Economics Explained

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Why The Gulf States Need To Keep Building Big Dumb Mega Projects Oct 13, 2022

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Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaprojects, the most extreme of which is Saudi Arabia's $1 trillion 170km skyscraper called The Line. Why are these countries spending so much on mega projects and does it make any economic sense?

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India Will Not Be The Next China... It Will Be Bigger Oct 06, 2022

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Up until 1990 India was slightly richer than China on a per capita basis, but since then China's economy has grown far faster than India's. In this episode we look at the structural issues in India's economy have thus far prevented it from achieving the same level of economic success as China.

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No. China Is Not Going To Collapse... Yet Sep 29, 2022

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An Honest Discussion About A Universal Basic Income | Economics Explained Sep 23, 2022

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In this video we go over the pros and cons of a universal basic income. The US government spent over $5 trillion of economic stimulus and relief payments during the pandemic of 2020 and 2021. This is enough money to give every adult in the country $1,000 per month during this 2 year period. Would the money have been better spent just giving it directly to the people?

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Limitless Growth Is Possible If We Run Our Economies Correctly Sep 08, 2022

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Society has an unlimited desire for material goods but the world has limited resources to supply these goods. Ever since the industrial revaluation most advanced economies have consistently increased their economic output over time. At some point, the world will run out of resources and economies will no longer be able to grow. How can we continue increasing our living standards without depleting our planet?

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Could China's Currency Be The New World Reserve? | Economics Explained Aug 16, 2022

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Since the end of World War 2 the US dollar has been world reserve currency, this means international transactions are overwhelmingly done in US dollars. This gives the US some key economic advantages. Naturally China wants to make its currency the world reserve currency, and as the second largest economy it makes some sense.

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The Stagnating Economy of Canada Aug 08, 2022

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Canada is one of the wealthiest economies in the world today, but the OECD forecasts that the country will stagnate and is poised for the lowest growth of any advanced economy over the next 5 years. So why is Canada struggling to grow and what can this tell us about other advanced economies?

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Are We Stuck Between Hyperinflation And A Recession? Jul 22, 2022

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China's Major Tax Problem Jun 28, 2022

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Young Generations Are Now Poorer Than Their Parents And It's Changing Our Economies Jun 16, 2022

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