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Wednesday, April 24, 2024

Stephanie Kelton - “Finding the Money” & “The Deficit Myth” | The Daily Show

This is the first attempt I've seen to explain Modern Monetary Theory to the general public since the 2008 Bush Bank Bailout. It arises now because of the increased Federal deficit spending and subsequent inflation due to the COVID-19 pandemic. 

I think it is a mistake to dumb down the Economic explanation, and it's a shame this job was left to Comedy Central and the Daily Show to educate people. If they had started by explaining that the Government creates money by buying goods and services, and that money enters the economy and is multiplied by FRACTIONAL RESERVE BANKING to increase the money supply. Then they could have gone on to explain that the new $$$$$ created do not inflate prices, or deflate the value of the dollar, as long as the work created by spending the new $$$$$ into the economy is of value equal to the spending. So, as long as government investments are good and valuable, there is no risk of inflation, as the return on investments expands the total value of the economy to reflect government spending. 

Stephanie Kelton, bestselling author of “The Deficit Myth” and professor of economics and public policy, talks to Jordan Klepper and Ronny Chieng about changing our understanding of government spending through MMT, or Modern Money Theory. She also explains how the national deficit is not a number to be fearful of, but can be put to good use, and how government finance is far more flexible than you might think. #DailyShow #StephanieKelton #Money

Wednesday, April 17, 2024

Wednesday, April 10, 2024

Yanis Varoufakis explains how big tech is economically dominating your life

This is the most interesting economic discussion I've heard in a year, by a sociologist.

Saturday, February 03, 2024

Orlando teen invents device with potential to help 2.2 billion people

Raoul Pal's Warning On The US Dollar, Inflation, Debt, Web3 & An Upcomin...

This seems interesting, apparently, those with liquid wealth are trying to use crypto to mitigate the indirect tax imposed by inflation, but there is an alternate solution. 

Sunday, October 22, 2023

The Apes and Wall Street | The Problem With Jon Stewart Podcast

What is the ape movement?
The Emergence of the Ape Movement: The term "ape" has become synonymous with retail investors who are passionate about investing and reshaping the stock market landscape. It originated from the mantra "APE" (Act, Plan, Execute), which embodies the idea of taking control of one's financial future.

Thursday, September 21, 2023

Sociopath Businessman Tells The Truth About Capitalism

Employers are EXTREMELY lucky to have employees. Labor could just start their own business, and compete with any employer. Mask-off sociopaths are my favorite. 

DEF CON 31 - An Audacious Plan to Halt the Internet's Ensh*ttification ...

Mandatory APIs? Restore surprises (Mods, hacks, scraping, etc.) because investors hate surprises? "Adversarial Interoperaperabilit" - good government for capitalism (free trade competition)

Ethical Business = oxymoron.
"inshitification" = planned obsilesence.
Block mergers, unwind or break up corporations that are too big to fail.
Burn the corporations to create fertile ground for new competition.
Should Stock Buy Backs be illegal? It's just paying off unearned income owners.
Book: "The Internet Con"

Creative Labor is

Wednesday, July 12, 2023

Corporations Control Our Governments: Here’s How | Aaron Bastani meets Matt Kennard

Corporations Control Our Governments: Here’s How | Aaron Bastani via Support Novara Media:
Most of you will agree that corporations have undue influence over our democracies, but exactly how this influence is exerted is tricky to illustrate - and that is by design. Behind innocuous sounding acronyms and worthy sounding trade agreements are the real cogs that allow the global corporate machine to corrupt societies and our guest this week, Matt Kennard, has spent the last two years investigating these shady entities. In his new book, ‘Silent Coup’, he and co-author Claire Provost give us shocking examples of how corporations exert, expand and consolidate control over the lives of practically everyone. You can buy Matt's book here: ____________________________________________________ Support Novara Media for as little as £1 a month: Buy Novara Media merch here:

Tuesday, June 13, 2023

Richard Wolff: Marxism and Communism | Lex Fridman Podcast #295

Richard Wolff: Marxism and Communism | Lex Fridman Podcast #295 Lex turns himself inside out, and can't deal with the truth about capitalism and Marx's ideas. An excellent discussion of Marxism, Socialism, and Capitalism, but never mentions that Socialism is the END STATE of the Marxist dialectic, a utopian idea as realized in Northern Europe today. Richard Wolff wrote a book on the Rise and Fall of the Soviet Union, which details why Stalinist U.S.S.R. (like Mao's China) was NOT a communist democracy, but instead a one-party, totalitarian military dictatorship. This discussion is by far the best public discussion on Capitalism and Marxism in the past two decades.

Sunday, April 03, 2022

Pandora Papers: An unprecedented leak exposes the inner workings of worldwide corruption

The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021.[1][2][3] The leak exposed the secret offshore accounts of 35 world leaders, including current and former presidents, prime ministers, and heads of state as well as more than 100 billionaires, celebrities, and business leaders.