Crash Course Economics

Crash Course Economics - Season 1 Episode 7 Inflation and Bubbles and Tulips

2016-06-09 10 minutes.
2.00 1 votes

Season - Episode

1 Season 1 Jul 08, 2015
0 Season 0 Jul 01, 2015

Overview

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.

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Popularity 0.4853
Language English