Crash Course Economics
tv show

35 total episodes
-
1 seasons
First Aired July 08, 2015
Genres:
Overview
In which Adriene Hill and Jacob Clifford teach you all about economics.
Price Controls, Subsidies, and the Risks of Good Intentions poster unavailable
Price Controls, Subsidies, and the Risks of Good Intentions
Season 1 - Episode 20 - 0h 10m
Air Date
January 13, 2016
Overview
So, during times of inflation or deflation, why doesn't the government just set prices? It sounds reasonable, but price ceilings or floors just don't work. Adriene and Jacob explain why. Subsidies, however, are a little different, and sometimes they even work. We'll also explain that. Today you'll learn about stuff like price controls, deadweight loss, subsidies, and efficiency.