Economics in One Lesson (in the 21st Century)

Money and banking have confused a lot of economists, not to mention other people, over the years. The One Lesson helps us to make sense of what's going on, by getting us to see how everyone's net worth changes at each stage in money's journey from its creation to its destruction.

Many of the complexities of economics go away when we consider how decisions and actions affect each person's net worth. The results are astonishingly simple and intuitive, allowing almost anyone to engage in economic debate, and to know when they are being deceived.

There is no fallacy of composition when it comes to net worth!

Gold coin image by Alexas_Fotos from Pixabay:

https://pixabay.com/photos/nickel-24-karat-coin-gold-bull-2815980/

"Money as Debt" film by Paul Grignon:

https://www.youtube.com/watch?v=6pW9rlOKuhk
https://www.youtube.com/watch?v=c62p6WFwtH4
https://www.youtube.com/watch?v=N2aQ9hk5fCE
https://www.youtube.com/watch?v=qoPsgRwdg6I

Is destruction really good for the economy, as many economists and pundits claim? Here is what the One Lesson tells us about Frederic Bastiat's Broken Window parable.

The analysis in this video is relevant to natural disasters and car scrappage schemes, as well as vandalism.

This video explains a single economic lesson, which lets you judge for yourself what other people are saying about economics.

Future videos apply the lesson to a series of questions and scenarios.

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Created 5 months, 2 weeks ago.

3 videos

CategoryBusiness & Finance

Understand what you need to know about economics in a single lesson!

Dissatisfied economics students and truth-seekers in general will find this a useful resource for understanding what's wrong with both orthodox economic theory and many of its challengers.

Many of the complexities of economics go away when we consider how decisions and actions affect each person's net worth. The results are astonishingly simple and intuitive, allowing almost anyone to engage in economic debate, and to know when they are being deceived.

There is no fallacy of composition when it comes to net worth!