of Eden fallacy.

Great video!

What about health regulations? Take the example of wheat. Say there is an innovation ie a chemical which kills parasites and bugs thus increases production but also, over a very long term, it causes severe cancer and is harmful to humans. As it's so long term, the effects on demand will not be immediately felt. The government tries to educate people through propaganda and awareness but it's not enough, people still buy the grain. Surely the government should regulate? The issue is that pure free market assumes consumers act not out of selfless but out of self interest. But even the fact that consumers act out of self interest is not certain.

thank for video..

Good

Great job ! I was looking for answers to rather or not trading commodities was beneficial to the economy,

Very well the explanation the video, thank you very much.

W

5:50 ^ This is the ultimate goal

thanks, that was helpful!

Ok that is nice story. How are they actually created? Capitalist gets a hold of a specific asset that has properties that make it easy to become a monopoly, either because its a unequally distributed natural resource, rare asset such as specific geographic location itself. This is just an example. Then suggesting that all monopolies are create by government regulation. When its the government that makes capitalism even possible, not to mention that you are slightly suggesting that license for health protection are all fake and poisons don't exists.

This just seems like common sense to implement only the necessary amount of labor/processes/inventory to keep costs down while maintaining good profits.

Its coming again prepare n learn

Off on a bit of tangent, but this is exactly how we should view body image and beauty in people's bodies. No, fat people aren't beautiful. No, people can't be perfectly beautiful. Doesn't mean we should do away with the ideal, just because we know we can never reach it!

None of these examples pay tax. For example Freelance guys 3k is subject to tax, firework guy didnt pay tax on the profit but would have on a savings deposit.

Great explanation of the bank run itself, but what causes people to want to withdraw their funds en masse? Why all of the sudden lose confidence in the bank?

Lol. The calculations at [7.49] are ridiculous. As if economists had ever predicted anything correctly to that precision. 2.5C will cost humanity EVERYTHING not 2.9% of GDP.

Cheer~~~exchange (goods or services) for other goods or services without using money.

What I find in myself as someone who is self deciplined in personal finance is that Austrian economics came naturrally. I can debate anyone on monetary and fiscal policy without looking at data or quoting a bunch of high priests in academic institutions. Economics is not math or science. It is common sense. The world makes sense when you make the intimate connection with how money works in ones own life. Exercising prudence with one's own money, tells you everything you need to know. The masses do not want to be responsible. A nation with 35T debt is a nation of individual debtors. A broke mindset is the prevailing voice in America.

Please more videos!!! I use this in the education of my children!!!

Love the vidoes

They are doing all of this now

This video is full of lies or author of it has no knowledge on the topic. You defined capitalism and socialism wrong. Capitalism is defined only by private ownership of the means of production not, every form of property, socialism makes a distinction between private property (another word for means of production) and personal property which is allowed in socialism. Socialism isnt dinified by planed economy becouse markets can still exist under it (market socialism). 2:42 Ever wonder why SUV is so popular in cities dissipate there impracticality? Because producers manipulated consumers throughout clever marketing. You act here as if consumers choices can't be influenced by producers

I’ll never look at a pencil the same way again. Great read; makes you think.

Full reserve banking & why it's good: If all deposits are 100% backed in hard currency by the time it's accessible to depositors & remain so as long as they're accessible, *on-net consumption* - equal to the amount deposited - *is deferred* over the course of the deposit's maturity (whether by the depositor themselves, _the bank, or other investment/lending entities_ [granted the bank lends for a longer term than the deposit/s maturity]). Given that one simple rule, lending intermediaries are free to lend as they wish. Society's not misled into believing they have access to money that's not there in full. There's no risk of bank runs, & thereby no need for a ‘lender of last resort’. There's no inflationary double-spending - thereby cantillon effects, distortions along the capital structure, & heightened societal time preferences. The only risk in banking is whether they lend to sound ventures or not. The only risk to depositors is to those who explicitly lend their money to the bank (time deposits). Deposits immediately accessible would be risk-free (on-demand deposits).

What’s up with the ksp music in the background?

Why does this shoe company sound exactly like OpenAI?

Speculators hurt millions of Americans financially.

The poor you will always have with you. If for no other reason that they don’t want to be anything but poor. It’s not a concern that they have.

There's more business knowledge in these 7 mins than my entire 3 yrs of univ education.

The working poor needs UBI & get the extra money from the crooked energy companies that are GOUGING US. The way crooked energy companies sell us power should be criminal

The first hoe. 😂

How need to be look like process of sending request for UBI for not have any burocracy. How it need to be renovate each year with inflation. And how need to run from government ideas to limit who can recieve UBI if goes conflict or corruption in internet incrase and become usual cultural way

Hong Kong is not a country !

dior in the club take it of in the club🎵

I love this!!!

The idea of investing a significant sum of money may be both thrilling and intimidating. There seems to be potential for considerable wealth increase with the correct strategy. How can one take advantage of the present market to grow one's retirement savings over time?

Can you help me with the title or link of the next video he mentioned at the end? I cannot find it.