Crash Course Economics S1E7 - Inflation and Bubbles and Tulips
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In which Adriene and Jacob teach you about how and why prices rise. Sometimes prices rise as a result of inflation, which is a pretty normal thing for economies to do. We'll talk about how across the board prices rise over time, and how economists track inflation. Bubbles are a pretty normal thing for humans to do. One item, like tulips or beanie babies or houses or tech startups experience a rapid rise in prices. This is often accompanied by speculation, a bunch of outrageous profits, and then a nasty crash when the bubble bursts. People get excited about rising prices, and next thing you know, people are trading their life savings for a tulip bulb.
Released | Jul 08, 2015 |
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Runtime | 10min |
Genre | Documentary |
Actor | Adriene Hill, Jacob Clifford |
Director | N/A |
Production | Complexly |