Economics Explained

Taxes are an unfortunate reality for most people living and working in the modern world, we pay them every year, we complain about them, and then we forget them until next year.  Taxes are one of the most important elements of any economy around the world. Entire societies can grow from effective taxation and crumble without it. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2017, at Christie’s Auction House in New York, a mysterious #Art buyer bid a record-breaking $450 million dollars for the #SalvatorMundi; a painting by the legendary Leonardo da Vinci. News of the staggering purchase price sent shockwaves throughout the entire art market (which, interestingly, has been a reliable indicator of impending market bubbles for decades).  What drives the high-end #ArtMarket? How can art be used to move money in creative ways and get around taxes? And perhaps above all, why would anyone park so much money in a picture when there are other asset classes that actually generate cash, like real estate rentals or dividend-paying stocks? … all this and more in today’s episode! Learn more about your ad choices. Visit megaphone.fm/adchoices

Brazil is currently the 9th largest economy in the world, according to the International Monetary Fund. This means that if the nation does make the jump from developing to developed, it could rival economic superpowers like Germany, Japan, or the United Kingdom.  And as crazy as it may sound, it may become an economy that rivals the USA or China. Learn more about your ad choices. Visit megaphone.fm/adchoices

China's Belt and Road initiative is set to be the most influential economic development project in recent history. It’ll be an investment measured in trillions, connecting dozens of nations with roads, rail lines, shipping routes, and most important of all: trade deals.  But for all of the impressive figures, there’s an equally concerning list of problems centered around the nation that looks to be the ringmaster of this whole project. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is Liechtenstein just the cutest little European nation, the nation is tiny but weirdly enough it is actually only the fourth smallest country in Europe, behind Vatican City, Monaco, and San Marino. What it lacks in square footage though it more than makes up for in economic might. You see this country is home to the second richest people in the world with a GDP per capita of $165,000 which is second only to Monaco, and the country is, at least officially home to some truly wealthy old moneyed elite. Learn more about your ad choices. Visit megaphone.fm/adchoices

So hedge fund is a term that has really lost a lot of meaning in recent years. These days it basically just means a managed financial institution that facilitates complex investment strategies that cater exclusively to high net worth individuals. But that wasn’t always the case. You see hedge funds actually have a really specific role in the world of high finance and in this video we are going to find out what makes them work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Exploring the causes of recessions, the impact of consumer confidence, and the interconnected web of earnings, spending, and debt. Also, delving into how recessions are essential for economic control, resource reallocation, and promoting long-term growth.

Game Theory explores decision-making with competitors and friends and reveals that it offers more insight into getting along with partners and allies than about competition. It examines the famous prisoners' dilemma scenario and analyzes the motivations behind each decision for maximum individual benefit. The application of game theory extends to understanding competitive behavior and collusion, with a focus on Nash equilibrium. Additionally, cooperative game theory proves relevant in international trade negotiations, as exemplified by Donald Trump's trade agreements approach.

Qatar has one of the highest rates of migrant workers of any country in the world with over 90% of residents being non-citizens. So why does Qatar need so many migrant works and why are so many migrant workers willing to go to Qatar? Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the past decade Sri Lanka was one of the fastest growing economies in Asia. However, they took on too much debt and now the country is collapsing. Learn more about your ad choices. Visit megaphone.fm/adchoices