Fiscal and Monetary Policy explained

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  • Опубліковано 1 вер 2011
  • Often conflated, often confused, fiscal and monetary policies take very different approaches to influence the economy. And use two very different departments: the government and the Fed. Paddy Hirsch explains. #MarketplaceAPM #EconomicExplainers
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КОМЕНТАРІ • 70

  • @samuelkmaina
    @samuelkmaina 4 роки тому +31

    You make my economics lecturer really boring.

  • @himanshushekhar3958
    @himanshushekhar3958 5 років тому +17

    If you were my teacher in my high school I would be financial advisor of my country by now

  • @GetMoneyCorporateA
    @GetMoneyCorporateA 8 років тому +12

    Brilliant explanation thanks.

  • @jonesr227
    @jonesr227 12 років тому +3

    Thanks for the easy to understand explanations. Much appreciated.

  • @TheDoubleBee
    @TheDoubleBee 12 років тому +1

    I'm glad to see you back at the whiteboard. Always enjoyable and informative videos. And of course the pen toss is epic.

  • @mrlevylev3102
    @mrlevylev3102 9 років тому

    Excellent, thank you for uploading :) I was your 400th like!

  • @WYKAHYPE
    @WYKAHYPE 11 років тому +1

    That was really gangsta at the end wit the pen throw lol thanks man!

  • @Just4AZ1
    @Just4AZ1 12 років тому

    Helpful stuff! Thanks!

  • @gdRuna
    @gdRuna 6 років тому +1

    pleas keep going i loved your teaching style

  • @ellierose3630
    @ellierose3630 6 років тому

    Great explanation! Helped with revision!

  • @adityakejriwal1376
    @adityakejriwal1376 3 роки тому

    thanks for such wonderful piece of information 💯

  • @02001orh
    @02001orh 12 років тому

    The visuals are a big help in remembering the monetary branch: Mr B balding and professorial, and the fiscal branch: Mr G frenetic wild spending.

  • @fostermatapira2941
    @fostermatapira2941 Рік тому

    Thanks for that great explanation Sir.

  • @Tweetogreggieb59
    @Tweetogreggieb59 2 роки тому +1

    2 thumbs up good and reliable content From this host consistently videos recommended.

  • @7beers
    @7beers 7 років тому

    Superb video.

  • @TheXtremE1094
    @TheXtremE1094 9 років тому +1

    Thanks for this video

  • @chandraprakash-ej2yj
    @chandraprakash-ej2yj Рік тому

    Crystal clear explanation 👌👌👌

  • @rafaelarusca610
    @rafaelarusca610 2 роки тому

    what a great video!

  • @h1rschp
    @h1rschp 12 років тому

    @scutter4christ Thanks for the kind words! A lot of people like both formats, so I think we may use both. Let me know what YOU want to know!

  • @user-jp2nj6uy7t
    @user-jp2nj6uy7t 4 місяці тому

    I love the way you explain everything make sense awesome job done explaining in details ignore the negative comments .

  • @familyguyfanboy2
    @familyguyfanboy2 12 років тому +7

    0:24 "just the facts maM"

  • @abdukadirabdirahman5988
    @abdukadirabdirahman5988 7 років тому

    I really appreciate

  • @divypragya
    @divypragya 11 років тому

    thank you

  • @LSB.B.T.D
    @LSB.B.T.D 12 років тому

    very clear

  • @yoyopotstick
    @yoyopotstick 4 роки тому +1

    So relevant to what's going on right now.

  • @sanskarmishra5309
    @sanskarmishra5309 Рік тому

    Thanks. Very based

  • @panashevangana1841
    @panashevangana1841 3 роки тому

    Really helped

  • @GoldSilverReview
    @GoldSilverReview 12 років тому

    Great explanation! Hope your investing in Gold and Silver!

  • @xtinct2
    @xtinct2 12 років тому +1

    u should put "whiteboard" as one of your tags (or in the title) so that your whiteboard videos are easier to find

  • @paulhofmann3798
    @paulhofmann3798 9 днів тому

    To be precise: open market operation increases the monetary base not the money supply.

  • @DeniseAshurstUK
    @DeniseAshurstUK 12 років тому

    So is this the official Whiteboard Channel then? Thanks for this Paddy. Now just need to translate that to here in the UK and Europe!!! Hey why not give China and Japan a bash too sometime?
    Good work!

  • @jhewitt2008
    @jhewitt2008 12 років тому

    Brilliant. Thank you.

  • @Tuxiii808
    @Tuxiii808 11 років тому

    What is the difference between Spending and Debt in 00:34?

  • @karfar8029
    @karfar8029 Рік тому +1

    Fiscal policy is the creation and destruction of dollars via taxation and spending.
    Monatery policy is the control of the cost to obtain credit, or put another way, the cost of banking.
    Banks, excluding cash, never lend any fraction of reserves to their members. They only lend monetized bank credit.
    Monatery policy changes the form of the government's liabilities, not the quantity. Moving a balance from a securities account to a reserve account does not change the quantity of government liabilities. Monatery policy is not in any way printing money.

  • @waqashamidi9733
    @waqashamidi9733 7 років тому

    Great explanation!

  • @ioannislazaridis6159
    @ioannislazaridis6159 7 років тому

    Some people say that is not printing money but swap of assets. We are in 2017 and this might be clearer. Maybe that´s why the inflation doesn´t grows as expected.

  • @skibumwilly1895
    @skibumwilly1895 11 років тому

    In “Occupying Chairlifts” a simple rule tweak on inheritance ends up changing the direction and purpose of modern human life! Here’s a fair way to transition forward to where we’re rewarded for cooperating and creating instead of competing and conquering.
    It's something specific we can demand. If this isnt the best answer, at least we’re thinking about what might be. Are we really just this close to having it work right?
    Oh yeah, it's a Ski movie! “Occupying Chairlifts” on UA-cam!

  • @KhatuShyamji1105
    @KhatuShyamji1105 7 років тому +1

    u hv md Economics very simple

  • @ratneshkumar6487
    @ratneshkumar6487 11 років тому

    Two are very different departments which is used by government for profitability.

  • @anjadekkers923
    @anjadekkers923 10 років тому

    :):) thanks!

  • @thebushcomedian
    @thebushcomedian 9 років тому +12

    Hello less scary of Liam Neeson ;)

    • @torlarsen2212
      @torlarsen2212 3 роки тому

      @Reggie Cyde Your comment deserves recognition! Hahaha

    • @servie2101
      @servie2101 3 роки тому

      oooh, I just realised they're identical lol

  • @sashkaasenova7403
    @sashkaasenova7403 Рік тому

    Can this be related to the other countries such as England???

  • @gberinstein
    @gberinstein 9 років тому

    What's with the hand held camera?

  • @mariafrances2564
    @mariafrances2564 9 років тому

    What's a Q.E again?

  • @anonp9277
    @anonp9277 10 років тому

    lookin for igcse economics revision materials and ended up here...

  • @0musing
    @0musing 12 років тому

    Just started the day, saw this video...Mr. G..Oh God No!! So I am starting the day now, badly needing a drink!!

  • @JeffreyJwnz
    @JeffreyJwnz 9 років тому +4

    why the shaking camera?

  • @AzNwacko
    @AzNwacko 10 років тому

    Easy money

  • @superman1251
    @superman1251 4 роки тому

    Hello from 2020

  • @TruthRadiator
    @TruthRadiator 12 років тому

    According to Aaron Russo, in his doc freedom to fascism, the income tax goes to the FED, isn't that right?

  • @The07931344240
    @The07931344240 9 років тому

    What's Q.E again ~?

  • @googooboyy
    @googooboyy 3 роки тому

    Where are u now, Paddi?

  • @rawandtawfeeq3761
    @rawandtawfeeq3761 4 роки тому

    Hello my old friend

  • @thumbliner
    @thumbliner 3 роки тому

    Uncle Bernanke confessed that he was a branch of the government.

  • @zfan2591
    @zfan2591 12 років тому

    Sounds like a Ron Paul campaign video. lol

  • @tellyontellyon
    @tellyontellyon 12 років тому

    We could drive down the living standards of ordinary working people to subsistence levels (or less!) and then get them to all blame each other for the problems. I.e. People on benefits,migrant workers, black people, public sector workers, pensioners etc. etc.
    That way the only people that REALLY matter can keep their vast wealth, and the system can keep on working... working for the super-rich.
    Sounds wonderful ...(yawn... wakes up...)
    Oh, hang on, I'm not a billionaire after all.
    Shit!

  • @frenchietowers7542
    @frenchietowers7542 10 років тому

    you can tell he wanted to draw an irish racehorse for an example

  • @thomasbrunskill
    @thomasbrunskill 11 років тому

    kindasamewhat

  • @sha370z
    @sha370z 12 років тому

    just bring on the CRASH because 99.9 % people don't no this

  • @dishesdealer417
    @dishesdealer417 12 років тому

    Monetary policy is a load of crap. How about if you have real money: gold/silver/copper then you can buy stuff. None of this fake moneythat is really debt or whatever bull.