I'm taking a college course on macroeconomics and watching all these videos to study for my final and these videos are actually more helpful than what my professor teaches

@stephenheard7072

5 жыл бұрын

I'm a freshman in college and we use Pearson textbook but its so different from AP econ. I wish it could all be the same!!

@fredost1504

3 жыл бұрын

Yeah and you pay buttloads of borrowed money to pay that professor for what you dont learn from him, and learn on YT. Go figure.

@austinbyrd4164

2 жыл бұрын

Cheap credit misallocates resources to undemanded/lesser demanded ventures, increases the present consumption & acquisition of goods, distorts our time preference, creates a dependency on continuous overvaluations, & distorts price signals (because of relative price stickiness, unequal velocity within different sectors, & circular demand within scarce demanded goods [assets]). Speculation increases as lesser educated consumers spend & borrow. They have not went through the thorough process of elimination that normally happens in the free market. When these malinvestments inevitably must end & the spigots of cheap credit are cut, a _'deflationary death spiral'_ must ensue. You *have to* allow resources to be freed up, consumption to be detered, & then properly allocate them to where they're demanded. If not, attempting to correct malinvestments within the system will crash the economy. Market set interest rates & a scarce divisible currency naturally fix this. Banks & borrowers must compete for scarce savings. Through interest rates, these funds are allocated to demanded ventures. In direct proportion to how demanded they are & how much consumption is detered through saving. Since there's no inflationary effects, our time preference of consumption & production is balanced, thereby allowing projects to reach their full potential. Artificially cheap inflationary credit interferes with needed corrections & exacerbates structural issues. We need to raise rates, default, & let the market properly restructure. Building up our productive capacity is the only way to viably get demanded goods & services. There's no shortcut.

@CrazyJean

2 жыл бұрын

If you study this for final it's too late, it's for Week 2

"your teacher probably already explained to you" lol I wish or I wouldn't be watching these videos

Cheat sheet! BUYS 1. Calculate multiplier: 1/.1 = 10 2. Multiplier x amount of bonds bought: 10 x $100 = 1000 DEPOSIT 1. Calculate multiplier: 1/.10 = 10 2. Calculate EXCESS RESERVES(LOAN OUT): 90% of $100 or .9 x 100 = 90 3. Excess reserves x multiplier = 90 x 10 = 900

@Karleefrederick

6 жыл бұрын

you are great

Thank you sir very inspirational from you. Teaching us bullocks from such a basic i can't thank you enough. With this one video i can finally afford two meals a day.

@gautampoojary7371

5 ай бұрын

Bhai yeh sab mat padh ye overkill hai

Mr. Clifford I just wanna say how much I appreciate your videos. They are helping me survive my atrocious economics class.

1:55 "WHAAAAAT?! This sucks!" I love this guy haha.

Does anyone else think Mr. Clifford looks a little like Mark Cuban?

@NailujG

6 жыл бұрын

Daniel Jones stole the words right out of my mouth

@ROYBOY322

6 жыл бұрын

Even sounds a bit alike

@grimmryan80

4 жыл бұрын

Same personality as well

bless ur soul, cramming for my final tomorrow and i don't know jack squat lol, you're much better than my professor *

2:36 both Mr. Cliffords point in sync!

This was So good! I am so happy I found this and I really wish you were my professor!!

your lecture was even better than the AP test reader!!!

thank you, this video help me a lot, cause i am having macro exam tmr

Very helpful! This dude is awesome

bro, you are the acutal goat ! greatest of all time

thank you so much, this man is hero!!!

saved me before my uni exam! thank you!

thank god for this man

another reason for why in 1) it's 1000 is cuz if fed buys bonds, the bank doesnt hold an rr therefore its just 100(10)=1000 right?

omg why am i only discovering you now 3/4 into my course :'(

This helped a lot!

life saver, thanks man

all you need, well done !

also its because the FED (or govns) spending money is new money being introduced into the system, unlike Jill in q2 whose money was already in the system. basically when the government spends, it introduces money into the system so the money it spent would be a part of the increase in money supply

0:09 hah, good one Jacob!

what about when the Central Bank sells bonds will we divide the amount by the money multiplier?

Sir is there any difference between money multiplier and deposit multiplier ?

having to teach myself macroeconomics during the corona virus has led me here

@abbyschlieker1762

4 жыл бұрын

ava Stamper same

@sanyamahajan9068

4 жыл бұрын

what happens to money multiplier and reserve ratio during financial crisis

@blueraven84

3 жыл бұрын

@@sanyamahajan9068 The reserve ratio is set by the Federal Reserve and doesn't automatically fluctuate as a response to economic conditions. Unless the Federal Reserve saw the need to change the reserve ratio, it, and the money multiplier will not change.

someone pls help me I am confused. When calculating reserve ratio, should I account all total reserves with excess reserves or only required reserve?

Good stuff.

if fed sells bonds, then would we multiply monetary multiplier by negative of the number? (-100*10 if RR is 10%)

When you popped out of the side of the screen at the beginning I just lost my shit XD

i missed class and I went to a tutor today for my econ review in college and after 30 minutes she couldn't explain what u just taught me in 2:44 minutes. I think im just going to always skip class and watch your video!!! haha jk but thank you!!!

You are amazing 👍👍👍👍👍

you are amazing !!!

"Your teacher already explained to you..." NOPE. Some profs just don't know how to explain..but you sure do!

Pov: this guy is better than your uni prof

very helpful for my exam

انقذت حياتي *قلوب*

Wait so what if instead of Jill depositing $100, she WITHDRAWS it? What would be the change in money supply then? How would I work that out? Thank you!!

@paulh965

7 жыл бұрын

M. Moncrieff Well you know what happens when the Fed sells bonds, it decreases the money supply. Same applies toward withdrawals since you are not distributing to the economy.

@austinbyrd4164

2 жыл бұрын

Cheap credit misallocates resources to undemanded/lesser demanded ventures, increases the present consumption & acquisition of goods, distorts our time preference, creates a dependency on continuous overvaluations, & distorts price signals (because of relative price stickiness, unequal velocity within different sectors, & circular demand within scarce demanded goods [assets]). Speculation increases as lesser educated consumers spend & borrow. They have not went through the thorough process of elimination that normally happens in the free market. When these malinvestments inevitably must end & the spigots of cheap credit are cut, a _'deflationary death spiral'_ must ensue. You *have to* allow resources to be freed up, consumption to be detered, & then properly allocate them to where they're demanded. If not, attempting to correct malinvestments within the system will crash the economy. Market set interest rates & a scarce divisible currency naturally fix this. Banks & borrowers must compete for scarce savings. Through interest rates, these funds are allocated to demanded ventures. In direct proportion to how demanded they are & how much consumption is detered through saving. Since there's no inflationary effects, our time preference of consumption & production is balanced, thereby allowing projects to reach their full potential. Artificially cheap inflationary credit interferes with needed corrections & exacerbates structural issues. We need to raise rates, default, & let the market properly restructure. Building up our productive capacity is the only way to viably get demanded goods & services. There's no shortcut.

@butter.fly.butterfly

2 жыл бұрын

@@austinbyrd4164 wow! thanks so much! but funnily enough you are 5 years late mate. i've graduated. but i really appreciate it.

what are "actual reserves"?

goated video

What if somebody finds $1000 on the ground and deposits it to the bank, is the calculation still the same.

@paulh965

7 жыл бұрын

Steve John Yes

what if Jill was a foreigner? I understand you're using a closed economy for simplicity but if this were the case it would be $1000 right?

could someone help me solving one exercise of money multiplier ?

The only prob since I started studying this chapter is i don't really get why the money multiplier = 1/ RR. Pls help me out :( :(

@paulh965

7 жыл бұрын

Mai As RR stands for reserve ratio which means the amount of money that the bank needs to hold instead of lending it to others. So if the RR is 10% and the deposit amount is 100 dollars, 10 dollars can't be loaned out and won't be counted in the money multiplier

Cheap credit misallocates resources to undemanded/lesser demanded ventures, increases the present consumption & acquisition of goods, distorts our time preference, creates a dependency on continuous overvaluations, & distorts price signals (because of relative price stickiness, unequal velocity within different sectors, & circular demand within scarce demanded goods [assets]). Speculation increases as lesser educated consumers spend & borrow. They have not went through the thorough process of elimination that normally happens in the free market. When these malinvestments inevitably must end & the spigots of cheap credit are cut, a _'deflationary death spiral'_ must ensue. You *have to* allow resources to be freed up, consumption to be detered, & then properly allocate them to where they're demanded. If not, attempting to correct malinvestments within the system will crash the economy. Market set interest rates & a scarce divisible currency naturally fix this. Banks & borrowers must compete for scarce savings. Through interest rates, these funds are allocated to demanded ventures. In direct proportion to how demanded they are & how much consumption is detered through saving. Since there's no inflationary effects, our time preference of consumption & production is balanced, thereby allowing projects to reach their full potential. Artificially cheap inflationary credit interferes with needed corrections & exacerbates structural issues. We need to raise rates, default, & let the market properly restructure. Building up our productive capacity is the only way to viably get demanded goods & services. There's no shortcut.

why I didn't find u out before...... ;[

song name???

How does someone dislike this video?

This guy kinda reminds me of Mark Cuban

1:56 "WHAT?!!? this sucks...." lol

Jacob Clifford I love you

amazing video, but ignore the first 1/10 he wrote, it's the only wrong and confusing part about this video.

@JacobAClifford

10 жыл бұрын

I wrote 1/.10 not 1/10.

@ballehossan

10 жыл бұрын

***** I'm so sorry, my mistake, as a foreigner it was hard to catch right away :) Great video though!

@zorba498

7 жыл бұрын

What's wrong with being a foreigner? Reachforth made a mistake, as we all human do, and he/she has already apologized. Does it really necessary for you to insult him/her?

Jill deposits $100 so the result of the money a supply is $900

noce

Now the reserve ratio is literally ZERO. That means the money multiplier should be INFINITE.

wrr

why is he so hot

Dude Slow it down!

@capgaming69

5 жыл бұрын

lmao seriously

These are great but you talk wayyyyy too fast.