Fiscal Policy and Stimulus: Crash Course Economics #8
In which Jacob and Adriene teach you about the evils of fiscal policy and stimulus. Well, maybe the policies aren't evil, but there is an evil lair involved. In this ...
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Today, we peer into a world where shadowy government stuges manipulate the levers of fiscal policy from deep in their evil lairs. They pick economic winners, and losers. And control the business cycle, creating recessions and controling inflation to serve ... their nefarious purposes. Nah, Fiscal Policy is a completely legitimate tool used by non-shadowy government officials to correct fluctuations in the economy. [Theme Music] Okay, in previous videos we've discussed the business cycle and how the economy goes up and down and up and down and up and down overtime. This line represents the economy's potential GDP, the maximum sustainable amount that the economy will produce in the long run. But the business cycle shows that the economy isn't always at its potential. ...
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Today, we peer into a world where shadowy government stuges manipulate the levers of fiscal policy from deep in their evil lairs. They pick economic winners, and losers. And control the business cycle, creating recessions and controling inflation to serve ... their nefarious purposes. Nah, Fiscal Policy is a completely legitimate tool used by non-shadowy government officials to correct fluctuations in the economy. [Theme Music] Okay, in previous videos we've discussed the business cycle and how the economy goes up and down and up and down and up and down overtime. This line represents the economy's potential GDP, the maximum sustainable amount that the economy will produce in the long run. But the business cycle shows that the economy isn't always at its potential. ...
