Comments by "Tony Wilson" (@tonywilson4713) on "Kyle REACTS To Krystal Dominating Bill Maher | The Kyle Kulinski Show" video.

I saw the whole show yesterday (my time) and Jamie Kirchick (on Krystal's right) who troped out the standard "inflation is caused by the government spending too much" is such an ignorant clown too. I did engineering and as a option did Economics 101 and even I can understand that prices go up if demand goes up with respect to supply OR supply goes down with respect to demand. I spent a semester (as many others did) where they draw graph after graph of different market types and they said the same thing again and again. "Prices go up if demand goes up with respect to supply OR supply goes down with respect to demand." I'm reading Stephanie Kelton's "The deficit myth right now" and in the introduction she points out that its not a matter of how much any government spends its a matter of where its spending for what effects. She points out that there was no shortage of money when FDR put through the New Deal or Kennedy sent America to the Moon AND MOST NOTABLY there was never a shortage of money anytime America went to war. Government spending can only cause inflation if it does one of 2 things - it pushes up demand or causes a shortage of supply. The other thing that can cause inflation (and we all covered this in Econ 101) is when a monopolised system raises prices. Oil is now around $115 a barrel a few years ago it was $150 a barrel and prices were 1/2 what they are today. None of the neo-cons or neo-liberals can explain that.
5
@zasterheffor Great comment - you've hit one of the major problems in the world right now. We are overly dominated by economics and economic thinking AND the problem with that is how the majority of those people with economics degrees are taught. I spent a chunk of my COVID time looking into economics because I'm tired of having idiots with economics degrees beat me down with "What's the business case for that?" or "Who's going to pay for that?" I just wanted to be able to counter their arguments and what I found was there's an entire different school of thought lead by people like Mark Blyth, Stephanie Kelton, Warren Mosler, Peter Zeihan, etc. When I first heard Stephanie Kelton I thought "this chick is bonkers mad" and then Mark Blyth interviewed her over her book "the deficit myth" which I finally got hold of recently and have just started after finishing Angrynomics. They are right we have all been bluffed by a magical shell game where the top 1% get everything they want and the rest of us pay for it. To get that done 3 colleges dominate the Western world Harvard, yale & U. Chicago with assistance from places like Oxford, Cambridge, Stanford and here in Australia - Melbourne U., U. Sydney and ANU (in Canberra). In the 90s we started privatising our energy industry and its ends up delivering the energy crisis we now have. We outsourced our manufacturing to China and during COVID we couldn't get stuff. Our water market was converted in an auction based system that has dramatically favoured corporatized ag and smashed traditional farm owners *and that was all DESIGNED by an Australian Harvard graduate who's a professor at Adelaide U." You are so damn right the education system is geared to indoctrinating (not simply teaching) people with neo-liberal economics. And because all those people have ended up ADVISING governments everywhere its infected the entire Western World like a virus that induces cancer. Ask yourself - How many people the US congress (both fed & state) have Harvard, Yale, U. Chicago graduates or people whose teachers were Harvard, Yale or U. Chicago on their staff? Jamie Kirchick graduated from Yale as did both Clintons. Ted Cruz and both Obama's are from Harvard. 14 of the last 18 SCOTUS judges are Harvard or Yale as is the next judge. America's real problem is the ugly triumvirate of Harvard, Yale and U. Chicago.
2
What an elitist smug media hack is disconnected from what they said a year ago? That's now so common its a cultural cliché.
1
@gaetano5669 Yeah sure Maher can't even remember his own monologue on the bailouts that Wall Street got last year. You right wing bots are so bad with your programming. Your running Windows 3.3 on Windows 11 platform and still don't get it. You really need to go back to the factory for a reboot & upgrade.
1
@gaetano5669 What about George "bless his little spending heart" Bush He oversaw 6 of the 8 largest deficits EVER in human history. The other 2 are by Obama and Trump. Its odd how you RIGHT WING BULLSHITTERS never say anything when your side spends like drunken monkeys.
1