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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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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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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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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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Enjoyed the podcast? Comment below! π¬ β Subscribe to Economics Explained Youtube Channel π https://bit.ly/sub2ee β Enjoyed? Hit the like button! π Q&A Streams on EEII (2nd channel) β https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g βοΈ Business Enquiries β [email protected] π§ Listen to EE on Spotify! π https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter π¦ β https://twitter.com/EconomicsEx Facebook β https://www.facebook.com/EconomicsEx Instagram β https://www.instagram.com/EconomicsExplained Discord β https://discord.gg/MJGcTH6Β βββββββββββββββββββββββββ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY ππ Support EE by becoming a Patron today! π https://www.patreon.com/EconomicsExplained
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Is returning to the gold standard something that could fix the economic issues we are facing today?
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Enjoyed the podcast? Comment below! π¬ β Subscribe to Economics Explained Youtube Channel π https://bit.ly/sub2ee β Enjoyed? Hit the like button! π Q&A Streams on EEII (2nd channel) β https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g βοΈ Business Enquiries β [email protected] π§ Listen to EE on Spotify! π https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter π¦ β https://twitter.com/EconomicsEx Facebook β https://www.facebook.com/EconomicsEx Instagram β https://www.instagram.com/EconomicsExplained Discord β https://discord.gg/MJGcTH6Β βββββββββββββββββββββββββ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY ππ Support EE by becoming a Patron today! π https://www.patreon.com/EconomicsExplained
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