Comments by "Titanium Rain" (@ChucksSEADnDEAD) on "Modern Monetary Theory: How it Could Answer All Of Our Economic Problems" video.

  1.  @xXWorldgamefunXx  "Vietnam has a socialist economy and they are thriving nowadays." - "Although Vietnam remains officially committed to socialism as its defining creed, its economic policies have grown increasingly capitalist,[215][216]" "With the decline in economic aid from its main trading partner, the Soviet Union, following the erosion of the Eastern bloc in the late 1980s, and the subsequent collapse of the Soviet Union, as well as the negative impacts of the post-war trade embargo imposed by the United States,[256][257] Vietnam began to liberalise its trade by devaluing its exchange rate to increase exports and embarked on a policy of economic development.[258] In 1986, the Sixth National Congress of the CPV introduced socialist-oriented market economic reforms as part of the Đổi Mới reform program. Private ownership began to be encouraged in industry, commerce and agriculture and state enterprises were restructured to operate under market constraints.[259][260]" Vietnam is literally an example of "no real socialism". It's socialist on paper, but accepted privatization.
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  2.  @Bobbe002  "socialism and central planning actually worked was in places like Norway, Sweden" - Those are not socialist countries.
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  3. Not even Keynesians like MMT.
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  4.  @M0stlyHarmless9  "You could be a libertarian and recognize that MMT is true." - how the fuck can one be a libertarian and trust central banks?
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  5. "It's generally accepted as ok to print money as long as its termed Quantitive Easing and its distributed through banks" - Of course it's been generally accepted. Doesn't make it right.
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