Comments by "antonyjh1234" (@antonyjh1234) on "Economist warns Modern Monetary Theory is dangerous" video.

If you guys don't understand mmt you don't understand money, real shameful interview.
2
Start looking at all money as debt and it's more of an asset to have money they printed at four cents per hundred dollars to be getting paid back on a continual basis.
1
@chris-st6sm You have used the word sheesh twice but honestly I have no clue what you are imagining is false, do you have a point to make or just attacks?
1
@chris-st6sm If you could act like an adult in your conversation you would get you point across better. "Start looking at all money as debt and it's more of an asset to have money they printed at four cents per hundred dollars to be getting paid back on a continual basis" This point was about banks takijg back houses as an asset and why are you being a dick?
1
@chris-st6sm " if you put money in a demand deposit account then its an asset for you and a liability for the bank. a bank converts that liability to an asset by buying US treasuries." You utility that would be found in a tool shed, this is what is NOT what is being talked about, what is being talked about is how money is created, nothing to do with deposits you absolute shed implement.
1
@chris-st6sm Are you able to have an adult conversation when asked, the conversation is around how people don't understand that all money is bank debt and that money doesn't build up, what part of money creation are you not able to discuss?
1
@chris-st6sm I still have no clue what you are saying, I have asked and yet you still yell, maybe you didn't understand what was being talked about..Cheers.
1
The debt that is created that we call money costs the issuing bank about four cents per hundred dollars to create, this is as close to free money as you can get. We spend our lives earning this debt/money and pay it back full value and because all money is debt then money doesn't build up in society, it reduces the loan, as long as taxes take money out of society then money/debt doesn't build up. Govt debt is the opposite side of the ledger as all govt debt is what we call money, just like a credit card is money for someone else so if a govt is in deficit it means we are in surplus.
1