Youtube hearted comments of Econ Lessons (@EconLessons).

  1. Native Poles have more kids. Ukrainians will return to Ukraine and send money back.
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  2. The whole economy of Russia is like 1.7 trillion dollars. Not Budget but whole economy, Out Defense budget is almost that. That's a small economy. They just talk big.
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  3. Yes another great metaphor, like leaves in the fall.
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  4. Whole history of his life was consistently amoral.
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  5. People adjust. People are flexible, and fluid when it comes to economics. Even the consumer has a substitution effect. When beef is up people consume, chicken, pork or beans etc. They grow their own food like I do. Entrepreneurs are even more responsive to anticipate trends.
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  6. Human weakness causes great suffering to individuals and society as a whole. However, is one is aware about the meaning of this life, than one finds strength to move mountains.
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  7. Poland did do that and liberated Moscow.
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  8. Concisely said, time for Germany to try harder.
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  9. Is it because of poverty or lack of parent attention? My Grandparents were Serfs in Eastern Europe and pretty smart. My Father grew up during the Great Depression and sleepton the floor with 8 people in one room, his is a multimillionaire. My wife grew up in communist Poland and 6 people in one room. She is super educated. My friend's family shared a room with a family 400 square feet 2 families and his is a brain surgeon and a phd. Bobby Fisher the chess champ's mom was a homeless single mother. I am in Poverty technically as I work on my PhD my kids are almost 100% in height compete in Chess and have a ranking and are multi lingual. You have to factor out other things. Outcomes are related to parent involvement and idealism. The poor in the US have cell phones and flatscreen TVs I even heard that some of them do not even grow their own food?
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  10. I a super fit and train,what are you talking about?
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  11. I could create a whole series of videos on this Nerfgunsandpancakes :) First, Ukraine will prevail as light wins over darkness. But remember the concept of creative destruction, this was written about by Joseph Schumpeter, the Austrian economist 100 years ago. This posits that innovation leads to the obsolescence of existing economic structures and you are right that things will shift and some jobs not lost but displaced.. Hence, creating opportunities for new forms of economic activity. Artificial Intelligence can be analyzed through the lens of creative destruction to examine its effects on world economies. Consider all these positive effects of AI! Increased Productivity: This is my biggest point, AI automates routine tasks, thereby increasing efficiency and productivity. This not only benefits individual firms but also has a multiplier effect on the overall economy. Innovation: AI-driven analytics and problem-solving capabilities can lead to breakthroughs in various sectors, from healthcare and education to transportation and energy. This fosters a culture of innovation, generating new industries and economic opportunities. Global Competitiveness: Countries that invest in AI technology may gain a competitive advantage on the global stage, attracting more investment and creating high-value jobs. This is what I mean when I say comparative advantage. Resource Optimization: AI algorithms can optimize the use of resources, reducing waste and enhancing sustainability, which in the long term can contribute to economic stability. Data-Driven Decision Making: AI's ability to analyze big data allows for more informed decision-making, leading to better allocation of resources and improved public and private sector governance. Customization and Personalization: AI enables the customization of products and services to individual needs, creating new market niches and expanding consumer choice, which can stimulate demand and economic activity. Supply Chain and Logistics: AI can significantly streamline supply chain and logistics, reducing costs and time, thereby making markets more efficient. Increased Consumer Surplus: Advanced AI technologies may lead to a decrease in costs of goods and services, increasing consumer surplus and overall well-being. AI can be understood as a form of creative destruction based on the history of economics. While it may displace certain jobs and industries, its positive effects include increased productivity, innovation, and competitiveness, which have the potential to benefit world economies in various ways. Therefore, from a Schumpeterian perspective, AI serves as a catalyst for economic transformation and growth.
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  12. No directly but indirectly and productive energies are being diverted to other industries so domestic production is down for this.
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  13. I live in Eastern Europe much of my life. What are you talking about? What about the Amish? What about the pilgrims, they built homes with their own two hands. What are you talking about. What are you saying? Are you saying that falling prices in the housing market is good or not good? Cheap homes are good right?
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  14. Trump and Orban has a meeting in Florida, what really was said. Why did he meet with that dictator? Putin->Orban->Trump ->Mike Johnson. Is that correct?
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