Monetary and Fiscal Policy: Crash Course Government and Politics #48

Today, Craig is going to dive into the controversy of monetary and fiscal policy. Monetary and fiscal policy are ways the government, and most notably the Federal Reserve, influences the economy - for better or for worse. So we’re going to start by looking at monetary policy, and specifically how the Federal Reserve uses interests rates as a means of controlling (or at least attempting to control) inflation. We’ll then move onto fiscal policy - that is the government’s use of taxation to raise and spend money. It’s all, well, pretty controversial, but as it seems Americans hate taxes the most, monetary policy is most often used - meaning that the Federal Reserve plays a hugely significant role in steering the U.S. economy.

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[SeanArguello]

Hi people who have to watch these videos for homework!

[verdatum]

There should seriously be a Crash-Course Govt & Politics / Crash-Course Economy crossover, where all 3 of you get together...but. This stuff is shot ages in advance, so probably far too late for that idea...Now I'm sad.

[figarofog]

I used to think religion was controversial. It has nothing on politics, mainly economic policy.

[darthforexvader]

your energy of teaching is awesome!

just wondering if there is a way to forecast fiscal and monetary policy mathematically ?

[CosmicZephyrus]

Even with this help, i still am going to fail my Government and ECON. class. I hate government! So complicated.

[gorgranath]

10 nuggets for $1399? what a bargin!!!

[claire]

This show is the only thing that has ever made me want to learn about Government. You make it not boring. :)

[kawaiimiranda]

He makes learning about our government a fun thing

[YourDailyDutys]

Thanks Wheezy for always keeping me informed so I can kinda know what they're talking about when I listen to NPR.

[max-de-boer]

I know Craig was sarcastic at the beginning of the video, but as I am writing my Master Thesis on fiscal policy I was actually looking forward to this topic! Gret job Craig! <Pulls Partypopper>

[summondadrummin]

Watch: The Money Masters, Money As Debt, The Money Fix. Look into Public Banking, Cooperative Banking, Monetary Reform. Look up the talks of Richard Werner and Bernard Litaer

[williampryor]

Supply side economics was never really accepted by economists from what I understand. They took the principal that generally tax increases reduce private spending to the nth extreme and created the largest income gap since just before the great depression.

[imtiazbhuyan]

could you do videos like these that apply to the UK government.

[bsktblmasta]

what year was that $8T debt clock from? Over $21T by 2018.

[ohgodmynutbladder]

"discretionary spending; when people call for cuts to government spending, this is what they mean"

no. We are talking about cuts to entitlement spending, ie mandatory spending. Or both, ideally, but entitlement spending is the larger of the two.

[TheFireflyGrave]

The Econ folks are making so many cameos you might have to start putting them in the credits as regular cast members.

[Laharal]

Just a thought here: since 2 new CC series are coming out (physics and philosophy) might we get a CC on international politics? As we had american history and 2 world history, I think international politics would enable people to broaden their views and put them into perspective. And instead of punching eagles Craig (if he is qualified for int. pol.) could punch many other types of birds ;) )

[Somberskyy]

Hi people who are watching this because of social distancing

[Millysmile]

This video is great, however - from an educational standpoint, I think some of these concepts should have been fleshed out a little more or 'dumb-ed down'. Economics in general is more abstract and takes some time to wrap one's head around. Otherwise, great crash course :)

[hanguyentrinh]

Thank you! This helps me a lot! Please make more videos like this to share knowledge!