Economics Explained

Economics Explained
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Sep 8, 2020 • 17min

Why Does China Manipulate its own Currency?

Exploring the controversy of China's currency manipulation in global trade and its impact on businesses. Discussing the concept of currency manipulation, trade surplus, and import tariffs. Explaining the competitive advantage of devaluing a currency and how China manipulates it. Exploring China's currency control system and the potential for profit through market inefficiencies.
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Sep 8, 2020 • 16min

The Student Debt Crisis

Student loans are financial tools that have been put in place to give promising individuals the ability to get an education and increase their potential for future earnings with a strong professional career.  On a nationwide level having a well educated and skilled workforce is one of the strongest determinants of economic success. We have seen this time and time again with nations like South Korea, Japan, Switzerland and Germany, who are not necessarily blessed with a wealth of natural resources or great geography but nonetheless hold their own as some of the world's wealthiest nations.  For all of these reasons, young men and women from around the world have grown up with the idea that their education is the best investment they can make… Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 8, 2020 • 18min

Why Becoming A Cashless Society Is A Terrible Idea

This podcast explores the advantages and drawbacks of a cashless society, including higher prices and limited control over exchange. It also discusses the concerns of payment providers, government control, privacy, impact on the black market, and restrictions on the economy.
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Sep 8, 2020 • 20min

Do We Need to Work 40 Hours a Week?

Explore the history and impact of the 40-hour work week, from its origins in farming to its influence on office work. Learn about the challenges faced by accountants on fixed working hours and the rise of casualized labor. Discover the value and perception of non-traditional work schedules and the disadvantages faced by part-time employees.
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Sep 8, 2020 • 16min

The Biggest Wealth Transfer in History is Upon Us - Here is What it Means

The podcast explores the upcoming wealth transfer from the retiring baby boomer generation and the significant impacts it will have on the economy and society. It discusses potential problems arising from the transfer of wealth, the impact on assets and businesses, the limitations and fears for average individuals receiving inheritances, and challenges faced by family-run businesses. It emphasizes the magnitude of the wealth transfer and the opportunities it presents.
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Sep 8, 2020 • 20min

How the U.S. Economy Just Lost 33% of its Value

The podcast explores the shocking 32.9% contraction in annual GDP growth in the US, comparing it to past economic crises. It discusses the impact of the economic downturn on the US economy, concerns about government stimulus and potential inflation, the problems of inflation and malinvestment, and challenges in modern investing and the broken economy.
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Sep 8, 2020 • 15min

The Economy of Ancient Egypt

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.
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Sep 8, 2020 • 14min

Why 40,000 People Die for Every 1% Increase in Unemployment - The Big Short

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.
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Sep 7, 2020 • 18min

Black Market Economics - What Drives the Underground Economy?

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.
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Sep 5, 2020 • 18min

The Weird and Wonderful Economy of Vatican City

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

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