💱 Price System | Free Market vs. Government Intervention

Price system - free market vs. government intervention. What happens when the government interferes with the price system. Effects of maximum and minimum price. Learn Austrian Economics in a fun way!

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Music on CC license:

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[mohamadelghouti]

your videos are so good, but in my humble opinion you should try to work more on your voice, pronounce in a way that ull be able to catch the attention. unless you do not care about subscribers and so on. nyway best of luck

[WadcaWymiaru]

This is WHAT should be in TV every day and in Economy lessons...

[mountaintophomestead]

Straightforward and easy to understand. Thank you!

[carlosdavidsanchez]

lol i kind of agree but just in theory, in reality this distribution of products wouldn't hppen, the poorest people wouldn't be able to pay the 10$ bottle and would dehydrate, the end!

[geoffreymclean]

Brilliant videos. Explains the concepts clearly. Well done.

[yydd]

Hayek the free market champion
Actually supported minimum wage or minimum income

[somerandomguy]

"True freedom is just chaos in disguise"

[ymi_yugy]

Should the government intervene when a monopoly enables the supplier to set an arbitrary high price.

[joedepoyster]

Came for the knowledge, stayed for the song

[ThePostalGril]

4:00 there's literally a simple solution to that. the shop can just have a 2 per person policy.

[rockwithyou]

A video every kid in America needs to watch.

[kynchan]

The free market is wonderful. The competition forces everything to become more efficient.

[aryannagar]

Your videos are the best
How do u animate like this

[prescottmotley]

So when a company buys out every other company and makes it where a medicine is 1000 dollars but only cost a dollar to make. I guess you don’t want the government to step in .

[corey]

In this video, I'm seeing a lot of people protesting the free market and you're not offering solutions. The biggest problem with capitalism is its poor distribution, despite modern capitalist societies holding vast wealth. Ignoring the issue is not the way to solve this. Perhaps banning price gouging (stifling the free market) is appropriate in the water situation.

[asiandatu]

How about in our current situation where people were hoarding gloves and masks and increasing the prices 10x? I’m not arguing the free market but how would you describe that situation and how could that have been prevented?

[Salarr]

So are we going to completely ignore the concept of market failure???

[mohammadsareh]

Woe to the over charging sellers in the Resurrection.

[ZezolinkoDuarte]

why consumers would want to buy just 10.000 bushes for the old price, why they would not want to buy the total new supply of 15.000 bushes for the old price?

[melbourneopera]

The problem of marketing system is the healthcare would be incredibly expensive by additional insurance and profit for treating the patient of your countryman. Thus either you have covered paid healthcare or wait home to get magically cured or death.