Comments by "antonyjh1234" (@antonyjh1234) on "Modern monetary theory is not a policy" video.

  1. People who have the ability to work are able to get loans because they can pay them back, a govt is able to say we will take a percentage of our constituents life's efforts in taxes so any money printed by the central bank, debt, is able to be given back. Because all new loans/debt is new money, that money needs to leave again or it builds up as taxes make money not exist anymore. Money is not like gold in that it does not build up, it is debt and therefore works on a basis of negative zero, they are always trying to get the loan back to zero, the debt as soon as it leaves the bank and hits an account, that is what we call money, we spend our lives around it and do all the things we do because of it, imagine we are fish in a pond that has water always pouring into it, the water must leave again or it floods while we fish carry on with our lives.
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