crash course has been helping me through my exams since the 1st semester. now im in 5th. thank youuuuu crash course!
Why do men on the internet have lisps and seem effeminate???
the takeaway: my ex is dead weight
IT WAS HER TURN! (Autistic screeching commences)
Craig Benzine was mentioned in this episode(;P). 00:43
Funny, maybe. Smart, i guess. BUT ATRACTTIVE? Adrian was lying when she said she could see us.
How about a floor BELOW the equilibrium price or a ceiling ABOVE the equilibrium price? What would happen then (theoretically)?
What about the farmers in developing countries?
Farmers make more than the average income? I grew up on a farm. My dad makes as much money as farmers did in the 70s. Thanks Reagan.
A price floor makes no sense. If we do not want to buy this thing at this price, then it makes no difference whether the government or the producers put that price.
If I want to buy chicken if its price was 4 $.
Then, if producers increase price to 5 $ I won't buy it. If the government suggests the price increasing to 5 $ I won't buy it either. What is the point?
Crash Course - double check where you have the DWL at the 3 minute mark. You can't have DWL where there wasn't consumer or producer surplus in the free market previously. You have the base of the triangle being where the shortage was and the tip of the triangle where the eq-price was. The triangle should be the reduction of CS and PS caused by the decreased Q.
What about producing more and destroying half of what you produce
This was done in farming in the Thirty's to keep produce prices up
The negative effect of agricultural subsidies only occur in rich countries. Here in the Philippines, the farming industry could almost die if the government won't subsidies them.
Am i the only one that pauses the videos at the into so i can read all the stuff they have on screen?
Actually, subsidies targeted only on low-income farmers would allow them to break into the market and create competition. They are great if the market is just getting started, like the mentioned solar panels and are great for breaking monopolies.
Muchas gracias por los subtitulos en español
This seems to pretend that the government is incapable of fixing any of these "problems". With rent controls for example, why should it cause a housing shortage? People still sell their homes and die. Legislators still control zoning and could simply have more areas to rent and restrict big rental companies from owning too much property ( that keeps prices low). State wide rent controls should prevents shortages. State standards for housing could be enforced, if the fines are bigger than the necessary repairs than they would make those repairs or sell the property. If they are petty and raze the property and hold on to the land the city could tax the land... Governments have a lot of options.
Love Crash course and not attacking the commentators, but economic theories seem to go unchallenged way too often. Venezuela is a good example of why we should not rely on a single commodity (oil in their case) for economic stability, not sure if price controls matter when the country does not have income. A better example seems to be all the countries with price controls for health care, which sometimes reduces how much healthcare is needed (which is desirable).
this is terrible: they repeat each other!
If every price is set by the government, why would their be shortage (assuming all things produced domestically). If someone doesn't make gas with their factory because of price controls, they waste their machines by idling them (assuming they can't sell to other countries), so why would they stop production?
nixon forgets inflation is always and everywhere a monetary phenomenon