Economics Explained

🌈🐱 Get your very own EE NFT! 👉 https://opensea.io/collection/economicsexplained Nyan Cat, a video of LeBron James dunking, and a tweet by Jack Dorsey. These all have one thing in common (and no, it’s not because they were sold in recent months for millions of dollars, contrary to what you may have heard). What actually happened was the unique digital signatures of these three pieces of media we...

How do companies come up with their intricate supply chains? Why are some of these supply chains so convoluted where others are extremely straightforward? Will the severe restrictions put on international shipping during the fallout of the coronavirus make companies rethink how far they extend their supply lines? ... all this in more in today's episode! Enjoyed the podcast? Comment below! 💬 ⭑ Sub...

In today's episode, we'll explore the economic factors that are likely to define the airline industry for the foreseeable future! ✈️ What are the new pressures pushing prices upwards? What are the pressures pushing prices downwards? And, perhaps most importantly: how will all of this impact the way airlines operate in this already highly-saturated market? Enjoyed the podcast? Comment below! 💬 ⭑ S...

Aluminum smelting. Geothermal power. Bitcoin mining. What do all of these things have in common? ... Iceland! 🇮🇸 How has the nation weathered this economic turbulence without turning into a failed state? What end of the economic spectrum is the nation on today? And what industries drive this tiny little economy? All this and more in this episode of Economics Explained!  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ...

$42 billion dollars. That is the amount of money grossed by films at the global box office in 2019. Impressive? Definitely. Surprising? Probably not, especially when you consider that global box office revenues have increased year-over-year since 2005. That was, of course, until COVID. As you’d expect, the pandemic has devastated Hollywood – resulting in an unprecedented seventy-one percent (71%)...

This is new Zealand, a picturesque nation whos economy looks to exclusively rely on throwing their tourists off cliffs in increasingly imaginative ways and being left off of world maps. But Australia’s little brother is so much more than that and it might truely be the world’s best managed economy. Everything from the world banks ease of doing business index, from multiple quality of life assessme...

So the holidays are behind us and if you were left disappointed by what you found under your Christmas tree it might be because you weren’t in the spirit of things, or it might have been because Santa couldn’t get any stock of anything. The good little consumers of the world might have started to notice an increasingly common trend where more and more products sell out the day they are released, o...

Whenever we see China in the news it’s normally for some impressive statistic about building stuff, or how it is now home to the most millionaires in the world, or maybe it’s even an article about whatever geopolitical tomfoolery they are trying to pull this week.  But what is often forgotten about this is that behind the somewhat intimidating outward appearance of economic might and glistening sk...

This is Argentina – a South American nation that has been home to an unprecedented period of sustained growth quintupling in size in the last decade.  This nation has seen remarkable resilience through financial crises and even though it cycled through 5 presidents in two weeks, its continued re-investment in itself has paid off many times over as average incomes have doubled in the same time peri...

This is Bill Ackman, the billionaire hedge fund manager of Pershing square capital.  Bill has been featured on this channel a few times before, most notably because of his trade made in early 2020 which netted him over 2.6 billion dollars in profit.  Since then he has become a bit of an internet darling which is just great for him because a lot of his trading strategies require him winning over he...

So apparently we are due for a fourth industrial revolution, which might come as a surprise to you because as far as most people can tell we have only had one industrial revolution, and some nations haven’t even got around to that one yet.  All the same, this promise of a radical shift in the way we live our lives has got a lot of economists very excited and maybe a little bit anxious, both for ve...

What is The Great Reset actually proposing to do? Do these ideas have any merit? Who are the players involved in pushing this agenda? And is this actually a nefarious scheme or just the victim of terrible marketing? Learn more about your ad choices. Visit megaphone.fm/adchoices

This is the Carnival Imagination, a luxury cruise liner worth hundreds of millions of dollars, which just 10 short months ago was touring passengers in extreme comfort to exotic destinations all over the world.  This ship is sailing dead ahead to its final port of call, where it has been sold for scrap alongside dozens of other ships that have become the latest victims of the global pandemic.  The...

The United States 2020 Presidential election has been called by pretty much every organization that covers the event in any capacity and while the final decision is not made until the special club that is the electoral college has presented its final decision, it’s apparent that Joe Biden will be the next president of the united states.  This is the first time in almost 3 decades that an incumbent...

This is the Netherlands, a picturesque nation filled with windmills, tulip fields, and uhh coffee shops.  The nation is looked to by many as an extremely forward-thinking place that practices some pretty progressive policies. The nation has an incredibly strong social security system, with universal healthcare, robust retirement pensions, as well as allowances for maternity leave. And These kinds...

China has been home to the most extreme economic growth in human history. In four short decades, the nation has gone from a struggling backwater filled with poverty to this, a nation of glistening skyscrapers and more Gucci stores than you can poke a stick at. The driver of this growth has obviously been its embrace of the free market and opening itself up to international trade.  The nation has a...

This is Texas, the second-largest state in the USA by landmass, population, and GDP.  But perhaps being runner up is not so bad in all of these categories. Texas has for many decades been a huge driving force of prosperity, not only for the people within the state but also for all of the USA. The state provides over 40% of the oil production in the country which is, in turn, the largest oil-produc...

In the fallout of one of the most volatile American elections ever financial markets did something very strange, they rose, and rose to new record levels, again. This would be unusual during even a normal election, where most investors tend to sit back and wait for the dust to settle but it is especially strange in 2020. Joe Biden, who everybody is at least 90% confident will be the next president...

The war on drugs was declared in 1971 by president Richard Nixon in a press conference that went on to outline a plan to fight the trade of controlled substances across the world. Drugs were declared national enemy number 1.  Since then over 1 trillion dollars have been spent on fighting this battle and by all metrics, it has been money poorly spent.  It’s probably no surprise to anybody that drug...

Tesla is today the most valuable automaker in the world by market capitalization beating out industry giants like General Motors, Ford, Volkswagen group, and even Toyota.  It has achieved this impressive feet despite a short operating history, a limited product lineup, and even relatively modest sales figures compared to these much more established entities.  In spite of all of these indicators, i...

This is Kazakhstan, and yes I know what you are all thinking, and yes in the interest of full disclosure we are definitely cashing in on the hype surrounding the second Borat, but in fairness so is the nation itself.  Even still this country is so much more than that with one of the most, hmm let's call it exciting economies in the world.  What was once a mistreated soviet state has now gone onto...

The US presidential election will be held in 2 days from when this video is published. The process of electing who will go on to be the most powerful man in the world always makes for big news but perhaps never more so than in 2020.  The United States is currently in the grips of a major health crisis that has caused untold suffering to people directly affected, and indirectly to people impacted b...

In this episode of Economics Explained, we will explore the following questions: What has been behind the boom in the value of Pokemon cards?  Could this be a genuine investment vehicle?  Or is this all heading towards being the next beanie baby bubble?  Learn more about your ad choices. Visit megaphone.fm/adchoices

In and amongst all of the happenings in the world this year these awards have kind of flown under the radar which is unfortunate because they all recognized some very remarkable works. And in the field of economics, it all had to do with auctions.  Auctions and Auction Theory are one of the most important systems to understand in economics because they act as an efficient way to build markets and...

If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply & Demand” The number of people out there willing and able to buy a good or service versus the number of people out there willing to sell a good or service, all individually vying to get the best possible...