VehiclesFashionRecipesBlogsHuntTravelsSportFunHandmadeITEducation
Mini-Games
x

x
zakruti.com » Knowledge, science, education » Crash Course
The Underground Economy: Crash Course Econ #32

The Underground Economy: Crash Course Econ #32

FBTwitterReddit

video description

Rating: 4.0; Vote: 1
What is an underground economy? Whether you call it a black market, a grey market, or just the shop down the street, its about connecting people with goods outside of official channels. Some stuff happens in the underground economy because it's illegal, but a lot of the money that moves around this way is exchanged for pretty mundane goods and services. We'll talk about how these things work, and the awesome ways that economists figure out where all that money is Cho: I wonder if sneaking an extra barrel onto every truckload of oil you buy is considered black market if that oil is then processed with the rest and is pure profit? (There are many ways to make billions both above and below board and still appear ethical.
Date: 2022-04-04

Comments and reviews: 9


there is a difference in the terms of a private market(third party which this video lacks the explanation for, and anarchist capitalism, and a black market where the real illegal, impractical, immoral standards are practiced out of radar from bureaucratic statistics.
reply

Not that science will ever agree with economics, but:
Work = Force X Distance (and we aren't paid enough to get out of bed in the morning)
It is, however, quite effective in determining just how far you can push something and to what level of degree.

reply

Dodging taxes is still illegal and large scale tax evasion does hurt the nation with people benefiting off of social services without paying back in. I'm not saying it's on the level of El chapo or anything but it isn't a good thing either.
reply

People should be free to sell whatever they want. kidneys and all! To look down on someone that's poor and say -Aww. I feel sorry for you, you're so pathetic I'm not gonna let you be free enough sell your own body part-
reply

The more representative the government by Rule of Law, and the more Just its laws, the less a need for -shadow economy. - The more tyrannical and corrupt government is, the more -shadow economy- survives.
reply

The hypocrisy of your video is overwhelming. I don't have time to explain all of the wrong and backwards things that you've said. I'll never watch your videos again.
reply

Plsss sir I have full femily problem pls. Help me I sell my full body ports pls help me give me broker contact number my femily problem
I don't teck alcohol

reply

Thanks for the episode, but, please be away from the poor people who need to get living. It is better to focus on other sort of tax evaders, and big guys.
reply

The guy under the car at 7: 32 made me nervous - he really should have a jack stand under the car, not the flimsy car jack. Yikes! Great video, though!
reply
Add a review, comment






Other channel videos