Economics Explained

Latest Episodes:

Money Laundering: A How To Guide For The Modern Global Billionaire Mar 22, 2023

Show notes

Say you find yourself sitting on top of a vast fortune of funds that were acquired legitimately (or otherwise), and let's just say this vast fortune propels you to billionaire status. Congratulations! You've made it! ... well, sort of. All that’s left to do now is make sure your fortune is secure for generations to come (and not lost as quickly as it was made). But before you can enjoy the high life, you are going to need to first check-off a few things. Luckily you are in the right place. So, take out your notepad and pen, this is the first video in a two-part series on how to become the master of your finances.

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Modern Monetary Theory Explained Mar 19, 2023

Show notes

What is modern monetary theory? Is unlimited money possible?

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Is war good for the economy? Mar 14, 2023

Show notes

Can wars benefit a country's economy?

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How to make space travel economically viable Mar 13, 2023

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Could space travel ever be economically viable?

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Exclusive Interview with Dr. Nouriel Roubini on Economic Megathreats Mar 11, 2023

Show notes

Check out our corresponding video on YouTube and share your thoughts in the comments.

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Nouriel Roubini is an economist and professor at NYU's Stern School of Business, known for his expertise in macroeconomics and international finance. He predicted the 2008 financial crisis and has served as an economic adviser to the IMF, World Bank, and various governments. He is a frequent commentator in the media, has written several books and articles, and is the co-founder and chairman of Roubini Global Economics.

In his book "MegaThreats" he identifies ten major global risks, including pandemics, climate change, and economic inequality, that require global cooperation to address. Roubini offers solutions such as investing in healthcare, education, and sustainable energy, and creating new systems for global governance. The book serves as a warning and a call to action to build a more resilient and equitable world.

Dr. Roubini's full book

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Do We Actually Need Debt? Mar 07, 2023

Show notes

Is there such a thing as "good debt"? And how could something good cause so many issues? On top of this is there any way that we could just run an economy without debt and would we be better off for doing so. Well, it turns out we probably can, and in fact, there are many economies around the world today that are developing rapidly while going without this system that we just assume is a given. If we can critically explore these questions it will offer insight into how our modern financial system works, and why it means that despite our best efforts we are almost destined to go into a recession once every 10 years or so.

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Did Washing Machines Change The Global Economy More Than The Internet? Mar 04, 2023

Show notes

The internet is widely hailed as one of the most economically impact inventions of the modern era. But there is one much more mundane invention that at least one economist believes was even more important - the washing machine.

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Can an Economy Grow Forever? Mar 01, 2023

Show notes

Economic growth is something that is important to every global citizen today. But it's not something to necessarily take for granted – we are certainly not "owed" long-term growth. We must earn it. And above all, we must continue innovating to become more efficient. Simultaneously, society must collectively address the major issues that we're inevitably set to face within this century if we wish to ensure that future generations live better than their predecessors.

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Can a New Leader Save North Korea's Economy? Feb 26, 2023

Show notes

What will the potential economic outcomes of leadership change be why is it that a dictatorship inherently makes for a poor economy? What the potential outcomes will be for North Korea will be in the future. How countries have dealt with this type of situation in the past. And perhaps initially what is it that would stand in the way of a country like North Korea embracing a modern economic system, what keeps them poor.

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The Unstoppable Economy Of Hong Kong: The Land Of Billionaires Feb 23, 2023

Show notes

Hong Kong has done very well for itself as a global middleman. And the meteoric rise of its neighboring economy, China, has only strengthened the city’s already-prosperous position. But, of course, if you follow the news, you probably already know that Hong Kong has seen better days. Global trade tensions, prolonged protests, and good old-fashioned competition have dramatically impacted its economy in recent years.

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