What is money? Hi, I am Joeri, and that is the question that one of the most intense debates in economics today centres around. In this debate there are basically two positions. On the one hand, proponents of the commodity theory*** ***of money argue that only money that is made... [Read More]

Hyperinflation …. As the most popular economics channel on YouTube, Economics Explained calls it is: “game over” for any economy. Therefore, if this massive channel makes the case that the US dollar has secretly declined in value and that the country is plausibly on the brink of hyperinflation, we should... [Read More]

Both the US and Dutch economic models are those of mixed capitalist economies where the means of production are largely in the hands of private parties and where governments also play an important role by regulating markets, providing essential social services, and re-distributing wealth via taxes. Beyond that, these two... [Read More]

Inequality is one of the most important topics in economics today. So, I have to say that I, as a Dutch economist who works for a South African University, I was absolutely shocked when I saw this video from Economics Explained (also known as EE) which had the following to... [Read More]

Up to 2019 it was circulating happily in the Lebanese economy. Sure, Lebanon was consistently importing far more than it was exporting, and as a consequence, money was consistently flowing out of the country. But, luckily, Lebanon had a massive banking sector that was able to attract money far and... [Read More]