💵 Price Controls | The Effects of Price Controls
Вставка
- Опубліковано 28 чер 2024
- Price controls - what are the effects of price controls? What happens when government impose maximum price or minimum price?
Learn Austrian Economics in a fun way!
LINKS
BLOG: econclips.com/price-controls/
ANIMATIONS: toin.pl/en/
SUPPORT our project: bit.ly/2fgJR9e
Visit our website: econclips.com/
Like our Facebook page: bit.ly/1XoU4QV
Subscribe to our UA-cam channel: bit.ly/1PrEhxG
★★★★★★★★★★★★★★★★★★★★★★★★★★
Music on CC license:
Kevin MacLeod: Home Base Groove - na licencji Creative Commons Attribution (creativecommons.org/licenses/...)
Źródło: incompetech.com/music/royalty-...
Wykonawca: incompetech.com/
★★★★★★★★★★★★★★★★★★★★★★★★★★
#Economics #Capitalism #Finance
#EconClips
Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!
Relevant Tags:
price controls, minimum price economics, minimum price, minimum wage, maximum price economics, maximum price and minimum price, maximum price, equilibrium price supply and demand, equilibrium price and quantity, supply and demand, market price vs price controls, market price vs limit price, price mechanism, price mechanism economics, econ clips, econclips, austrian school of economics, austrian economics, capitalism, Free market, economics, economics explained, market inflation
Awesome as usual. Can‘t wait for the follow up. Please make sure to include the all time interventionist favourite of „positive externalities“, which has become somewhat of a mantra for those advocating in favour of more intervention.
Thank You So Much EconClips :)
My fellow Citizen of Milky Way. Please make videos regularly.
Yaaay he's back
@@brixtonaiden6997 stfu bots
Definitely one of my favourite explanations of the danger of price controls. What do you think Austrian economists would say about a government subsidizing essential goods rather than imposing a maximum price on them?
Subsidization tends to distort markets, and have their own set of unintended consequences.
Subsidies tend to increase the supply and demand of a good as well as decrease the price. So if you think that some goods are undersupplied, a subsidy can be the solution.
Very well done. I would like to see Walter Block quoted..
Can you comment on video about the venezuelans people going to cryptocurrency to flee from inflation? I would love to watch.
Its not that easy as described. In countries with huge ammount of monopolists there will be no other way then to buy for their preset prices or not to buy at all. If the question to buy a loaf of bread, a bucket of milk or not to buy, then there is no question, the answer is to buy, because you have to eat something and without preset minimum controlled prices or in other words a subsidized prices, there will be no option for poor people to have their meal. The only drawback is that other layers of society will pay for the controlled prices via taxes, but problem in such case is not a controlled prices, rather monopolists and oligopolists...
Sure it is, its just in this case the intervention is being implemented by the monopolies or oligopolies causing the issue in the first place.
Monopoly is caused by intervention, there is no monopoly in a free market.
@@AnimMouse you are so full of ideology. It’s insane.
This is why we need to get rid of the minimum wage
So we need price control measures when commodity prices rise??
No, we don't need them, except if there was a monopoly on it
The whole Problem with this theory is that the goods don’t go to the people who value it the most, but to the people that can afford it the most. That is okay when we are talking about luxury goods. But when it comes to essential goods, like oil, which is a problem we have right now, everyone values it equally, but not everyone has the means to pay. So price controlling plus rationing is imo the better option than leaving the market to itself because that would only, as always, favor the upper class.
The minimum price don’t harm producer if the buyer is the government...
It hurts the public because both the producer and the consumer (government) are unconstrained in a minimum price environment. Taxes have to rise to satisfy their profligate expenditure of public funds.
Minimum prices will cause companies to end producing these products. Who will force them to produce them below any cost?
The discussion of the minimum wages forgets something very important. He always mentions how minimum wages produce unemployment, totally forgetting that employment is worth shit if you can’t satisfy basic needs because your wage is so low. So minimum wages plus welfare for the unemployed seems to be the far better option for the worker.
Why does that guy have a gun😭