Comments by "whyamimrpink78" (@whyamimrpink78) on "There Are No Fiscal Conservatives In A Crisis" video.

I am saying in one or two months. It all depends on how individuals act. If us, as individuals, act appropriate it will end sooner. There are many factors at play. I recommend in a year open up rural areas and keep urban areas close and slowly open them up.
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This isn't printing money. These are credits given to banks and when the economy comes back on track the Fed takes them away.
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One, it is an everyday thing and the norm. People losing their jobs because government shut them down is not the norm. Next, the Federal Reserve can't give a dime to the homeless. Just like it can't give a dime to fund Medicare for all despite Kyle's claim. They give out credits to banks so they have money to lend out. When the economy gets stronger and people have money to pay back loans the Fed takes the credits back.
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@masonlight7479 never watched the guy.
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@07Flash11MRC Voodoo economics. There are zero peer reviewed papers on it for a reason. It isn't how the economy works.
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@MephLeo the Laffer Curve has legit points. MMT is not an actual economic theory accepted by any economist.
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Don't listen to Kyle. Anyone who talks about MMT being legit has no clue what they are talking about.
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Poor comparison. The Federal Reserve does not spend tax money. What they do is loan money out to banks until the economy gets better. Universal Healthcare is completely different.
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Sunex Amures , the Federal Reserve did the bailouts, not Obama. Also, under Obama we had a recession where hands off government can solve it. Right now is a temporary relief to a very clear problem. As for banks, by law they can only hold onto 10% off reserves. During tough economic times people pull out their money or pull out more loans.. If a bank ran out of reserves they typically got a loan from another bank. However, if every bank is having issues they go to the main lender of the Federal Reserve. When the economy recovers and people start saving more of their money in banks and paying off their loans the Fed takes the money back. So no, you can't compare this to universal healthcare as Kyle tries to do.
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@remlatzargonix1329 you are not giving tax payers' dollars. The Federal Reserve does not run on tax dollars. Also, saying other nations do it is a poor argument.
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Prophet again, why do you have to lie?
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@sefp the Federal Reserve just doesn't do it. They have a strategy. The Fed is quasi government. If the Chair and Governors were to do that during strong economic times they will be replaced. They don't. However, the reason why the Fed is able to do it is because they have to make very unpopular decisions for long term success. If Congress does it they will do short term policy near election time to gain votes. That is why we don't vote in the Fed.
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@sefp they don't just print money out of thin air. They become lenders to banks when their reserves run low to keep banks open. The Fed should exist.
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@sefp Congress won't be doing it at the will of the people. They will be doing it to buy votes. Carter made the very difficult decision to promote Volcker to chair of the Fed. Volcker raised interest rates out the roof to stop hyperinflation. Originally, short term it led to high unemployment and Carter losing. But in the long run it helped the economy. The Fed is needed. They control the money supply.. They can add to it but also remove it. What also controls the money supply is the inverted pyramid.
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Sunex Amures what is happening now is different than in the past. Now we have a very unusual and rare situation where businesses are being forced to close down. This isn't a case of where businesses made bad decisions but instead you have a situation outside of their control. Who is in charge is irrelevant to me. If a democrat administration was in charge I will still be supportive of this stimulus. Please try to understand the differences of the situations.
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taxed do fund government spending.
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It does require new taxes.
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@henrygustav7948 I agree with removing fica taxes, but the federal government is ran on taxes. You need taxes to fund M4A.
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No they didn't.
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Kyle has no clue what he is talking about. The Federal Reserve is there to give out loans to banks so they don't run out of reserves. This is completely different than using tax dollars. The idea with the Fed is that banks can only have 10% of their reserves. When people start pulling out money banks have to obtain loans elsewhere. Use to be with other banks. But when every bank is doing it they all go under. The Fed thus becomes the lender. This is not MMT (not an actual economic theory BTW).
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@henrygustav7948 MMT has zero peer reviewed papers on it. Remember that.
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@henrygustav7948 yes they, mainly with zero peer reviewed papers on MMT. Mosler does not have the money.
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@henrygustav7948 pretty sure he doesn't. He is all talk. MMT is not an economic theory. Again, zero peer reviewed papers.
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@henrygustav7948 MMT is not an economic theory. It is not taught in any university and has zero peer reviewed papers. The guy is not a millionaire unless he made it scamming people. If challenged he will just dismiss people. Again, zero peer reviewed papers. That is the standard.
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@henrygustav7948 what universities? And if so it must be a garbage course. What studies did they use? In academics text books are based on studies, peer reviewed studies. You keep dodging that point.
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@henrygustav7948 never been proven right either. Again, no peer reviewed papers.
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@henrygustav7948 no peer reviewed papers. You are essentially asking to prove or disprove god. You can't. When something is not support by economists to begin with than you can't disprove it as it has never been proven to begin with.
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@henrygustav7948 the Federal Reserve is not government, it is private. Yes, the Fed can issue currency, but only to other banks. Please learn what the Fed does.
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@henrygustav7948 what? That you don't know how the Fed works?
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@henrygustav7948 seriously, you have these strong opinions but you don't even know how the Federal Reserve works. This is as bad as you supporting an economic theory that has not publications attached to it.
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@henrygustav7948 I can easily explain to you how the fed works. It controls the money supply by setting interest rates and loaning out credits to the banks. When I say it is quasi government the President and Congress approve the Chair and governors but the Fed acts on its own without government oversight. Again, you have a strong opinion on economic issues but you have zero clue how the Fed works and you support an economic theory that has zero peer reviewed papers on it. =)
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@henrygustav7948 funny you say I have no credibility but you have no clue how the Fed works and also support an economic theory that has zero peer reviewed papers. You keep dodging the latter point as well. And you still have not listed the universities that teach MMT. Why? Because you don't know.
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@henrygustav7948 being honest, but people like you are a reason why I never am worried about finding a job. As long as ignorant people like you exist I know I will have high paying jobs available when I finish my PhD. Competition is low these days.
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