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Economics Explained

Latest episodes

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Jul 9, 2023 • 18min

What Everyone Gets Wrong About Global Debt | Economics Explained

Is the global debt of over $300 trillion really a problem? And does debt for the global economy work in a different way from debt on an individual level? In this video we'll explain who holds all the debt that countries and businesses owe, and whether this will be a big problem in the near future. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jul 4, 2023 • 45min

Are We Overeducated? Economics Explained Interview with Prof. Billari (Bocconi University)

This is a fantastic interview with Prof. Billari (Bocconi University) about education. A better educated economy is usually better, all things being equal, but issues like student debt, skills misalignment, migration and brain drain can put a lot of pressure on an economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jul 2, 2023 • 17min

Why More Education Is Not Always Better For The Economy

Education is rightly seen as one of the best ways to develop a country’s economy, as more productive workers can create better living standards for everyone. But is there a limit to the benefits of education and should countries be wary of this double-edged sword? Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 27, 2023 • 17min

Why Is Europe's Economy Always Lagging Behind The United States?

The US has had a much greater level of growth than the EU in the past decade despite the pandemic and Europe having a large collection of advanced economies with highly educated populations. Why is Europe always lagging behind? Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 20, 2023 • 13min

The World's Smallest National Economy Will Soon Disappear

Tuvalu is a tiny island nation confronting existential threats. Rising sea levels jeopardize its sparse population and limited economy. As the nation becomes inhabitable, this video will explore what the economy of Tuvalu is reliant upon, and the measures to save it. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 15, 2023 • 14min

The Pathetic Economy Of North Korea

North Korea, the most closed-off country on earth. This Asian nation is often the center of intense scrutiny for its aggressive displays of militarism, its internationally condemned nuclear program, and of course its oppressive government dictatorship. A 2014 report by the united nations concluded that the gravity, scale, and nature of these human rights violations does not have any parallel In the contemporary world. What they are ashamed of though, is something that all these media spectacles help to distract from and that is their incredibly small and pathetic economy. Beyond the dramatic chest-beating and despite all of the opportunities this country has been given it has dwindled into complete economic obscurity and in this video we are going to explore why. Learn more about your ad choices. Visit megaphone.fm/adchoices
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Jun 7, 2023 • 14min

The Bitter Economics of MLM

Exploring the economics and flaws of multi-level marketing companies, highlighting the risks and unlikelihood of success. Examining the income sources of a top earner in Amway and the questionable financial impacts.
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May 31, 2023 • 13min

Japan: The Fading Economy

Japan became the first of the modern Asian countries to experience massive sustained economic growth. Japan had a lot going for it after the end of the war, it was able to rebuild with the help of the allies and go through its own modern industrial revolution. In the 1960s, Japan was growing at a rate of 10% a year which for a national economy was unheard of at the time, this economic growth continued and japan was able to ride the wave of globalization as the world's low-cost manufacturer. Japan developed a huge car industry, it was at the forefront of consumer electronics and was working meticulously to make sure that this newfound wealth was being invested wisely into infrastructure like high-speed rail, airports and metro systems that would make their economy even more efficient. At its peak, there was so much wealth in japan that the real estate market of Tokyo had some pretty crazy anomalies. In the late 80’s it was estimated that the imperial palace covering an area of 3.4 square kilometers in central Tokyo had a real estate land value greater than all of the real estate in California. Of course, the imperial palace was never for sale and this was based on the cost per square feet in the area but it still should give a good idea of just how much money was washing around in Japan. In this video, we will look at how this all went so wrong and what it can tell us about countries that are today where japan was 40 years ago. Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 24, 2023 • 25min

How This Man Profited $1 Billion Betting on Hong Kong Horse Races

Bill Benter, is a reserved unassuming and media-shy Pittsburg resident who made almost 1 billion dollars by gambling on horse races. The man was a mathematical genius who was on the cutting edge of both computer science and statistical modeling so it is widely assumed with his business knowledge that he could have made money just about anywhere, in a rare interview when asked about his success in horse racing he said: “I was driven only partly by money, I believe I probably could have made more money in finance, but that didn’t interest me, I didn’t get into professional horse racing because it was hard, but because it was said to be impossible” Learn more about your ad choices. Visit megaphone.fm/adchoices
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May 18, 2023 • 12min

The Economics of Poverty

The Democratic Republic of the Congo is the world's poorest country, with a large majority of its 70 million citizens living in absolute poverty. For a long time, poverty in Africa has been seen as a purely humanitarian issue. But could the answer just be good economic management? Unfortunately, this situation has an obvious solution that is impossible to attain. Poverty is a thorny issue to deal with. Still, in this video, we'll attempt to explore some of the fundamental causes of this poverty and see how they impact the Congo's fragile economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

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