Ratel | Econ Clips | Page 5 of 7

Fractional Reserve Banking vs. 100% Reserve Banking

Ratel2021-10-18T11:41:14+00:0020 July, 2018|

What is the difference between fractional reserve banking and full reserve banking? How do they work? Do they have advantages and disadvantages? Is one better than the […]

How is money created?

Ratel2021-09-05T20:09:39+00:0015 July, 2018|

Money creation: described by many as the biggest scam in the history of mankind; for others it’s a blessing and a driving force of the economy. For […]

Opportunity Cost | The Road Not Taken

Ratel2021-10-18T12:09:15+00:0013 June, 2018|

Imagine the following situations:

1) A young man enrolls in a tuition-free public university. From his point of view he gets the education for free. He […]

The Methodology of the Austrian School

Ratel2021-10-18T13:00:36+00:0030 May, 2018|

When we refer to the Austrian School of Economics, we do not mean an institution located in a building in Vienna, nor we mean the Austrian […]

A Petition – Frédéric Bastiat | Candlestick makers’ Petition

Ratel2021-10-18T12:57:59+00:0015 May, 2018|

A Petition – Frédéric Bastiat. Animation of famous candlestick makers’ petition by Frédéric Bastiat. It’s a great lesson about free trade, and a big blow to the protectionist […]

Price Discovery | How prices are determined?

Ratel2021-10-18T12:56:14+00:0020 April, 2018|

In our previous videos entitled “The Value of Things” and “Scarce Resources” we have discussed how value is a subjective phenomenon. Two diverse people […]

? Scarcity & Choice | Why Can’t We Have Everything We Want?

Ratel2022-02-22T12:18:20+00:005 April, 2018|

We live in a world of scarcity. This fact is beyond question. Our time, land, and work are scarce. Producer and consumer goods are scarce as well. […]

Housing bubble and the great recession | 2008 Financial Crisis

Ratel2021-10-18T12:52:53+00:0013 March, 2018|

Without a question we can all remember the financial crisis of 2007–2008. Perhaps you learned of its effects the hard way. The media told us that greed […]

The Great Depression | What Caused It?

Ratel2021-10-18T12:48:16+00:0019 February, 2018|

The Great Depression of the 1930s is still considered by many to be a failure of the free market and of the laissez-faire capitalism. At a first […]

Is Legal The Same As Moral And Just? | What Good Law Should Look Like?

Ratel2021-10-18T12:44:54+00:0013 January, 2018|

Freedom of the market doesn’t imply the absence of law. To the contrary: free market is impossible without good law. Then what function should the law fulfill? […]

About Ratel

What is the difference between fractional reserve banking and full reserve banking? How do they work? Do they have advantages and disadvantages? Is one better than the […]

Money creation: described by many as the biggest scam in the history of mankind; for others it’s a blessing and a driving force of the economy. For […]

Imagine the following situations:

When we refer to the Austrian School of Economics, we do not mean an institution located in a building in Vienna, nor we mean the Austrian […]

In our previous videos entitled “The Value of Things” and “Scarce Resources” we have discussed how value is a subjective phenomenon. Two diverse people […]

Without a question we can all remember the financial crisis of 2007–2008. Perhaps you learned of its effects the hard way. The media told us that greed […]

The Great Depression of the 1930s is still considered by many to be a failure of the free market and of the laissez-faire capitalism. At a first […]

Freedom of the market doesn’t imply the absence of law. To the contrary: free market is impossible without good law. Then what function should the law fulfill? […]