Please consider making videos on the current US inflation fears and the stimulus packages that were passed…might be a good niche to delve into…you’re an awesome teacher!!🙌
Yes! I just learned that contractionary policy is used during periods of inflation, so why are we about to spend more money with this new bill? I do support the ideals but I'm trying to understand how this is the right fiscal policy for our current situation.
@@kcg5336 The bills were passed for political gain. Their deficit spending is going to be funded through either higher taxes which would stifle growth or printing more money which would cause more inflation. So imo its just for politicians to look good and stay in power.
Once rich and then becoming poor is the worst scenario a country would like to face. For me Venezuela has the worst economic system to date. Liked your video keep them coming :)
Have to agree specially when it happens in a fast pace like it did in Venezuela, so all the money they were saving suddenly turned worthless and with how much inflation they have they can't even trust using that money anymore so they basically have no viable way of trading goods and services. At least north korea is imposing military dictatorship power to keep their economy somewhat stable poor but still stable at least
He's looking more and more like an 19th century Victorian gentleman with that mustache and beard combo (see Napoleon III for reference)! You also hurt the Supreme Leader's feelings by suggesting his economy as the worst
Very interesting video! Id love to see your take on the US inflation fears, El Salvadors monetary switch to bitcoin, and what effects the current US/China decoupling policy might cause on the world.
We would watch Mr. Cliffords videos back in my Econ class junior year of high school. His videos definitely helped me get a good grade in that class! Miss those high school days and seeing that he’s still making these videos takes me back. Good to see you’re doing well Mr. Clifford!
We dearly appreciate all your works Mr. Clifford...!!! A few days ago, I watched a video on Stanford University UA-cam channel about why some countries are rich and some poor. They said it's not about resources, talent, skills or locations. It's about MINDSET...!!! It's sad to see many people suffer because of knowingly or unknowingly don't want to change their mindset...!!!
i know you from crash course and i was really sad when u got out..little did i know you have a youtube channel. i found you when i was digging for your gudance but today finding you really made my day. You are the best teacher ive ever known and really thank you for being here for us.
Venezuela, has worst economy, because it is failing to allocate its scarce resources efficiently, North Korea, too suffers from bad allocation but they've embraced it since long time and didn't see any collapse in economy like Venezuela has seen. I hope things get better for all these inefficient economies. Thanks for such informative content, kudos!
Some brilliant ones could be Iran and Zimbabwe- previously prosperous but due to political extremism became isolated, investment fled and living standards slumped. There is little chance of improvement for both nations due to the state’s unwillingness to relinquish economic power.
I'm active duty U.S. Air Force. I was stationed in South Korea for two years. It's an amazing place. Tons of great food, lots of cool places see, lots of activities to do, and lots of amazingly kind people. It was a blast, and probably two of the best years of my adult life so far. I was also able to step foot inside North Korea (each side lets military members over the border to promote peace). I didn't see North Korea's economy first hand, but seeing all that control on the border and the separation between greatness, and devastation is heart breaking. Korea is truly is the worlds greatest economic experiment. Free markets will always prosper over non free markets.
I was born and raised for most of my life in Venezuela but my parents are from Syria. I lived in both Syria and Venezuela and I couldn't further relate to what this guy said.
I am trying to figure it out🤔. Maybe it is the crazy dictators and sanctions🤥. Oh wait Taiwan has massive sanctions from China still doing amazing. Dictators? Nah many countries have dictators and are not starving😬. Oh wait I got it.... Maybe the reason is because they follow a system which takes people's property and businesses and has them run by incompetent lazy politicians😂
Great video, I have a request, can you please please make a detailed video on ECONOMY OF INDIA (after and before of 2013) . Please, it's a huge request. Thankyou
Great video Jacob. Definitely Venezuela is the worst economy and will continue being so until their socialist communist is out. In Latin America the US is always the boogeyman and this is why things like this happen. Colombia has practiced open market and embraced globalization and although in the 90s it affected the country badly, in the long run it has worked.
I think North Korea is the worst . As Venezuela may recover or at least know how to recover but for North korean it is worst they don't even have rights that we enjoy in general.
For me, worst economy is DR Congo, it is more like federation of tribes than a country. Combine that with 20+ years of war and corruption in Government since independence and a 20 year kleptocratic rule of Mobutu Sese Seko. Zairean Zaire, and now Congolese Franc have been experiencing hyperinflation since 1989. Maybe You disagree, but for me, this is worst economy in world.
I was really curious if you were going to mention Poland, a country with (I think) good resources, good location, good climate, all that should help economics, yet, because of greedy, selfish, short-sighted, self-centered, stupid people & government, it is in total and utter... ehh, how to put it gently... ass? Yea, sounds about right...
Can't we do anything to help them do a job and earn food and we'll being in 2021 If not, earth is not having a great economic structure. It lacks a resource it should have, humanity.
I can't think of many ways North Korea and South Korea are exactly the same. North Korea is more mountainous, has a smaller population, and the economy was almost completely destroyed during the Korean War. Meanwhile South Korea has had massive loans and grants from USA to improve the economy. North Korea is the most sanctioned country in the world. North Korean exports are heavily restricted, and many countries ban all trade with North Korea. South Korea has been able to trade freely with the largest economy of the world the United States. To say North Korea and South Korea are two identical countries and the only separation between them is economy policy is downright disingenuous and intentionally misleading.
Actually Iraq is still in BAD SHAPE because of terrorism and foreign-involvement of war. So another economic miracle shouldn't have been Iraq,it should've been South Korea because after the Korean war ended in 1953,South Korea was one of the world's POOREST COUNTRIES but now 70 years later in 2024,South Korea's economy is top 10 in the world.
Should do a video on why Chile did so well -- the Miracle of Chile. Anyway, I think North Korea, Venezuela, and Cuba are the three worst in the world according to the index of economic freedom.
I love your video at large but i will advice everybody who is into cryptos to stick with eth and btc as much as you can guys. if everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
IMAGINE BEING RICH, BEING TOO LAZY AND IGNORANT TO COME TO EVEN THE SLIGHTEST AGREEMENT. LET'S PETITION TO FIRE THE GOVERNMENT OR TAKE FROM THEIR POCKET MONEY IS GOOD FOR ONLY THREE THINGS : FUN, INVESTING, AND GIVING.
I once invested my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
@@robhochstein4672 you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
My advice to everyone is to invest in Bitcoin now it cool opportunity for everyone to buy and hold .It is a life changing investment with a rapid growth
Lets all go to disneyland Kabul
You can check in anytime you like, but you can never leave.
Congrats on getting pinned
@@itoldyounottotouchit3336 arigato ko zai mas
Please make more of this type of videos!!! The world needs someone who can explain basic economic concepts to the general public!
Please consider making videos on the current US inflation fears and the stimulus packages that were passed…might be a good niche to delve into…you’re an awesome teacher!!🙌
I agree
Peter schiff is who you would want to listen to then.
Yes! I just learned that contractionary policy is used during periods of inflation, so why are we about to spend more money with this new bill? I do support the ideals but I'm trying to understand how this is the right fiscal policy for our current situation.
@@kcg5336 The bills were passed for political gain. Their deficit spending is going to be funded through either higher taxes which would stifle growth or printing more money which would cause more inflation. So imo its just for politicians to look good and stay in power.
Once rich and then becoming poor is the worst scenario a country would like to face. For me Venezuela has the worst economic system to date. Liked your video keep them coming :)
Have to agree specially when it happens in a fast pace like it did in Venezuela, so all the money they were saving suddenly turned worthless and with how much inflation they have they can't even trust using that money anymore so they basically have no viable way of trading goods and services.
At least north korea is imposing military dictatorship power to keep their economy somewhat stable poor but still stable at least
@Jacob Clifford••▫️▫️ why?
Relative poverty is a more relevant measure of poverty
Mr Clifford you are my favorite and the best teacher of economics I’ve ever had, once I get my degree, I’ll let you know. Thank you!!
Caught me off guard with the beard teach😂
Fr
@Jacob Clifford••▫️▫️ lmao
beard and mustache makes you more of an economist
really? I think he looks more of an economist without beard lol
He's looking more and more like an 19th century Victorian gentleman with that mustache and beard combo (see Napoleon III for reference)!
You also hurt the Supreme Leader's feelings by suggesting his economy as the worst
Very interesting video! Id love to see your take on the US inflation fears, El Salvadors monetary switch to bitcoin, and what effects the current US/China decoupling policy might cause on the world.
your vids carried me for my AP tests in may 2021. I wish you all the best with UA-cam and life. You're the best.
We would watch Mr. Cliffords videos back in my Econ class junior year of high school. His videos definitely helped me get a good grade in that class! Miss those high school days and seeing that he’s still making these videos takes me back. Good to see you’re doing well Mr. Clifford!
Great video as usual! Always looking forward to your content
We dearly appreciate all your works Mr. Clifford...!!!
A few days ago, I watched a video on Stanford University UA-cam channel about why some countries are rich and some poor. They said it's not about resources, talent, skills or locations. It's about MINDSET...!!!
It's sad to see many people suffer because of knowingly or unknowingly don't want to change their mindset...!!!
i know you from crash course and i was really sad when u got out..little did i know you have a youtube channel. i found you when i was digging for your gudance but today finding you really made my day. You are the best teacher ive ever known and really thank you for being here for us.
Venezuela, has worst economy, because it is failing to allocate its scarce resources efficiently, North Korea, too suffers from bad allocation but they've embraced it since long time and didn't see any collapse in economy like Venezuela has seen.
I hope things get better for all these inefficient economies.
Thanks for such informative content, kudos!
This was honestly such a great video!
Venezuela, definitely. We have a curse in Croatian, it's very hard to translate but it sounds like this story about Venezuela.
What happened to AC/DC econ?
Videos on the stock market/news relating to it would be awesome.
Amazing content! Thanks for mentioning North Korea! It definitely needs talked about!
@Jacob Clifford••▫️▫️ you got hacked, on a video that mentions North Korea. 🧐🤣
Honestly, to be rich and lose it all is way worst imo
Thoughts on Lebanon? Worst economic crisis in 170 years
U helped me get 5 in both ap macro and microeconomics, thank you so much.
Your video looks so smooth on my screen, like actual 60 fps should
Some brilliant ones could be Iran and Zimbabwe- previously prosperous but due to political extremism became isolated, investment fled and living standards slumped. There is little chance of improvement for both nations due to the state’s unwillingness to relinquish economic power.
I'm active duty U.S. Air Force. I was stationed in South Korea for two years. It's an amazing place. Tons of great food, lots of cool places see, lots of activities to do, and lots of amazingly kind people. It was a blast, and probably two of the best years of my adult life so far.
I was also able to step foot inside North Korea (each side lets military members over the border to promote peace). I didn't see North Korea's economy first hand, but seeing all that control on the border and the separation between greatness, and devastation is heart breaking. Korea is truly is the worlds greatest economic experiment. Free markets will always prosper over non free markets.
I was born and raised for most of my life in Venezuela but my parents are from Syria. I lived in both Syria and Venezuela and I couldn't further relate to what this guy said.
Thank you Professor Clifford!
Interesting video. How much do foreign sanctions effect gdp?
North korea and Venezuela
what's common between them 🤔🙃
you guessed it right
I am trying to figure it out🤔.
Maybe it is the crazy dictators and sanctions🤥.
Oh wait Taiwan has massive sanctions from China still doing amazing.
Dictators? Nah many countries have dictators and are not starving😬.
Oh wait I got it....
Maybe the reason is because they follow a system which takes people's property and businesses and has them run by incompetent lazy politicians😂
Both of them equally. Venezuela unable to manage its richness, NK unable to manage it's poverty. Two sides of the same coin
I'm not even in a class about the economy and I enjoy this lol
Wishing all the best to innocent and poor Afghans.
Great video but why was Japan’s flag in the thumbnail? Was that supposed to be North Korea’s flag??
Your videos help a lot.
thank you for making these videos
Thank you sir. Your videos are very helpful.
Oh you will really enjoy looking at Lebanon.
Great video!! The fire 🔥 or the 🍳 frying pan… 🤔….
Does anyone have any insight as to how the USA has impacted Venezuela's economic situation?
Great video,
I have a request, can you please please make a detailed video on ECONOMY OF INDIA (after and before of 2013) .
Please, it's a huge request.
Thankyou
I think you forgot about SriLankan economy. It an upcoming topic nowadays.
@Jacob Clifford••▫️▫️ why I have to make contact with a fake account in the name and profile of Original one.😈😈
Great work!
Interesting and well explained 👍
I guessed venezuela before i clicked this
lebanon has worse economy according to bloomberg
You should read - Confessions of an economic hit man. Maybe ‘why’ is more important.
Great video!
Surprised Lebanon didn't make it on this list.
awesome teacher ！thank you so much
That means no economy is perfect at all...
What do you think about sri lanka
I thought it will be my home country Syria, the whole country is destroyed more than 80% of it
Let's not forget USA sanctions against all the above mentioned countries.
Dude mr.Clifford I want you to mass produce these videos like those children’s Halloween costumes please.
As venezuelan I would say Venezuela.
@3:08 I thought he was talking about Argentina
Excuse me sir, I came for economics, but now that you're here I'm looking to buy some antivirus software.
Deffo not the real Jacob 😂
How about you donate the proceeds from this video to some random Venezuelan citizen.
Great video
Great video Jacob. Definitely Venezuela is the worst economy and will continue being so until their socialist communist is out. In Latin America the US is always the boogeyman and this is why things like this happen. Colombia has practiced open market and embraced globalization and although in the 90s it affected the country badly, in the long run it has worked.
Very interesting!
I pick Venezuela. It's worse to have been rich and then lose everything.
I think North Korea is the worst . As Venezuela may recover or at least know how to recover but for North korean it is worst they don't even have rights that we enjoy in general.
Somalia 🇸🇴 needs some talking Sir!🤝
For me, it's Venezuela
According to the perspective of economics, N Korea
Bro lebanon has the worst economy
Japan flag is a little bit tricky at first!😂😉
You are the best Professor
Turkey is coming for number . We are going down each day 🌼
Venezuela is worse. Because on top of economic collapse you have the anger, frustration, and memories.
Guys, why trade if you can invest in Flirt Invest or stake your own coins?
How to make a just economy system
For me, worst economy is DR Congo, it is more like federation of tribes than a country. Combine that with 20+ years of war and corruption in Government since independence and a 20 year kleptocratic rule of Mobutu Sese Seko. Zairean Zaire, and now Congolese Franc have been experiencing hyperinflation since 1989. Maybe You disagree, but for me, this is worst economy in world.
We should look at GNP idk why people are stupid to think their country is doing well if GDP is good
I was really curious if you were going to mention Poland, a country with (I think) good resources, good location, good climate, all that should help economics, yet, because of greedy, selfish, short-sighted, self-centered, stupid people & government, it is in total and utter... ehh, how to put it gently... ass? Yea, sounds about right...
Can't we do anything to help them do a job and earn food and we'll being in 2021
If not, earth is not having a great economic structure.
It lacks a resource it should have, humanity.
Spoiler: in some years it's gonna be us, argentina!
Stfu Argentina ain't that bad.
Nice Stache
North Korea
You shoukd mention Cuba in a next video. Cuban economy is a whole mess
I wouldn’t choose both haha😂
I can't think of many ways North Korea and South Korea are exactly the same. North Korea is more mountainous, has a smaller population, and the economy was almost completely destroyed during the Korean War. Meanwhile South Korea has had massive loans and grants from USA to improve the economy.
North Korea is the most sanctioned country in the world. North Korean exports are heavily restricted, and many countries ban all trade with North Korea. South Korea has been able to trade freely with the largest economy of the world the United States.
To say North Korea and South Korea are two identical countries and the only separation between them is economy policy is downright disingenuous and intentionally misleading.
They are equally the worst. Tied for last place
Guys, just drop your bitcoins into the flirt invest platform and don't worry
Venezuelan here
New look sir..😊😊🙏🙏from india
Actually Iraq is still in BAD SHAPE because of terrorism and foreign-involvement of war.
So another economic miracle shouldn't have been Iraq,it should've been South Korea because after the Korean war ended in 1953,South Korea was one of the world's POOREST COUNTRIES but now 70 years later in 2024,South Korea's economy is top 10 in the world.
Should do a video on why Chile did so well -- the Miracle of Chile. Anyway, I think North Korea, Venezuela, and Cuba are the three worst in the world according to the index of economic freedom.
algeria in the 90+3 min
Both of them
Im from Venezuela, hello
Expropriate it lol I had to look up that word
I like you more as clean shaved
I love your video at large but i will advice everybody who is into cryptos to stick with eth and btc as much as you can guys. if everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
IMAGINE BEING RICH, BEING TOO LAZY AND IGNORANT TO COME TO EVEN THE SLIGHTEST AGREEMENT. LET'S PETITION TO FIRE THE GOVERNMENT OR TAKE FROM THEIR POCKET MONEY IS GOOD FOR ONLY THREE THINGS : FUN, INVESTING, AND GIVING.
The government don't care about us, that's why i always advice people to invest
I once invested my money on crypto. Bitcoin trading is great, unlike the stock market and other financial markets, bitcoin has no centralized location, since it operates 24hours a day in different parts of the world
@@robhochstein4672 you are right Bitcoin trading might make you rich if you are hedge fund with deep pockets or an unusual skilled currency trader After a successful investment you have nothing to worry about, whether the rise and fall of economy won't affect you. Make's your future brighter, by making good investment
I think Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise Nothing ever changes
venezuela definitely sounds worse
Aayrac, Aayran 😐
My advice to everyone is to invest in Bitcoin now it cool opportunity for everyone to buy and hold .It is a life changing investment with a rapid growth
I heard that his strategies are really good and amazing 😆
Yeah ,My first Investment with Mr James earned me profits of over $24,320 US dollars and ever since then he has Been delivering
His success stories are everywhere 😱 and really amzing.
He is always there to guild and correct till your profit is seen by you.
Sri lanka has the worst economy right now in the world
Put jamaica 🇯🇲 on that list