The 1 Basic Economics Principle People Misunderstand
- Economics can be a complicated issue, so I've removed most of the complexity and got down to the core of the issue. It turns out that money isn't what most people assume it is. And yes, after several arguments in the comment sections of my videos where certain people assumed they knew how economies worked, I thought it best to make a video to clarify why they're mistaken. I'm fairly certain they won't listen, since that's their nature, but it's worth explaining it for everyone else so that you don't get mislead by the claims of those people in the future.
Some of you expecting history videos may be wondering why I've covered this topic. Well, I can't cover Lend Lease, or certain other non-war topics which I've promised to cover, unless we get the basics down. This is one of those basic videos which will enable me to move onto other history topics.
Please check out the pinned comment below for more information, notes, links, and sources. Also, please consider supporting me on Patreon and help make more videos like this possible www.patreon.com/TIKhistory
Academic Agent's response video tvclip.biz/video/QPqPnWTaMrE/video.html
Learn Liberty also says the exact same thing in their video "Why Not Print More Money?" tvclip.biz/video/ZkyBnaYCUhw/video.html
Here’s some other videos you may be interested in -
ReasonTV “This LA Musician Built $1,200 Tiny Houses for the Homeless. Then the City Seized Them.” tvclip.biz/video/n6h7fL22WCE/video.html
Academic Agent’s “The Origins of Money” tvclip.biz/video/fWDn1-dyXDg/video.html (watch first) and “Understanding Inflation” tvclip.biz/video/nnisOz2nGFc/video.html
Academic Agent’s “Why Workers Are Not Exploited in the Free Market” tvclip.biz/video/iIONcSbrxbQ/video.html
“Does Capitalism Exploit Workers? - Learn Liberty” tvclip.biz/video/4Ttbj6LAu0A/video.html
Thomas Sowell explains “Trickle Down Theory” myth made up by Marxists tvclip.biz/video/nZPDpk8NA-g/video.html
Valuetainment’s “How to Start a Business for under $500” tvclip.biz/video/rKAAzZFLPEs/video.html
Milton Friedman’s “The Robin Hood Myth” tvclip.biz/video/5Wx5PYZIWcQ/video.html ||| and "Monetary Policy" (explaining inflation and showing inflation in different countries through charts) tvclip.biz/video/6LfUyML5QVY/video.html ||| and “Understanding Inflation” tvclip.biz/video/GJ4TTNeSUdQ/video.html ||| and “Case Against Equal Pay for Equal Work” tvclip.biz/video/hsIpQ7YguGE/video.html ||| and “The Great Depression Myth” tvclip.biz/video/dgyQsIGLt_w/video.html
ReasonTV “The $15 Minimum Wage Is Turning Hard Workers Into Black Market Lawbreakers” tvclip.biz/video/0fsVI3EmUnQ/video.html
This video is discussing events or concepts that are academic, educational and historical in nature. This video is for informational purposes and was created so we may better understand the past and learn from the mistakes others have made.
History isn’t as boring as some people think, and my goal is to get people talking about it. I also want to dispel the myths and distortions that ruin our perception of the past by asking a simple question - “But is this really the case?”. I have a 2:1 Degree in History and a passion for early 20th Century conflicts (mainly WW2). I’m therefore approaching this like I would an academic essay. Lots of sources, quotes, references and so on. Only the truth will do.