In this video, I explain what happens when the government imposes a price ceiling on a cup of coffee. I show you how to calculate the consumer and producer surplus for a price ceiling, and I use graphs to show the deadweight loss caused by a price ceiling and the shortage that results. The converse would be applied to a price floor. This video is helpful if you are taking microeconomics or macroeconomics or if you want to better understand the effect of price controls on society. . ... https://www.youtube.com/watch?v=2AQS_rBFqa0

This videos explains reasons why the supply curve shifts. It may seem similar to demand curve shifts, however, conceptually different ideas. An important point is not to confuse supply curve shifters with demand curve shifters. Also be able to distinguish between a movement along the curve (relates to price) and a shift left or right. These are the key points your teacher will ask about. However, after you memorizes these and can use them in an example, try shifting the demand and supply curves simultaneously. This is ultimately at a college level you will need to know how to do. Shift supply and demand based on an example. The teacher might give you criteria in an example and it will be your task to shift the demand and supply curve. I hope you like my videos. ... https://www.youtube.com/watch?v=aBo-oxGUl24

https://political-economy.com/ The US Federal Reserve uses models to describe, predict, and steer the US economy through monetary policies. There is only one issue. Their models are wrong. Their models are based on aggregate time-series data and less accurate than weather forecasts. For example, Fed/ECB targets PCE headline inflation at 2%. This is one measure they use in the models to macro engineer the economy and ultimately your economic life to some extent. Yet here is an example of an academic article that shows deflation is a symptom of a healthy economy. This contradicts the Fed Mandate of a 2% inflation target and the Dual Mandate. https://link.springer.com/article/10.1007%2Fs12113-003-1007-1 Salerno, Joseph T. PY - 2003 DA - 2003/12/01 TI - An Austrian taxonomy of deflation—with applications to the U.S. JO - The Quarterly Journal of Austrian Economics I cite others in my video and can reference those if you like. ... https://www.youtube.com/watch?v=yd7LyTdT6Vo

What was it like to live under Communism? Economically life might have been challenging but in the countryside at the same time sweet. This is an objective account of what it was like to live under Communism. Socialism and Marxism are not Communism. Communism was a surreal experience that has echoed through the generations shaping our world today. Specifically, this is about the experience in Poland, in a village, and how Moscow or Russia imposed this system rather than a choice. The system was inefficient and poor and wreaked havoc on the environment. Yet the human spirit prevailed, and individuals could find beauty, hope, and innocence in daily life during Communism. *Questions about Communism* 00:13 Why was there communism? 00:42 Were people poor under communism? 02:05 Was life better in the countryside or city under communism? 05:20 What was communist propaganda? 06:13 What did people think of the United States under communism? 07:23 What could you buy under communism? 08:56 Could you buy chocolate under communism? 10:23 Did you have freedom under communism? 11:00 Why did communism fall? *Free PDF Downloads of Economics books Relating to Communism* Communist Manifesto - https://political-economy.com/communist-manifesto-karl-marx/ Karl Marx Capital - https://political-economy.com/capital-karl-marx/ Adam Smith's Wealth of Nations - https://political-economy.com/wealth-of-nations-adam-smith/ ... https://www.youtube.com/watch?v=v1g_AD5Ejj4