Economics Explained

Latest Episodes:

The Failing Economy of Sri Lanka Jan 19, 2023

Show notes

Over the past decade Sri Lanka was one of the fastest growing economies in Asia. However, they took on too much debt and now the country is collapsing.

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What Would Happen if China's Economy Collapses? Jan 10, 2023

Show notes

It's no secret that China is facing a myriad of economic problems with many commentators predicting the impending collapse of the Chinese economy. But what would really happen is the world's second largest economy collapses?

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Is There a Better Economic System than Capitalism? Jan 05, 2023

Show notes

Over time it is almost taken as given that science and technology will evolve and improve over time. But does the same hold true for the field of economics? Will future generations achieve superior levels of wealth due to advancements in economics or have we already solved everything there is to discover?

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How the World's Richest Country Lost 90% of its GDP Dec 24, 2022

Show notes

In the 1980s Nauru was the richest country in the world on a per capita basis. Nauru's wealth can be entirely attributed to its deposits on Phosphate, a substance used in fertilizers. However, by the early 2000s they had completely run out of Phosphate the country's GDP declined by more than 90%.

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Is inflation finally coming to an end? Dec 20, 2022

Show notes

Inflation has been perhaps the single biggest issue facing the global economy over the past year and has proven far more persistent than most people originally assumed. But with central banks around the world all raising interest rates, will we finally see inflation go back down to more normal levels?

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How Much Does China Lie About Its Economic Statistics? Dec 07, 2022

Show notes

Over the past 30 years China has experienced perhaps the most impressive economic growth of any country in history. But these impressive growth numbers all come from official government statistics bureaus. How much can we trust the official statistics?

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Why People are so Angry about the 2022 Economics Nobel Prize Nov 28, 2022

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In this podcast we go over the 2022 Nobel Prize in Economics

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The Economy of Switzerland Nov 21, 2022

Show notes

In this video we help you to be more knowledgeable about inflation by looking at countries, most notably Switzerland, that have bucked the global trend in 2022 by reporting tame inflation numbers. We look into what Switzerland did right and what other countries can learn from them.

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What Would The American Economy Look Like If COVID Never Happened? Nov 03, 2022

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What Would The American Economy Look Like If COVID Never Happened?

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Could the UK start the next Eurozone crisis? Oct 27, 2022

Show notes

The UK economy is not having a great year with 40 year high inflation, the Bank of England predicting a recession, and three different prime ministers within the span so 3 months. So what is going on and what does the future hold?

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