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funny stuff parroted by a self absorbed goof
The besst sanction that can west impose to Russia is , Russian can't inhale oxygen and exhale carbon di oxide , even it may not work. Anyway , i am against war in Ukraine but west imposed this war. West is equally war criminal.
The core of this problem is lack of financial literacy in our education system. We need to educate our young people now so that they can make better financial decisions later.
What a gathering of pro-russian political trolls, like flies to "honey" and giving each other supportive buzzing. Feels and smells the same way.
The fed is in it for the ride just like the rest of us. You can pretty much bet against anything these days, as long as banks/ casinos make their buck regulators will stay at bay. This game will continue until Uncle Sam loses his favorite toy then we can go back to building real products.
Solid lecture
👍
You've got to be joking. Bumpy roads int the US has to be the least important economic issue that INET has ever covered. Once poverty, unemployment, underemployment and economic exploitation and a zillion other more pressing problems have been solved, we should perhaps have a brief economic discussion about bumpy roads. What drivel!! Anything to distract and deflect from important issues.
Ed and maybe two of his PhD advisees find what he's saying intelligent. He sounds like he's preparing for a management consultant interview.
Is 8.1MM children dying of poverty every year (just a part of the annual Poverty Super-Holocaust) a "bumpy road"?
got it. Will avoid black neighborhoods
Yoo guys come and have a look, the new trailer for humanity just dropped!
kzread.info/dash/bejne/pKBtkq6ynq3FetY.htmlsi=pBQH51qLgZnFBFHg
Corruption has prevented any action on saving our selves don't say we weren't warned
A book which explores this concept further is Giorgos Kallis's "Limits: Why Malthus was wrong and why environmentalists should care"
Lower and middle class folks want more taxes on their income?
There is so much wrong with the protectionist argument it's like a mosquito in a nudist colony. Not sure where to begin.
The idea of a "free" market is a contradiction in and of itself. The competitive dynamics of a market create a tendency for accumulation of market share and consequently control of prices and the production of goods, meaning less "freedom" for others to participate and join the market. This tendency of centralization can only be fought by external "players" with enough power to control how resources are allocated for the production of society. This is what governments do, or at least should. The only possibility to have freedom in market dynamics is by eliminating the motive of profit and substituting it for the motive of supply, and as such change would destroy the structuration of the market, the freedom and the market cannot coexist.
18000 sanction, such idiot when follow usa order.
It sounds great to buy up all the surplus unemployed just like they used to buy up the surplus wool and store it in warehouses. But the unemployed are not like wool, and you can't store them in warehouses and deploy them at an opportune future time. And how is Prof. Mitchell's scheme different to the recent 'work for the dole' scheme, which did not have the wonderful results Prof. Mitchell claimed it should've had? I imagine it must be great to make a living creating wonderful hypotheses and theories that need not have any connection to reality. Just ask Prof. Stephanie Kelton.
Sanctions imposed against foreign NATO companies helped other countries enter the Russian market and partially replace goods from foreign manufacturers, and also opened the way for Russian manufacturers.
kzread.info/dash/bejne/Z4uIlq2jp9XHd6g.htmlsi=W0gPCCCGYWMs1BYy Infinite government spending doesn’t stack up with reality
Sanctions started in 2014 and not in 2022. 8 long years to implement self sufficiency policies.
Thank god we have these podcast interviews. None of these critical ideas we can get in the main stream corporate media.
Awesome...
Well we are now 10 years later and the Japanese economy is smaller than when this interview took place. Can we dispense with these nonsense ideas that the way to save an economy is to pump a bunch of cheap money into it??
fucking based robot
China is taking care of its own people as no other country has ever done.
There is nothing about the US that is worth emulating, exceptiions for jazz, then the literature of subjugation, and then material rubbish excess, ….. worst health system, lousy education, mass media propaganda, wholesale corruption…….. Trump is a red herring .
Dude he is so fucking wrong. If the government employs a ton of people who sit on desks the whole day, that doesn't increase the country's production, and just creates inflation. Moreover, if you ignore the country's budget and also print a ton of money, that also creates inflation. Sure, countries that have reserve currencies can get away with this more becuase other countries want to buy your currency, but you playing around with your country's reputation and image. Look at the inflation in the US, and you will see. One of the core principles of economics is that we live in a finite world.
The assumption of the “Unseen Hand,” that like a deus ex machina guides the free market toward upleveling the prospects of the entire society is rooted in the underlying notion of a beneficent God governing human affairs. It’s a fiction, as is the idea that “socialism” is ungodly, therefore bad.
Did i just listen to 20 minutes of someone describing why the circumvention of finacial regulatory structures, while being incredibly volatile and risky for everyone is ultimately novel, good and necessary?
yep. You too can buy credit-bubble dollars at rort prices. This kind of New Economic Thinking we DON"T need. After bail-outs by taxpayers and austerity policies slashing social programmes across US, UK and EU, with only minimum regulation of retail banking, the financial sector is back to high-stakes financial gambling, including this new financial area: FX. To ensure the next crash is truly global. It's probably servicing the asset managers and their private equity investors (fewer publicly listed, publicly reporting corporations) that are buying up property and businesses around the world and reselling within a few years for the capital gains.
I understood more so that according to her the FX institutional providers of dollar funding, as alternatives to commercial banks, are providing a valuable service, however their mechanism is very opaque and difficult to regulate, and she specifically mentions how it can be a ticking time bomb.
Gary Stevenson spotted at 9:09
Gee, now they are making there own chips, cars and other goods...I still smile when I remember Trump at the un saying that europe will regret being dependent on Russian gas and oil, then showing the German delegation laughing....who's laughing now. We just basically applied the sanctions to our factories.
It seems there are 'oligarchs' only in Russia. Funny. Sure, in 'occident' they are emtrepreneurs, which sounds beautiful.
#mmt
lol, this feels like a burn on all current pop solutions.
Private Equity firms ransacking America, are using the same model as Israel devastating the Palestinians.
We certainly see horrific hysteresis effects being caused by Private Equity.
Pensions and other retirement plans are being destroyed by Private Equity firms.
The main destabilers currently are runaway Private Equity firms ransacking America. Beware, these are supported by lobbies that have bought off our politicians..
What.is.the.job of a ecconomic.consultant.as..compaired.to.just.an econimic😊
Simple stuff. Anything that starts with "Monetary" = lying by smart looking university dude that gets paid by some gov org
So he was like a puppet, unable to act on his own.
He should get a Nobel Peace Prize if a War between China and US.
Regarding exports restrictions. Russians more than once had to introduce export bans. The recent one is the ban for sugar export. Why? The demand for for the Russian good is so high on international markets it causes internal prices to grow. Bans also imposed on manufactured goods, equipment, chemicals, etc. Right of wrong but this is the evidence that there is still demand for the Russian products around the world, no sanctions can affect that.
1837? Just after the trail of tears. Jackson seemingly did not care about people, but God saw it.
Putin and the rest of the world are laughing at the ´West´! Putin shipped his oil to Saudi Arabia and they sold it to the West: The West or better their ´leaders´ are stepping into every trap that is laid out for them!
Prof. Sonnenfeld´s predictions were wishful thinking without any evidence, like the rest of this bunch here in Germany, the minister of Economy Habek (green), an author of children's books, and the minister of foreign affairs Barbok ( no education or profession at all, never worked anything) - also green - of course!' HOW ON EARTH CAN SUCH PEOPLE BE IN POSITIONS THAT ENABLE THEM TO MAKE SUCH DECISIONS?!
NO - THEY ARE NOT DOING 'NICE THINGS', IDIOT.