Comments by "Tony Wilson" (@tonywilson4713) on ""Uniquely Stupid:" Jonathan Haidt on the Last 10 Years in America" video.

Your right, and I'd like to see him bring on people like Mark Blyth and Stephanie Kelton to discuss the economics. FYI - I'm not an economist I'm an engineer and used a chunk of my COVID time to work out how & why the economists think (or don't think) because I'm tired of their obstruction and interference in projects. What I found was (as one person put it) "economists all think they know how economies work and they just don't." Not only do I think and others need to do these sorts of interviews they need to do more than just 20 minutes. David was on Triggernometry a few weeks ago for just over an hour. David needs to do that sort of thing occasionally. This talk with Jonathan Haidt could have easily gone for an hour and it would have been great. I think his idea of having people confirm an identity to open an account that allows comments is gold. I don't know if his rating system can work because that means grading content and that's 1/2 the problem these days - who's grading content and filtering what we can say.
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@lunarmodule6419 I haven't come across either actually but on a quick glance certainly Keen interests me. Anyone who's being criticised by the "Austrian School" deserves to be LISTENED to. Its pretty obvious he's been screaming about Australia's housing bubble for a long time. As an Australian he should be a household name and isn't which says heaps about our media. I know nothing about Werner but anyone who gets an award from the WEF raises my suspicion meter to the red zone. If a truly unfortunate accident happened at Davos one day it will always be weeks, months years too late.
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@lunarmodule6419 Following on my biggest concern is that our banks who are now so addicted to home loans that they are driving us over a cliff from which we wont survive as a nation. Every time a home is bought with a new home loan or transferred loan they get fees and commissions. If a home sells for $100K they get a percentage If it then sells for $200K they not only get another set of fees but the commissions are double If it then sells for $400K is yet another set of fees and again the commissions double It just goes on and on and on. Its actually in the interests of the banks to keep approving larger and larger loans irrespective of TRUE market values. Add into that mix are the 400,000 new Australians each year. Using the nuclear 2.2 family that's something like 100,000 new loans for either owner occupiers or rental investments. Either way its in the banks interests to have mor people here taking out more loans they can convert into profits. Add into that mix are the idiotic energy and water policies we've been running for the last 25 years and made even worse by the last 8 years and there's a supply crisis. Consider what happens if the energy sector tanks and companies start closing and people stop paying their home loans. The banks get hit with a double avalanche of failing business and home loans. What happens if all this perfect storm crashes into us?
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@lunarmodule6419 The only thing that can happen to Opal Tower is to pull it down. Way back circa 2010 there was concern in the mining industry after they worked out why a bunch of new stuff fell down in the 2008 Chinese Earth Quake. The Chinese in their brilliance were doing this bat crap crazy stuff with re-bar call "thinning" There's not much still available but to be quick its rebar that's almost useless. You see concrete needs rebar because its awesome under compression (squeezing) load but sucks under tension (stretching). If the rebar is crap it cracks and fails. So when the Earth quake hit a lot of new stuff with substandard rebar just cracked, broke and failed. The concern in mining was if this garbage rebar had found its way onto the constructions sites. It didn't and people were relieved. When Opal Tower happened and I saw the reports I wondered. Then by chance about 3 years ago I met a guy who worked installing rebar. I asked him about cheap low quality rebar and he said yeah its crap. I wont say what he said described but he said things that confirmed my suspicions. We have cheap "substandard" Chinese rebar in our construction industry. How much is out there is anyone's guess.
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