Economics Explained

Explore the economy of ancient Egypt, including its centrally planned system, the role of farms and temples, and the use of grain as a currency. Learn about the favorable conditions along the Nile, the corevay system used in construction projects, and the economic challenges faced by ancient Egypt.

Exploring the claim from 'The Big Short' movie about the correlation between unemployment and death, the emotional and economic challenges faced by the unemployed, the conflicting death toll numbers associated with unemployment, and the consequences of unemployment on individuals and welfare systems.

Exploring the size and impact of the underground economy, including counterfeit goods, illegal substances, and regulatory challenges. Discussing the formation and negative impact of black markets, as well as the consequences of illegal labor and alternative approaches to participating in the black market.

This is Vatican city. The smallest widely recognized sovereign state in the world. This tiny nation exists entirely within these walls, but its influence is felt the world over. Learn more about your ad choices. Visit megaphone.fm/adchoices

There are all manner of factors that make poor countries poor and rich countries rich. Many of these factors we have explored in depth when we have looked at economies like the democratic republic of the Congo all the way up to places like Switzerland and Norway.  Political Stability, industry, natural resource wealth are all incredibly important variables but there is something extra here that just doesn’t seem to make sense. Learn more about your ad choices. Visit megaphone.fm/adchoices

The wealthiest among us today live a life unparalleled by any other human throughout history. The greatest Kings and emperors could only dream of the life afforded to today’s billionaires. It doesn’t end there, even mere multi-millionaires are living through a time where they have access to limitless information, unhindered mobility, and personal comforts. But this is all taking place at a time where a swelling population of people is struggling to make ends meet. Learn more about your ad choices. Visit megaphone.fm/adchoices

The justification was that this was necessary to restore balance to a universe that was overpopulated and putting too much of a drain on resources.  Now instantly hazing half of the universe, is a bit extreme, but…  When the same world can’t go a week without some news article telling us that global climate catastrophe is inevitable, natural resources are running dry, or that if everybody lived like the average American we would need 4 Earths to sustain them it starts to sound like we should hear this Thanos guy out. Learn more about your ad choices. Visit megaphone.fm/adchoices

Our world is home to over 190 countries using 180 currencies to trade, invest, and collect taxes. The global economy is complex at the best of times and the foreign exchange, or forex market only looks to add an additional layer of confusion and complexity. So this begs the question could the world adopt a single universal currency? Learn more about your ad choices. Visit megaphone.fm/adchoices

People are told from the time they get their first job to save money. Save for a car, have an emergency fund, send your kids to college, a house deposit, oh and not to mention retirement (if that is still a thing). There are a million things to save for and on an individual level, it is almost always a good idea. So why is it then, that governments and businesses from around the world are so terrified of people saving money? Learn more about your ad choices. Visit megaphone.fm/adchoices

The 2008 Global Financial crisis was kicked off by major structural issues in the global banking system and exacerbated by record levels of household debt. Today the world is on the brink of yet another major financial downturn, and yet again household debts are at record levels. Learn more about your ad choices. Visit megaphone.fm/adchoices