What is macroeconomics? A short introduction

Keep up the good work❤

macro the overview, or how the system works,, micro economics the details of specific actions,

Excellent work.. looking forward for more videos

Can I have an email to contact you to discuss on the matter?

U explained in very simple way :) thanks a lot !!

thank you sir :)

Me who wants to be a politician in the future visited this for exactly this purpose

The problem is simply greed and corruption. Cut that out then there's enough for everyone. Interdepence works, we all specialize in something and get good at it, then market forces work it all out. Govts meddling and corruption, and other greed and corruption at top levels wreck it for everyone. Inflation, devaluation through fiat currency money printing. Canada proved control by cutting off funds intended for truckers. China's control via surveillance systems, moderating free speech, human rights abuses... their cbdc and others, to be controlled at their discretion... the corruption list is long... these are the last days all right, peace all ✌️

Thank you

It's very useful continuing this kind of video will help people

I dont believe malls should die out. It deserved a revamp because exonomy was too rocky.

Thank you 🙏

incredibly informative, thank you!

best lesson ever!

Thanks

Thank you

You explained, quote,

"Fundamentally banks take the savings we
place with them and lend money on to
firms and businesses who want to invest.
The interest they receive allows them to
pay us interest on our savings
and for them to make a profit"

This is not the case though. The Bank of England explains the process banks use to lend money in the 2014 Q1 bulletin, and they specifically discuss the misunderstanding which you have made,

Quote, Bank of England,

"Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits."

"Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money."

In effect, the banks create new money and lend it to you on your promise to pay it back. That's it.