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Sunday, September 22, 2024

Vejas Liulevicius: Communism, Marxism, Nazism, Stalin, Mao, and Hitler |...

Contextual history of western capitalism/communist divide. 


The real question becomes why do they think that individualism and collectivism are incompatible? 

Elon Musk | All-In Summit 2024


Truth about Government Waste and Regulations with Solutions. 

Friday, September 20, 2024

U.S. Inflation Frustrations & Potential Solutions with Jon Stewart, Kitt...



I love John Stewart and especially like all the work he's done to communicate about the Macro-Economic problems during and after the fact, over the decades. What these discussions always seem to neglect to acknowledge about inflation is that IT IS NOT DEPENDENT UPON THE AMOUNT OF GOVERNMENT SPENDING!

MODERN MONITARY THEORY clearly shows that INFLATION is a direct result of the QUALITY of the government's INVESTMENTS. If they waste money (such as corporate tax cuts, wars, or giving free loans that are forgiven to millions of small business owners) then you get inflation. Suppose you INVEST money into valuable goods and services, such as infrastructure and education, healthcare and public housing. In that case, you get a RETURN ON INVESTMENT as people work more and better and create more value to drive up both the velocity of money and the total value in the economy all of which can then be taxed later to fix the deficit.

That said, John is absolutely correct that government should be a security blanket for a rainy day, not a giveaway to the corporate elite. The lack of Slack limits our choices. But a better solution to inflation would be to BREAK UP ALL THE MONOPOLIES and introduce competition that will lower prices.

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.