Video Description

Check out to https://80000hours.org/moneymacro if you want a more meaningful, fulfilling career that helps solve some of the world’s most pressing problems. ---- If you appreciated this video, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via: https://www.patreon.com/moneymacro LIKE CHATTING ECON WITH ME? △ Follow me on Twitter: https://twitter.com/joerischasfoort △ Follow me on LinkedIn: https://www.linkedin.com/in/joeri-schasfoort/ △ I have a private Discord server for Senior and Chief economist Patrons / members. Otherwise I sometimes hang out in two Discord servers: SOURCES: I've linked my sources in the blog that goes along with this video. Links are in the text. https://www.moneymacro.rocks/blog Timestamps: 0:00 - introduction 1:39 - the promise of austerity 7:20 - sponsor 8:35 - the reality of austerity 11:16 - is austerity ever good? Attribution: - judge pictures from Wikimedia - Cameron videos from the YouTube channel of the conservative party - Drone footage shows hours-long queues at Dover from the Guardian Narrated and produced by Dr. Joeri Schasfoort Animations by Hugo (Into Europe) Thumbnail by Tom Hurling https://studiotomkin.com/ Neon sign from: https://www.neonlights.be/discount/M&M15