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I think this is about the stupidest comment I ever received.
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Mike Norman considers the following as important:
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I think this is about the stupidest comment I ever received.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Lars Pålsson Syll writes Debunking the balanced budget superstition
| I think this is about the stupidest comment I ever received. |
Yikes! Tesla said the earth is a realm……..we need to audit the looters who did NOTHING to earn their fortunes like almost everybody in Government
Well said Mike!
There are plenty of idiots out there still and it's hard not to get wound up by their idiocy.
"I know that most men — not only those considered clever, but even those who are very clever and capable of understanding most difficult scientific, mathematical, or philosophic, problems — can seldom discern even the simplest and most obvious truth if it be such as obliges them to admit the falsity of conclusions they have formed, perhaps with much difficulty — conclusions of which they are proud, which they have taught to others, and on which they have built their lives."-Tolstoy
Add in an element or moral righteousness.
That idiot should watch Finding The Money heaven forbid you might actually learn something
https://www.youtube.com/live/Vllp3J5pf6A?si=J9TPts1E_dm3vB5A
Steve Grumbine describes MMT very simply. I’m not the smartest person by any means but even I get it
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So Mike you BELIEVE the earth revolves around the sun? You BELIEVE the moon revolves the earth
@@frankperrott6048 😂😂😂😂😂
Great weekly MMT Report yesterday! Great work Mike! You always deliver the right stuff! Thanks again for all you hard work Mike! Peace
I just don't understand why you concentrate on the haters, when you have genuine followers who ask you questions, but you ignore them. If you answered, it would give you so many ideas for more topics, and you wouldn't repeat the same thing over and over (surely that would be more interesting for you too?). I don't mean to sound ungrateful, because I've learned so much from you, but it's frustrating from a viewer's perspective. If you want to really grow your channel, you'd move it in the direction of your audience.
@cryptoniteclark
To be honest I kind of agree. Obviously he had no obligations to us, but yeah in general good faith questions and requests for detail are ignored , while the same dopey criticisms are run into the ground.
Mike
It’s not a stupid question. I actually thought that before watching your videos. Won’t be the first or last time I will be stupid.
Can you explain what situation or when MMT won’t work. What if we have a bond market problem like Europe??
MMT cannot overcome resource scarcity.
The US has a floating fx rate, the EU a fixed fx rate. This means their bond markets & interest rates function differently.
Basically, the US has more room to manouver than a Euro nation
A question like that indicates a low level of thinking and reasoning. Maybe he assumes that the government printing money is like handing out coupons for free, or is somehow an adjunct to some "real" money from some other source. Why didn't the guy just ask if you believe in a fixed money supply or maybe a moneyless society? The big problem is, thanks largely to Ron Paul, that so many people are deeply steeped in the notion that "printing" money automatically expands the money supply and that expanding the money supply is automatically hyper- inflationary. It is a favorite stupidism of mostly conservatives/Republican Congressmen.
Ahh that actually makes sense. Thanks guys. I is learning….
Mike you attempt to describe how the current systems mechanics works. He was questioning the morality of the whole issue. Fractional reserve banking and money creation is real, but is it beneficial in the long run, I think is what he was getting at.
Philosophicaly speaking what kind of behavior does this create.
Desiring sound money is not a crime or being irrational
@@jasonborges9752 is keeping score in a football game morally beneficial? That’s basically the silliness of the premise of your question. It’s obvious you’re stuck on dogma and refuse to be educated. There’s no such thing as “sound money.” It’s a ridiculous concept.
You may be correct there is no such thing as sound money, but people want to invest their labor in goods tha retain value and necessity over time. A bill from a country is not what comes to mind
Bitcoin comes close and bricks is wants to peg material value to currency gold and materials
@@jasonborges9752 This is an even more immoral, unsound form of money. Money is everywhere and always backed by tax enforcement. If you set an exchange rate between your currency and a specific commodity, or just make your currency the commodity itself, you are still threatening to point guns at your population if they don't aquire the quantity of the standard commodity of taxation demanded to pay the taxes levied. But under a commodity currency, you now force an inordinate amount of society to invest their resources into creating massive stockpiles of commodities to act as a reserve basis for all trade in the economy. So you just waste that much more resources to build and maintain that commodity reserve. So you are still pointing guns at people and demanding they give you shit, and thereby value that shit more than they otherwise would, just like we do with a fiat currency, but the shit that they are demanding is even HARDER for the average person to aquire than it was before, because it has become that much more expensive to create and manage money, and they have to pay extra fees to whatever institution will now build and manage those commodity reserves on their behalf.
@@jasonborges9752 in a gold standard or fixed fx, the gov cant stabilise the economy.
This is because they have to defend their gold position & therefore lose control over interest rates.
If either 2008 or 2020 happened under a gold standard, you’d have seen a depression that would have made 1929 look like utopia
I guess 'money printing' means currency debasement
KO in the 1st round.
Mike, "money printing" and "debasement" are terms the Bitcoin crowd uses bc Bitcoin has a maximum fixded supply of 21MM coins, so the supply can't be inflated. i think you are attracting crypto folks to your channel.
Max Cady.
Only kidding Mike !
Money and Currency are different…..there in lies the problem..
gaslighting more
So in other words yes he believes in mmt because he believes that's all there is. Do you think we're going to have a constitutional standard like the gold standard😂. They wouldn't be able to take half of your wealth every 4 years if we went back to the gold standard we will never go back to the gold standard
Keep talking your talk Mike, I enjoy every word. I would feel vulnerable to the winds of the markets without your input. Thanks for taking the time to opine.