Comments by "Louis Giokas" (@louisgiokas2206) on "Why Hitler didn’t trust his generals | Schleicher & the Fall of the Weimar Republic" video.

  1. Thought the quote from Murphy is interesting in light of the current economic situation. You are just a young man. I lived through the last major inflation in the US, in the late 70s and early 80s. This was accompanied by minimal economic growth and the term stagflation was coined. Since the 80s, we have seen countries around the world "print" money through gov't borrowing. most of the largest economies have gov't debt at over 100%. China and Japan are in the 200% range. And yet, we have seen inflation flatline. Most governments around the world are trying to boost it up to 2%, without much luck. So, I am not sure that gold is an answer.
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  2. TIK, why do most people give unemployment in terms of numbers rather than percentages? If we talk about this, the number is significant, but it needs to put into context by using the percentage of the working age population.
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  3.  @TheImperatorKnight  Actually, prices have not risen, even with massive expansion of the money supply in many countries. Governments still struggle to get the rate up to 2%. In the US, where the gov't does not control prices (and I expect that the UK really can't either), we still have vey low inflation. Even if got up to 3 or 4% after an opening up after COVID, that would be nothing in historical terms. As for inflation of goods, it has been basically nonexistent here in the US for at least 20 years. Big ticket items such as cars, appliances and computers have either come down in price (especially computers), and factoring in features and efficiency, are much cheaper than they were before. For example, my first real laptop (provided by my employer in the mid1990s cost $10K. My most recent cost about $900, and is much, much more powerful. Another way to look at is that the earlier computer cost as much as a mid-range car (say a VW Jetta). How we measure inflation over time is a real issue. I have talked to some very high level financial analysts and they confirm it. Even taking commodities such a gasoline (or if you prefer, petrol) we see this. Petrol got up to over $4 per gallon here a few years ago. In the last 5 years or so, is has gone between $1.9 to recently $2.5 per gallon where I am. i recently replaced a 2002 vehicle, which was top of the vendors line, with a 2015 vehicle, which was in a similar position in a different vendor's line. Like the computer, it has many, many more features, from power to electronics, than the one it replaced, yet if cost the same in nominal dollars. There is something going on here that the current measures do not capture. I am actually working on a theory on this that takes into account the changes in technology. Of course, these were not so prevalent in the periods you were talking about. That being so, you should not project the issues experienced in the early to mid 20th century to situations we are experiencing now. As always, I value your videos and thought. Keep it up.
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