He taught you nonsense. Wealth means products and services, not money. If you don't belive that, adk yourself why is it that the more money there is in curculation, the less you can buy with them, or, in other words, the more useless it becomes. The "multiplier effect" is a nonsense concept used to justify government spendig, borowing, taxation, inflation ...which are all the things that make us poorer, not wealthyer.
@@adamventura733 What high school did you go to? In my school, we only covered very basic economics that after we graduated we didn't even know what marginal utility per dollar or increasing return to scale was I use price elasticity of demand for everything now and I'm taking Macroeconomics in my 2nd year in college. Also props, Adam!
Nicely done. Any idea how much money the uber wealthy have hidden in hidey holes to avoid taxation, or for that matter do they save enough to otherwise remove money from the economy to the point that the multiplier is excessively diminished to a harmful degree?
THANK YOU SO MUCH FOR MAKING THESE VIDEOS. My professor sits in a chair at 8 AM lecture reading off his slides with a laser pointer. My final is this Friday and I'm just binging these videos - they're so well done and easy to understand. Thank you!!!!
i never comment on youtube videos but I just wanted to say that you're a really great teacher. I take IB economics, and your videos have helped me so much! I got a 7 in my macro econ test because of your videos thank you so much
I HAVE HAD SEVERAL DIFFRENT PEOPLE EXPLAIN THIS EFFECT TO ME, NON SUCCEEDED IN TEACHING ME. I GREATLY THANK YOU FOR YOUR CLEAR AND UNDERSTANDABLE LECTURINGS!
I have been in Macro class for over a month .. and don't understand a thing. I watch this video and feel 100% more confident, who needs lectures when I can watch your videos haha! Thanks so much :)
Last semester I had Microeconomics at Uni. Your videos are excellent. Everything I didn't understand, I understood after watching you. Used all your videos for revision. Thank you
Up at midnight cramming for my Macro Exam... SOOOOO glad I came across your videos! These are a life saver and they are making the info fun and interesting! I will be recommending them to all my friends who have yet to take the Micro course. Wish I had had time to get the practice booklet! Will definitely be adding my support!
Thank you. Thank you. I am an online student received a book and tests... this really fleshes the information out. I now watch your videos first and then read the text to reinforce what you taught.
Professor Clifford, you are really a genius! A master! The EconomicPedia! Fantastic! With you and the Crash C. I always learn a lot, and while having fun! Keep up the good work, please!!!! The best!!!
The fact that I am writing tomorrow and I've been struggling with this chapter for the whole semester, thank you so much from the University of Cape Town South Africa.
Mr.clifford you are and you'll always be my bestest teacher of economics.. 🤟😎I have seen no one till now, who has literally eased this subject "economics" to this extent... 👏👏👏😎
I had to pause and write it down to fully understand but this helped a TON! Thank you for condensing so much info into one 5 minute video. I hope I'll be ready for my test tomorrow :)
Before I started watching your videos, economics was confusing and sometimes boring, but now that I have started watching your videos it couldn't be any more fun.
damn watching this the night before my ap macro exam sir bless ur soul for making these videos literally saving my life considering i know nothing about economics or whatsoever before
Listen I have traded stock, stock options, and currencies (only a year on currency once refco went under and stole my 1000, it was losses anyway mostly but. I'm back in school taking macro. the kynesian chart my teacher used same ag demand shifts to left, equilibrium and price point 1 and 2 chart 100 times. My point is everyone this guy knows his stuff and smart enough while being creative also to get you to stay with him till you get it. I click on you first man if your available and at 44 years old just want to say thank you. I have my macro exam today, last one of the semester and need a calculator, will do my best without one. Bottom line, math wise, 20% of macro was obvious to me with 15 yrs cnbc viewership but mathwise was lost in class till you. Thank you, I might still get a D but I'm trying for a B and praying for a C. Wish me luck man. Teachers don't get enough credit how important they are, makes me want to be a teacher instead of a hedge fund mgr that is my dream.
Sir, your videos are blessings in disguise, so much informative and so clear to understand tnx a lot for all the time and effort you put into making these videos
The Austrian school of economics is the correct school of economics. We would have no business cycle if interest rates were artificially low. This leads to speculation and the misallocation of capital.
This is why I think a ubi would be a fanominal idea. It could help so many people out of poverity, and with it as a safety net people would be willing to spend more. Thuse this would increase the rate at which people exchange money for goods. It would likely cost 3 trillion in the begining but could easly make that up and grow the over gdp in no time. Also people would feel more secure and as such willing to spend more making are econamy & workers more productive.
SOOOO helpful ^_^ thank you. I agree. You make so much more sense than my professors and you even bring more enthusiasm _ which is definitely needed for this subject.
Hey Mark thank you so much for sacrifice your time to teach us incompetent students. I know you are busy with your venture capitalist things plus having to lead Maverick to win the champion, thanks again
You've literally taught me more in the past 5 minutes than my teacher has for the past 3 months. You're a lifesaver!
i cannot agree more
He taught you nonsense. Wealth means products and services, not money. If you don't belive that, adk yourself why is it that the more money there is in curculation, the less you can buy with them, or, in other words, the more useless it becomes.
The "multiplier effect" is a nonsense concept used to justify government spendig, borowing, taxation, inflation ...which are all the things that make us poorer, not wealthyer.
@@mariusceterchi5269 this may be true, but it's not based on opinions. It is based on what college board wants us to know for the class
finals week in college. You are saving me.... saving me
same he's literally saving me
Don't bunk
Juan pedro Minaudo ????????
In India this is in class12 we r advance
@@adamventura733 What high school did you go to?
In my school, we only covered very basic economics that after we graduated we didn't even know what marginal utility per dollar or increasing return to scale was I use price elasticity of demand for everything now and I'm taking Macroeconomics in my 2nd year in college. Also props, Adam!
What did you think of the video? By the way, don't tell anyone that this week's Techinical Tuesday was uploaded on Wednesday. Shhh. Keep it a secret.
you make a lot more sense than my lecturer.
+Abid Mo Yeah I wish I knew about these videos before my imminent exam. I had no clue what was going on in my lectures.
You are a life saver in a college world of dull econ textbooks and flat lectures...Thank You
Nicely done. Any idea how much money the uber wealthy have hidden in hidey holes to avoid taxation, or for that matter do they save enough to otherwise remove money from the economy to the point that the multiplier is excessively diminished to a harmful degree?
ACDCLeadership please make a video on paradox of thrift.
you're like the best econ teacher ever!
+Anand Bindal Thanks Anand
The introduction is funny AND it makes sense. He says the multiplier effect 4 times then something else twice then only once... love it
Underrated comment, I don't think many people got that
THANK YOU SO MUCH FOR MAKING THESE VIDEOS. My professor sits in a chair at 8 AM lecture reading off his slides with a laser pointer. My final is this Friday and I'm just binging these videos - they're so well done and easy to understand. Thank you!!!!
I love this dude's content, 1. He is straight to the point 2. He has a sense of humor 3. He explains in normal english, not by text book terms
i never comment on youtube videos but I just wanted to say that you're a really great teacher.
I take IB economics, and your videos have helped me so much! I got a 7 in my macro econ test because of your videos thank you so much
I am self studying macro and I have to say your videos are a phenomenal resource. thank you I will we be buying the ultimate review packet
I HAVE HAD SEVERAL DIFFRENT PEOPLE EXPLAIN THIS EFFECT TO ME, NON SUCCEEDED IN TEACHING ME. I GREATLY THANK YOU FOR YOUR CLEAR AND UNDERSTANDABLE LECTURINGS!
+Abbosbek khurderberganov You are very welcome
It’s helpful and considerate people like you that restore my faith in humanity and my grades. Thank you.
I love how you put jokes in your videos, it makes me remember easily. Your explanation is amazing and so are you.
words can not explain how grateful I am for this man
U explained 50mins worth of lecture in a 5 min video and made it so much clearer. thank you my guy
After i finished the video, i just re-watched the beginning. It's hilarious :'D
I hope that more teachers teach as you do! You really make this world a better place
I have been in Macro class for over a month .. and don't understand a thing. I watch this video and feel 100% more confident, who needs lectures when I can watch your videos haha! Thanks so much :)
+Tiana Nelson I'm glad I was able to help Tiana. You should check out my Ultimate Review Packet. I think you will like it.
Thank you for existing, you made something my professor explains in two hours so much easier to understand in five minutes.
Last semester I had Microeconomics at Uni. Your videos are excellent. Everything I didn't understand, I understood after watching you. Used all your videos for revision. Thank you
Your teaching is a million times better than a wordy textbook, and you are free!
Up at midnight cramming for my Macro Exam... SOOOOO glad I came across your videos! These are a life saver and they are making the info fun and interesting! I will be recommending them to all my friends who have yet to take the Micro course. Wish I had had time to get the practice booklet! Will definitely be adding my support!
Thank you so much I tried skipping this chapter after rereading and not understanding. 25 pages covered in 5 minutes you are a God send!
You are a legend! Studying for my Macro Final this Friday! You have saved my grade, thank you!
Youre the Best, Love From South Africa.
8 years later and this is still helping people 🤯🤯
Thank you. Thank you. I am an online student received a book and tests... this really fleshes the information out. I now watch your videos first and then read the text to reinforce what you taught.
You are the economy tutor sent by God itself. I wish you the best of this world could give
much love from Indonesia.
you saved my grades today, man. You're a lifesaver.
Thank you for yet another fantastic video! Still (after 7yrs) highly valuable content.
Professor Clifford, you are really a genius! A master! The EconomicPedia! Fantastic! With you and the Crash C. I always learn a lot, and while having fun! Keep up the good work, please!!!! The best!!!
Mr Clifford you are best teacher of Econ I have ever seen ...
Please could give lecture on " Neo-classical approach to aggregate supply "
that basically means a classic vs keynesian view of aggregate supply. Discuss the points of difference between them.
Studying for my macro exam and you've just saved my life! Thanks man
Your teaching style was really helpful, thanks mate!
Smart wayy of teaching.. best 5 mins i spent on econ, thank you!
You are literally the best teacher for Economics ❤️ God bless you 😁
This guy is an actual legend
The fact that I am writing tomorrow and I've been struggling with this chapter for the whole semester, thank you so much from the University of Cape Town South Africa.
I wish our teachers also came to class with AC/DC belts
Mr.clifford you are and you'll always be my bestest teacher of economics.. 🤟😎I have seen no one till now, who has literally eased this subject "economics" to this extent... 👏👏👏😎
I had to pause and write it down to fully understand but this helped a TON!
Thank you for condensing so much info into one 5 minute video. I hope I'll be ready for my test tomorrow :)
Fantastic explanation of the multiplier effect in only five minutes.
I have a Korean teacher, and well, if you know Koreans, imagine one teaching...simply said, you are my angel!
Professor been trying to teach me this for 8 weeks. I watched this for 5 minutes and the lightbulbs went off! As an economics major! Thank you!
Before I started watching your videos, economics was confusing and sometimes boring, but now that I have started watching your videos it couldn't be any more fun.
I wish i had a great teacher like you. you are awesome man! Thank you so much for putting that much passion into this.
this was so much clearer than what my class taught my goodness
damn watching this the night before my ap macro exam sir bless ur soul for making these videos literally saving my life considering i know nothing about economics or whatsoever before
Jennifer Yu OMG SAME
Haha same now I'm watching before taking my macro exam online smhh #classof2020
I love this man a lot. He's a real lecturer. He is genius and funny. Amazing🥰🥰🥰🥰🥰
Listen I have traded stock, stock options, and currencies (only a year on currency once refco went under and stole my 1000, it was losses anyway mostly but. I'm back in school taking macro. the kynesian chart my teacher used same ag demand shifts to left, equilibrium and price point 1 and 2 chart 100 times. My point is everyone this guy knows his stuff and smart enough while being creative also to get you to stay with him till you get it. I click on you first man if your available and at 44 years old just want to say thank you. I have my macro exam today, last one of the semester and need a calculator, will do my best without one.
Bottom line, math wise, 20% of macro was obvious to me with 15 yrs cnbc viewership but mathwise was lost in class till you. Thank you, I might still get a D but I'm trying for a B and praying for a C. Wish me luck man. Teachers don't get enough credit how important they are, makes me want to be a teacher instead of a hedge fund mgr that is my dream.
Clever intro. Thanks for helping us get through Economics class.
I have only just found your videos today, but they are extremely concise and informative. Please continue to make more videos!!!
Sir, your videos are blessings in disguise, so much informative and so clear to understand tnx a lot for all the time and effort you put into making these videos
Your teaching really saves me. Thank you so much
Dude I cant thank you enough for this
I could never understand this until now
+ash da You are welcome. Please subsribe and tell your friends
Done that long ago ago :)
I have an economics exam on 10th December, your videos are helping alot since I'm on self study
oh my god! havnt thouht yet that we can study economics like this.. Enjoyed a lot.. the best teacher ever..!
Your videos have saved me in my class. My teacher puts them instead of teaching anything lol
Maria Karla Gonzalez smart! He explains it... clear
Same
Just amazing explanation.It's quick and clear at the same time.Keep it up
my test is tomorrow and here I am cramming everythingggg
The Austrian school of economics is the correct school of economics. We would have no business cycle if interest rates were artificially low. This leads to speculation and the misallocation of capital.
who's this guy he's on a whole new level
wow l can't believe am starting to understand eonomics better than before, good work cliff.
favorite econ teacher ever!
Wow you're amazing
You helped me understand the multiplier effect in 5 minutes
Tonnes of love from India!
You're awesome, Jacob.
+namrata singh Prepared for boards exam?
I like your fun upbeat delivery
I think Hazlitt destroyed the concept of the keynesian multiplier in The Failure of the New Economics
You are an angel of economics
You make me a better lecturer. You're annoyingly amazing
This 5 minute video helped me understand what my economics teacher couldn’t explain in 45 minutes…
It's a great day to learn Economics! Your videos have saved me!
Thank you so much. If t lectures or textbooks were like your presentation, students would do a lot better. Your awesome!
Over here in the UK at university and find these videos extremely helpful, thank you !
This is why I think a ubi would be a fanominal idea.
It could help so many people out of poverity, and with it as a safety net people would be willing to spend more. Thuse this would increase the rate at which people exchange money for goods.
It would likely cost 3 trillion in the begining but could easly make that up and grow the over gdp in no time.
Also people would feel more secure and as such willing to spend more making are econamy & workers more productive.
going to major in animation/film and the entrance test has economics in it :" This is a total lifesaver!!
I'm from India and we study these concepts in school glad that y'all learn this in college btw jcob you're one of the best best economic teachers
Finally someone talking economic things at a tolerable pace.
Ur the best dude
You're life saviour Sir
Much respect
Thankyou 😊
Im a 34 year old British man and i loved it. Not studying for anything, just a thirst for knowledge
thanks for the video! i was struggling in macro for a month until i found ACDC Econ.
IM SO GLAD YOU POSTED THIS BC I HAVE A TEST TMR
+Mizuki Tokisaki Good luck
wow,,,, this saved my life,,,, thank you!!!
Thank you so much Jacob Clifford you're the best.
SOOOO helpful ^_^ thank you. I agree. You make so much more sense than my professors and you even bring more enthusiasm _ which is definitely needed for this subject.
+Lo Brown Thanks. Please make sure to subscribe and tell your friends:)
you make my studying a lot more easier...thank you so much
Saving asses since 2007, thank you sir
The bst econ teacher ❤👌
Your video Helped alot in my assignment.😊😃
u explained it all a million times better than my teacher
Clifford casually being a hero when I'm trying to remember the parts of macro I forgot before the AP test 😭
Thank you so much for your videos! You're so great at explaining econ concepts. Econ hero.
+Liora Epel Thanks Liora. Let me know if you need me to cover anything.
l love this guy he has made my life easier. he is a life saver
Hey Mark thank you so much for sacrifice your time to teach us incompetent students. I know you are busy with your venture capitalist things plus having to lead Maverick to win the champion, thanks again
life saver for 10th grade too. I just needed to learn about the basic about what is THE MONEY MULTIPLIER, but i got the whole overview.
Thanks
Good teacher. I love every video that you make. They give a sens to my ecomics courses. Thank you so much
You really are so helpful :) I really hope you continue ACDC Econ not just Crash Course. This covers more useful topics for college econ
GET IT!
Thank you Jacob, you makes ECONS easy and simple :)
+waleed harbi Great. I'm glad it makes sense.
I wonder why this guy wouldn't work for a college instead of high school. He's by far a better teacher than most professors.
When I’m in class I don’t understand a thing but once I get home and watch one of your video it makes sense. Thank you for saving my gpa lol
I love him.... He is the best. Love his energy