Comments by "ilr" (@iller3) on "Can The U.S Print Endless Money? EPIC Debate Over Modern Monetary Theory!" video.

  1.  @johnb4639  That IS an important point ...In the 1970's we didn't only abandon the gold standard, we also allowed WallStreet to speculate on all forms of Housing too (mostly as a tax dodge!). And he *did not mention* that crucial detail which is the entire basis of what became the 2008 crash
    15
  2.  @sabinereynaudsf  I wouldn't say he looked happy... but he was WISE to remain disentangled and allow the "Institionalist" to bury himself under a web of tortured rationalizations
    12
  3. the problem is "monopoly-money" is exciting at the beginning of the game and will buy everything on the board.... ONCE. But then after that it takes massive amounts of Debt to force any properties to change hands
    7
  4. Also there is not a "too few goods" problem. The definition of a supply-side economy is that we subsidize the ever living fk out of producing "Stuff". The PROBLEM is the stuff we over produce is crap like McMansions and iPhones. "Goods" which do not fulfill a basic need but rather exist to normalize higher Margins and hyper consumerism (which begets more inflation)
    3
  5. I think part of it is because Paul already gets to do a lot of talking as a recurring guest. The other part is, sometimes you can completely disprove someone's theory just by MAKING them talk about it long enough. Joe Rogan's busted a lot of Charlatans by "allowing" this
    3
  6.  @jodylynn840  the Fed is Schrodinger's "Private/Public"
    2
  7. The deficit only exists because the people with 90% of the wealth aren't even paying 10% of it back to the system that made them so fabulously wealthy.
    1
  8. FAT BROWN BUFFALO YOGURT
    1
  9. Because being Homeless or a target of War is the Stick. The carrot doesn't taste good enough if you've aren't afraid of the stick
    1
  10. that's exactly how it measures Reports Inflation, ironically enough
    1
  11. Taxes were originally a part of throttling Inflation obviously. ...the Problem is all the RICH conmen got together and convinced the Economists (like everyone's favorite Austrian shill, Freidman) that they didn't need to be Taxed because "Their Wealth" existed in a different stratosphere from the normal people who's monetary system was "only inflated if you gave them too many food stamps"
    1
  12. Taxes *used to be* one of the ways to keep inflation in check (but that ended when the super-rich were allowed to write their own tax code)
    1
  13.  @davidanderson6055  You don't understand what "Contractual spokesman platforming" is, do you?
    1
  14. Schiff is a Fraud. He is right that our real inflation rate even during "good times" was still 8%. But the timing of all of his predictions can never be right because he's always predicting the collapse every year. IE: Crying Wolf every minute of the day
    1