What Would The American Economy Look Like If COVID Never Happened?

0:00 - 1:16 intro
1:17 - 2:08 Morning Brew
2:09 - 4:17 Trade wars
4:18 - 6:24 Global financial crisis
6:25 - 8:08 Stimulus
8:09 - 10:30 Supply side shock
10:31 - 12:45 Zombie companies
12:46 National leaderboard

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[AviationAustin]

Hard to believe that the US hasn't been put on the ranking list yet given there has been so much discussion about its economy on the channel. Congrats on the 2M! Keep up the great work!

[hamalakarris]

"My home of Australia"
*shows the New Zealand flag*

[henrifunke]

It's rare to find a channel that consistently uploads such well put together and researched content.

[scott]

7:23 “My home of Australia”…proceeds to show the flag of New Zealand

[jarenherald]

Even while acknowledging it’s problems, you have to admit the USA is a powerhouse.

[FlintIronstag]

Now that the US is on the National Leaderboard, it looks like it will only be a battle to see if some other country can beat Ireland for second place. Maybe Germany or Switzerland?

EDIT: November 19, 2022 Switzerland is added to the National Leaderboard in third place behind Ireland. Funny that Switzerland has a GDP of $813 billion and Ireland had a GDP of $398 billion, but he gave both countries a 7 in that category. Seems like Switzerland deserved an 8.

[shinnaay]

EE testing his audience on Australia 😂

[mahnamahna]

I have a big problem with using office supplies as an example.
McDonald's was open and my local sandwich shop was forced to close
Walmart was open and my local nursery was closed
Starbucks was open and my local coffee roaster was closed
Liquor stores were open but my local distillery was closed (my locally distillery DID make hand sanitizer when we couldn't buy any anywhere else. They donated a lot if it. Then...of course we're issued fines 🙄)
The list goes on of how small and medium business were forced to close while large corporations could stay open
Disgusting

[knpark]

I find this approach you compared and contrasted 2008 with 2020 very enlightening to me, because what I can think about this video is that the least economically affected countries during the pandemic are indeed countries who could maintain the most "business as usual" activities in 2020 and 2021. Taiwan, South Korea and Japan losing less economic output in 2020 and suffering less inflation in 2022 now makes a lot more sense with this context.

[shrek]

Interesting commentary on how COVID ended up just speeding up the economy. This is a well-known relationship in Psychology as well. High-stress, high impact events tend to accelerate social outcomes and life decisions as people come to terms with mortality and the real possibility of things being rapidly shaken up. More people get married, quit jobs, and start businesses during and immediately after high turmoil events.

[sevalrathod]

Interesting 'Australian' flag you've got there 7:25

[Jusangen]

10:10 idk what happened but you made this so understandable my mind is a little blown! So cogent and articulate - that’s what I love about your videos! Keep it up and thanks for posting.

[lifesacardgame]

As a causal economist who likes what-if scenarios this was great. Please keep them coming.

[dawnbringer]

The issues of covid supply chains wasnt just the restrictions, many companies prioritize profits to the point of gutting any unused capacity and neglecting infrastructure like American freight rail is suffering from. Once a ahock hits them they collapse and lobby for bailouts, so most money is put back into the pockets of the rich. Instead of the money going to the people and letting the badly managed companys go out of buisness like they should.

[badgerx]

Absolutely love this channel, consistently putting out well rounded, concise and interesting videos on topics typically considered boring and mundane. You do a fantastic job of truly showing how exciting and engaging economics are and I applaud your excellent execution. Keep it up!

[thatguythere]

I’ve been waiting for the US to be ranked and boy it didn’t disappoint. I knew it would probably rank first but I’m glad this settles it.

[Ajibolaa]

Unfortunately we’d never probably stop talking about the effects of Covid. Same way we haven’t stopped talking about the effects of the black plague or the Spanish flu.

[Auchioane]

great video like always, would love to see a video on the macroeconomics of working from home like you hinted at :)

[alfamaize]

It sure is nice to see someone point out that we live in a demand side economy. So all of the politicians who claim they will generate jobs, or how corporate tax cuts will generate jobs, etc- jobs are created when demand for stuff increases to much to make more and better stuff. And jobs are dropped when that demand goes down.

[tywbin]

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market.