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2018 Economic Year in Review
- Published on Dec 19, 2018
- Thank you all so much for watching my TVclip videos. I love making them and I hope that you enjoy watching them. I wrote you a Christmas poem.
'Twas the week before Christmas, and in every class
Each student with finals prayed that they passed
In micro the graphs were all labeled with care
Showing ceilings and floors and the effect on welfare.
In macro the graphs were AS and AD
And the long term effects on real GDP
With all these concepts fresh in your head
Remember that econ is nothing to dread
So sit back n relax for a moment or two
For a 2018 economic year in review.
GDP growth was up, the US economy was strong.
unemployment was down but for how long?
Inflation is expected to climb up into the air
So interest rates rise with a new Fed chair.
Piece in Korea ended a sixty year mess
But a trade war with China caused lots of stress.
Some say that globalization and trade is a sin
But poverty rates show that trade is win-win.
Venezuela’s central plan is a total disaster
But that’s what you get when the governments your master
It’s another example that the socialist trap
is just as destructive as Thanos’s snap
Fornite made billions, despite being free
Amazon’s got a new home? Now they have three
Apple became the highest valued firm ever
Toys R us closed and Bitcoin? No, never.
GM closed factories to limit to their losses
But the masses complained saying shame on the bosses
The same thing happened to the leaders in France
It’s now dangerous to pursue responsible finance.
Politicians and pundits fight every day
They claim black and white. But most things are grey
"With, Trump! and, Warren! and Shapiro and Krugman!
And, Acosta! and Sanders! And Brexit and Putin!
The news claims nothing but sadness and strife
But take a step back at look at your life.
Living in 2018 is not nearly that bad
Just think of all the things you ancestors never had
Medicine, the internet, TVclip, your phone.
The free market made those. You didn’t make them alone.
We might fight over the details but most of us see
That markets, like people, are better when free
So to all of you. Whether you’re left or you’re right-
“Merry Christmas to all, and to all a good night!”