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Time English Language 2 Action
00:00
Today, we peer into a world where shadowy government stooges manipulate the levers of
00:06
fiscal policy from deep in their evil lairs.
00:10
They pick economic winners and losers and control the business cycle, creating recessions
00:16
and controlling inflation to serve their nefarious purposes.
00:20
Adriene: Waahah hah hah!
00:21
Nah, fiscal policy's a completely legitimate tool used by non-shadowy government officials
00:27
to correct the economy.
00:28
(Overlapping) Adriene: I'm Adriene Hill and I'm the host
00:30
of Crash Course Economics.
00:31
Jacob: I'm Jacob Clifford and I'm the host of Crash Course Economics.
00:32
Jacob: Stan!
00:33
Stan: You're co-hosts.
00:34
Adriene: Oh, co-hosts, awesome!
00:38
Jacob: Alright, yeah, whoo!
00:43
[Intro]
00:44
Jacob: I'm Mr. Clifford; and I'm a high school economics teacher and YouTuber, and I'm gonna
00:48
focus on teaching you the theories and graphs of economics, you know, the textbook stuff.
00:51
Adriene: And I'm Adriene Hill; I'm a senior reporter for the public radio show Marketplace,
00:55
and I'm gonna focus on showing you the real world applications of economics, you know,
00:59
the good stuff, the really fun stuff.
01:00
Jacob: Hey!
01:01
We're both fun.
01:02
Adriene: 911, what's your emergency?
01:03
Jacob: My house is on fire, how much do you charge to put it out?
01:05
Adriene: It'll be $10,000, what's your credit card number?
01:07
Jacob: Economics is not the study of money or getting rich, although, understanding economics
01:10
can help with that, and economics is not primarily about men in bow-ties forecasting what will
01:14
happen in a given market or the overall economy.
01:16
Economics is the study of people and choices.
01:18
Adriene: We can't promise you that learning economics will make you wealthy, but we can
01:22
promise that learning economics will enlighten your mind and make you a more informed decision
01:27
maker, and that makes us all better off.