1
00:00:00,120 --> 00:00:06,910
Today, we peer into a world where shadowy
government stooges manipulate the levers of

2
00:00:06,910 --> 00:00:10,840
fiscal policy from deep in their evil lairs.

3
00:00:10,840 --> 00:00:16,680
They pick economic winners and losers and
control the business cycle, creating recessions

4
00:00:16,680 --> 00:00:20,230
and controlling inflation to serve their nefarious
purposes.

5
00:00:20,230 --> 00:00:21,990
Adriene: Waahah hah hah!

6
00:00:21,990 --> 00:00:27,180
Nah, fiscal policy's a completely legitimate
tool used by non-shadowy government officials

7
00:00:27,180 --> 00:00:28,480
to correct the economy.

8
00:00:28,480 --> 00:00:30,100
(Overlapping)
Adriene: I'm Adriene Hill and I'm the host

9
00:00:30,100 --> 00:00:31,770
of Crash Course Economics.

10
00:00:31,770 --> 00:00:32,899
Jacob: I'm Jacob Clifford and I'm the host
of Crash Course Economics.

11
00:00:32,899 --> 00:00:33,899
Jacob: Stan!

12
00:00:33,899 --> 00:00:34,899
Stan: You're co-hosts.

13
00:00:34,899 --> 00:00:38,100
Adriene: Oh, co-hosts, awesome!

14
00:00:38,100 --> 00:00:43,019
Jacob: Alright, yeah, whoo!

15
00:00:43,019 --> 00:00:44,249
[Intro]

16
00:00:44,249 --> 00:00:48,350
Jacob: I'm Mr. Clifford; and I'm a high school
economics teacher and YouTuber, and I'm gonna

17
00:00:48,350 --> 00:00:51,949
focus on teaching you the theories and graphs
of economics, you know, the textbook stuff.

18
00:00:51,949 --> 00:00:55,079
Adriene: And I'm Adriene Hill; I'm a senior
reporter for the public radio show Marketplace,

19
00:00:55,079 --> 00:00:59,229
and I'm gonna focus on showing you the real
world applications of economics, you know,

20
00:00:59,229 --> 00:01:00,920
the good stuff, the really fun stuff.

21
00:01:00,920 --> 00:01:01,920
Jacob: Hey!

22
00:01:01,920 --> 00:01:02,920
We're both fun.

23
00:01:02,920 --> 00:01:03,920
Adriene: 911, what's your emergency?

24
00:01:03,920 --> 00:01:05,320
Jacob: My house is on fire, how much do you
charge to put it out?

25
00:01:05,320 --> 00:01:07,590
Adriene: It'll be $10,000, what's your credit
card number?

26
00:01:07,590 --> 00:01:10,690
Jacob: Economics is not the study of money
or getting rich, although, understanding economics

27
00:01:10,690 --> 00:01:14,470
can help with that, and economics is not primarily
about men in bow-ties forecasting what will

28
00:01:14,470 --> 00:01:16,750
happen in a given market or the overall economy.

29
00:01:16,750 --> 00:01:18,930
Economics is the study of people and choices.

30
00:01:18,930 --> 00:01:22,550
Adriene: We can't promise you that learning
economics will make you wealthy, but we can

31
00:01:22,550 --> 00:01:27,500
promise that learning economics will enlighten
your mind and make you a more informed decision

32
00:01:27,500 --> 00:01:29,250
maker, and that makes us all better off.