Hi, mister clifford. I was in one of your final classes that you taught before you decided that your website was big enough to become your full time venture. I don't know if you'll ever see this comment or remember me. But I want you to know you changed my life. You are my favorite teacher and became a role model in my life. I find myself coming back to the videos you make because they are just perfect. Thank you for being a teacher; just know it meant a lot to me.
Anyone else feel like this man speaks at 1.25 speed? Lol! The first time I don't have to speed up videos when trying to learn! (sometimes even have to slow him down).
Just done with my final economics exam.. Thanks a lot Mr. Clifford. I was stuck with oligopolies but the dark knight video really helped me. Stay awesome
I'm a Dutch student studying in Singapore now, and from all of my economics teachers worldwide, YOU are the best one! :) Thank you for putting in so many hours into explaining concepts and calculations as well as making it fun and interesting! I am now genuinely interested in economics, simply because I understand it. :)
@@JacobAClifford Hey Mr Clifford, if you're in Singapore we can hang out too. I have my university finals in a week, and I'm bingeing on your videos because I haven't been keeping up during the semester lol. Wish me luck!
+ACDCLeadership Where is the "Adam Smith vs. Karl Marx" video? It's in the video above and there's even a box over it but it's not clickable and I couldn't find it on your channel anywhere.
Throughout this video, like at 3:33 and 4:08 does anyone else think it sounds like his voice is edited EVER so slightly higher than normal, then lower than normal, then back to normal? Like he was trying to change the inflection of his voice to make the sentence flow smoother. And it's just barely noticeable enough to make me think I could be going crazy
Subscribed earlier this year while taking microeconomics. Bought the macroeconomics ultimate review pack yesterday after making a 77% on a weekly quiz. Your videos and practices are extremely helpful!
Hey Mr. Clifford! You made economics a lot easier for me, and I ended up getting a 5 just by watching your videos. The least I could do is buy your app. I still like/think about economics, even though I am no longer taking it, because your videos are awesome! Keep up the AMAZING work!!! :)
You have helped me pass my econ100 paper this year and I want to sincerely thank you. Lots of love from NewZealand and I hope one day I can give you a handshake. Keep up the good work :)
You are the ABSOLUTE BOMB!!!!!!! you have made my macro-journey so much more doable and enjoyable. Your kwerkyness, knowledge of the material and your simplification of the concepts have been an amazing help in understanding the core elements. Please keep it up. :)
+ACDCLeadership Kwerky (I may have misspelt it sorry) meaning silly/funny. Most professors are more concerned about being respected for their knowledge than they are making the material easy to understand. Granted I have a hunch your teaching style is your personality, but nonetheless its fun to watch.
You're a genius! Most well-made tutoring video I have ever seen! Huge shoutout for you for putting in so much effort. Wish there were more passionate teachers like you out there!
haha you're the best! I am trying to read my book and watch your videos to understand the concepts. so far I have done well! I just scored a 75% in a quiz that I was very nervous about. kindly stay passionate about your teachings! I must say You're definitely making a difference in my life!.
I love it that we have those smart people who are there to "fine tune" the business cycle. Greenspan and Bernanke both recognize that the Great Depression was caused by the Fed. Bernanke was also the last person to acknowledge the problem in 2009 and instead testified before congress saying everything was fine. Oh and these near 0 interest rates for several years under Greenspan. Didn't that fuel the bubble?
Thank you! Your video was so much easier to watch than the ones my professor posted. I actually found your while watching a very childish one he posted.
I don't understand in what way "Quantitative Easing" is a new concept (wiki etc say it was first tried with the Japanese 90s crisis and the 2008 crisis), although according to this video it is exactly what the Fed does since 1913- that is buying bonds to increase the money supply, lower interest rates and boost consumption and investment. Could someone please explain? -Great vid by the way!
I was listening to an interview on the radio with a NYU economist on inflation and the fed. She said that the fed tries to maintain a 2-3% inflation rate rather than ensuring a steady currency (ie a dollar buys the same amount of goods 10 years from now as it does today). She stated that it was better for the economy if the inflation rate remained positive and the only reason she said it should not be higher then 2-3% is because menus, pricing labels at stores and vending machines would need to be changed more often if it was. But she never stated why it was good for the economy. Can anyone explain why it is good to maintain a positive inflation rate?
If you work for a factory and are doing a good job, you will probably ask for a raise. The boss will give it to you (and all the other hard workers). That raise cuts into profits so the factory will have to raise the price on the goods they make. If you never got a raise, you would probably be pissed. This is more of why we have inflation (at least one reason). I think Saajid's comment is a good one as to why the Fed may want to maintain a 2-3% inflation rate. As for deflation, that is easier to logic out. Spending would slow/stop for many big ticket items if there were to be deflation. Let's say you want to buy a car that costs $20,000 but you notice that everything seems to be getting cheaper. You choose not to buy that car because you expect it to cost less in a few months. A few months later, if prices are still going down, you still won't want to buy it because you expect it to get even cheaper. Now the car company isn't selling as many cars and they have to close some factories and a bunch of people lose their jobs. Now think of this on a macro level.
Laura Lampron Good points, but just playing devils advocate, usually raises are given to those whom employers would like to keep around because of their experience and ability to produce more because of that experience. A new employee might paid at the same rate of the experienced one might not be able to produce the same amount of goods in a given period of time, and that would warrant the employer giving the experienced employee a raise. If we look at it as a ladder in an inflationless world, those with the upmost experience are usually retiring and getting off the ladder leaving lower rungs vacant giving other employees the ability to step up and receive that promotion or raise. The ladder never goes moves with this, but the employee's wages do. I agree with you on deflation. However, these points have not altered my belief that a 0% inflation rate would be preferred in an economy and would encourage more people to save rather than protest for higher wages to match the inflation rate.
Sure, increased individual productivity should/would warrant a wage hike but during periods when unemployment is really really low, sometime the boss has to give wage hikes to even average employees to keep them around simply because there isn't anybody to take their place.
the fucking fed teasing with raising the interest rate has been messing with my country's economy, and many others around the world. Ever since they announce in 2012 that they were gonna raise their interest rate, the exchange rate has risen from 2.7 to 3.5. Now is really expensive buy things form the US, investment shrank a lot, and also thanks to that announcement (and china's recession) mineral prices also decreased a lot, and they are the main export of my country, so before 2012 we were growing at rates of 7-8% annually, and now we are back again at 2-3%, and now with the US and my country's elections next year I can foresee a small recession in my economy.... I now is bad to say this, but i wished the crisis had lasted a little longer, thing were doing great here... Great video by the way, I really like your channel.
If bank gives a man or a firm a loan. Where does the amount of money come from to repay the interest rate (97% of money is created throught commercial banks)? Does this essentialy creates demand for new loans? Best regards
The government doesn't HAVE to step in, but your business cycle would just go really high and really deep if they don't which can have crazy consequences for people - think The Financial Crises-scale recessions and the kind of uprising there was before it. But without the government that's the kind of economic turbulance you would get, and it's not like it hasn't had any amjor political consequences....
Hi, mister clifford. I was in one of your final classes that you taught before you decided that your website was big enough to become your full time venture. I don't know if you'll ever see this comment or remember me. But I want you to know you changed my life. You are my favorite teacher and became a role model in my life. I find myself coming back to the videos you make because they are just perfect. Thank you for being a teacher; just know it meant a lot to me.
😶🌫️😶🌫️😶🌫️😶🌫️
Three Solutions to Problems of US Economy:
1) Monetary Policy
2) Fiscal Policy
3) Invade Canada
And invade Middle East
HAHAHA!!
I am a university student. I came across these videos today preparing for an exam.
I cannot believe how helpful they are. Thank you!
+Luke Gresser You are welcome Luke. Please subscribe.
Anyone else feel like this man speaks at 1.25 speed? Lol! The first time I don't have to speed up videos when trying to learn! (sometimes even have to slow him down).
Yeah that is correct and I have add so its hard to catch up lol
Yes! The info is good but he needs to slow down.
Just done with my final economics exam.. Thanks a lot Mr. Clifford. I was stuck with oligopolies but the dark knight video really helped me. Stay awesome
I'm a Dutch student studying in Singapore now, and from all of my economics teachers worldwide, YOU are the best one! :) Thank you for putting in so many hours into explaining concepts and calculations as well as making it fun and interesting! I am now genuinely interested in economics, simply because I understand it. :)
+Jamie Holton Thanks so much. Next time I'm in Singapore let's hang out.
@@JacobAClifford Hey Mr Clifford, if you're in Singapore we can hang out too. I have my university finals in a week, and I'm bingeing on your videos because I haven't been keeping up during the semester lol. Wish me luck!
You deserve more subs and more views. You've made this both entertaining and interesting.
+Ranc0r007 It all starts with you. Please subscribe and tell your friends :)
+ACDCLeadership Where is the "Adam Smith vs. Karl Marx" video? It's in the video above and there's even a box over it but it's not clickable and I couldn't find it on your channel anywhere.
I haven't made it yet. It is on my short list though:)
Did he just explain monetary policy with Despicable Me? That's why I call a genius.
This was very well done. Thank you, from another UA-camr who's also an econ student!
I start monetary policy tomorrow. Yay for flexible lesson plans! Going to start with this video.
I love watching these videos even when I fully understand the concept. Thanks for the help
Taking more notes from your videos than I do from my Professor lol. Once again, sir, you made macroeconomics a fun subject.
Throughout this video, like at 3:33 and 4:08 does anyone else think it sounds like his voice is edited EVER so slightly higher than normal, then lower than normal, then back to normal? Like he was trying to change the inflection of his voice to make the sentence flow smoother.
And it's just barely noticeable enough to make me think I could be going crazy
4:39 Invade Canada...
kek
+Mario Pasaribu Nice. I was waiting for someone to see that. Well done
+ACDCLeadership It is like for .5 secs, I even have to repeat that a few times just to be sure.
kekekekek
Subscribed earlier this year while taking microeconomics. Bought the macroeconomics ultimate review pack yesterday after making a 77% on a weekly quiz. Your videos and practices are extremely helpful!
Hey Mr. Clifford! You made economics a lot easier for me, and I ended up getting a 5 just by watching your videos. The least I could do is buy your app. I still like/think about economics, even though I am no longer taking it, because your videos are awesome! Keep up the AMAZING work!!! :)
I love economics because of you. The day this channel ends so will my interest in economics. Thank you so so much...
You have helped me pass my econ100 paper this year and I want to sincerely thank you. Lots of love from NewZealand and I hope one day I can give you a handshake. Keep up the good work :)
+QuixleyTv I'm glad I was able to help.
Dude your videos are AWESOME. Fast, short and to the point. I really dont think I would be passing my MBA economics class without them. THANK YOUU!!
never thought i would be learning about macroeconomics from despicable me but here we are
You just took 2 weeks of confusing, boring textbook reading and taught me in 5 minutes!! Wish you had an online college class
I rarely find videos study videos that actually make me laugh and learn at the same time. XD thanks man!
You are the ABSOLUTE BOMB!!!!!!! you have made my macro-journey so much more doable and enjoyable. Your kwerkyness, knowledge of the material and your simplification of the concepts have been an amazing help in understanding the core elements.
Please keep it up. :)
+Guerta Toussaint What do you mean kwerkyness? :) Thanks for watching Guerta
+ACDCLeadership Kwerky (I may have misspelt it sorry) meaning silly/funny. Most professors are more concerned about being respected for their knowledge than they are making the material easy to understand. Granted I have a hunch your teaching style is your personality, but nonetheless its fun to watch.
+Guerta Toussaint I was just joking with the question. I know that I am a little weird...and I am glad that you like it:)
these are AMAZZINGGG, please make more. I wish all my teachers would explain things like this. You're Kinda making me wanna change majors right now.
Directed to watch this by my college course. I got to say I enjoyed this more than the school lesson. I learned and was entertained. Great video.
Who saw the "invade Canada " sign at 4:41 😂😂😂😂
abdul rafay 😩😆🅱️👍👊😩😅😩😅💯☺️🤭👍😕😂👏🏻🤣👍🤷♂️🔫👊
My son actually enjoys watching your videos with me so I can do my homework and spend time with my little buddy ☺
Thank you and thank you for making monetary policy interesting to learn.
You're a genius! Most well-made tutoring video I have ever seen! Huge shoutout for you for putting in so much effort. Wish there were more passionate teachers like you out there!
+c_lin Thanks I appreciate it. Please subscribe and tell you friends:)
I did! Also, you are currently helping me study for my Economics final tomorrow. This is much more interesting than reading a book! Thank you so much!
You are welcome
haha you're the best! I am trying to read my book and watch your videos to understand the concepts. so far I have done well! I just scored a 75% in a quiz that I was very nervous about. kindly stay passionate about your teachings! I must say You're definitely making a difference in my life!.
+Sameer Hassan Great. I am glad that I have been able to help. Good luck on the next quiz. Hopefully it is about monetary policy in animated movies.
Mr. Clifford for President!
+ballackChelsea13 Yes! Let's make an Economics Party
I was so sick of studying then I watched this..oh man everything is so much better
this video was very helpful , I like how this guy makes things easy to understand
You have taught me more than my actual teacher. Thanks!
Earned another sub after watching this video. I am here from my ECO 202 class from SNHU.
Thank you, this was enjoyable and made it totally easy to understand why we have monetary policies at all.
This was so awesome!!!! Thank you for simplifying this topic!!
hats of for ur effort in making economics interesting for students by coinciding anime clips ............respect +10000
Amazing!! So informative, you make the most complicated concepts easy to understand!
This guy saves me before every exam . Thumbs up!
I love it that we have those smart people who are there to "fine tune" the business cycle. Greenspan and Bernanke both recognize that the Great Depression was caused by the Fed. Bernanke was also the last person to acknowledge the problem in 2009 and instead testified before congress saying everything was fine. Oh and these near 0 interest rates for several years under Greenspan. Didn't that fuel the bubble?
watching it for the first time and really loving it. your hard work is appreciated sir. well done!!!
Thank you! Your video was so much easier to watch than the ones my professor posted. I actually found your while watching a very childish one he posted.
In fractional reserve banking banks make money out nothing while only having 10% real money in the bank, while the rest of 90% is just created
Such an interesting and useful explanation!! Thank you for creating this video :)
thank u so much I now understand this topic so well
you make economics seem so easy and I thank you for that.
SNHU is still using your videos after 8 years of being posted. Thank you for the information. (hopefully these for profit schools are paying you >.> )
this was an awesome content, keep up the great work.
Very interesting and powerful 💥 thank you 💛
This is the most helpful video in youtube, so well explained, thank you!
SOO HAPPY THAT I FOUND THESE VIDEOS BEFORE A MONTH IN MY CIE EXAMS🤗
I love your movies and creativity
Oh sweet, he's pumping out the videos again!
Haven't gotten to monetary policy yet, but I know I'll need to come back to this video later lol
+TheArdentArtichoke Yeah. I've been busy writing and filming CrashCourse videos, but now I'm back:)
Mr Clifford were you a teacher at Lester b. Pearson high school in calgary, AB?
+Sameer Hassan No, sorry. That must have been some other highly attractive economics teacher.
This was AMAZING :D
+Spangie Pie Thank you. Do you have any suggestions for the next movie?
This was amazing
Mr. Clifford would you make a video of the problem when printing more money?
wooow!!!!! mr man i think you are a blessing
You are the best
grt concept to explain such difficult things in an easy way
its help a lot
thx :-) :-) :-)
I think you are phenomenal .....
I love this video
This is so cute and it explains monetary policy so well! Please do more EconMovies! ;)
+Honey & Roll I would, but no one really watched them. I get twice as many view from standard review videos. Go figure.
Excellent job!!!...it was real funny too
OMG! That's super great video!!!
That was awesome. Thanks!
This is awesome! Thanks a ton!
"invade canada" i caught that hahahha
I don't understand in what way "Quantitative Easing" is a new concept (wiki etc say it was first tried with the Japanese 90s crisis and the 2008 crisis), although according to this video it is exactly what the Fed does since 1913- that is buying bonds to increase the money supply, lower interest rates and boost consumption and investment. Could someone please explain? -Great vid by the way!
Hi Mr. B
seriously that was awesome :D :D I loved it.
how come you have so less of viewer.. you really deserve much more than this.
I was listening to an interview on the radio with a NYU economist on inflation and the fed. She said that the fed tries to maintain a 2-3% inflation rate rather than ensuring a steady currency (ie a dollar buys the same amount of goods 10 years from now as it does today). She stated that it was better for the economy if the inflation rate remained positive and the only reason she said it should not be higher then 2-3% is because menus, pricing labels at stores and vending machines would need to be changed more often if it was. But she never stated why it was good for the economy. Can anyone explain why it is good to maintain a positive inflation rate?
Knowing that your dollar will buy a little less in the future encourages you to spend now.
Saajid Hasan Kind of figured it was related to some type of keynesian economics like that.
If you work for a factory and are doing a good job, you will probably ask for a raise. The boss will give it to you (and all the other hard workers). That raise cuts into profits so the factory will have to raise the price on the goods they make. If you never got a raise, you would probably be pissed. This is more of why we have inflation (at least one reason). I think Saajid's comment is a good one as to why the Fed may want to maintain a 2-3% inflation rate. As for deflation, that is easier to logic out. Spending would slow/stop for many big ticket items if there were to be deflation. Let's say you want to buy a car that costs $20,000 but you notice that everything seems to be getting cheaper. You choose not to buy that car because you expect it to cost less in a few months. A few months later, if prices are still going down, you still won't want to buy it because you expect it to get even cheaper. Now the car company isn't selling as many cars and they have to close some factories and a bunch of people lose their jobs. Now think of this on a macro level.
Laura Lampron Good points, but just playing devils advocate, usually raises are given to those whom employers would like to keep around because of their experience and ability to produce more because of that experience. A new employee might paid at the same rate of the experienced one might not be able to produce the same amount of goods in a given period of time, and that would warrant the employer giving the experienced employee a raise. If we look at it as a ladder in an inflationless world, those with the upmost experience are usually retiring and getting off the ladder leaving lower rungs vacant giving other employees the ability to step up and receive that promotion or raise. The ladder never goes moves with this, but the employee's wages do.
I agree with you on deflation. However, these points have not altered my belief that a 0% inflation rate would be preferred in an economy and would encourage more people to save rather than protest for higher wages to match the inflation rate.
Sure, increased individual productivity should/would warrant a wage hike but during periods when unemployment is really really low, sometime the boss has to give wage hikes to even average employees to keep them around simply because there isn't anybody to take their place.
New era of econ lecturing..
this is so interesting.
2008 financial crisis explanation video please.
+Atharva kotwal Sure, I made this one with the Crash Course folks. Take a look. ua-cam.com/video/GPOv72Awo68/v-deo.html
Hello, have you or can you explain the economics behind the health care in the USA- relation between medical field and insurance- Corrupted????
thanks for being so awesome and helpful
You are amazing!!!
Thank you so much, this video is awesome!
+west7689 You are welcome
3:39 JUMBOTRON backwards on the light-up screen....
+andrea luce Nice. I didn't notice.
real hero
Make an update on the Monetary policy with the new Fed.
What’s Difference between expansionary fiscal policy and expansionary monetary policy
Im having trouble understanding how you can use movie clips and copyright, how do you get the rights to use movie clips?
movement and shift for a demand and supply curve
*invade canada ! at 4:38 thought we wouldn't notice... but we did🤣
Shout out to Mr.Nascimento assigning this to is
You're awesome
love these
great
the fucking fed teasing with raising the interest rate has been messing with my country's economy, and many others around the world. Ever since they announce in 2012 that they were gonna raise their interest rate, the exchange rate has risen from 2.7 to 3.5. Now is really expensive buy things form the US, investment shrank a lot, and also thanks to that announcement (and china's recession) mineral prices also decreased a lot, and they are the main export of my country, so before 2012 we were growing at rates of 7-8% annually, and now we are back again at 2-3%, and now with the US and my country's elections next year I can foresee a small recession in my economy.... I now is bad to say this, but i wished the crisis had lasted a little longer, thing were doing great here... Great video by the way, I really like your channel.
WIll you please try making econ movie episode for the movie Parasite?
If bank gives a man or a firm a loan. Where does the amount of money come from to repay the interest rate (97% of money is created throught commercial banks)? Does this essentialy creates demand for new loans?
Best regards
The government doesn't HAVE to step in, but your business cycle would just go really high and really deep if they don't which can have crazy consequences for people - think The Financial Crises-scale recessions and the kind of uprising there was before it. But without the government that's the kind of economic turbulance you would get, and it's not like it hasn't had any amjor political consequences....
this is awesome. haha
But isn't time preference another major factor in determining interest rates?
Can you do one on Captain America Civil War
i loveeee this movieee. ba na na
Why go to college when I can learn on UA-cam?