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andrew lines
Richard J Murphy
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Comments by "andrew lines" (@andielines) on "What is modern monetary theory" video.
Thanks Richard, smashing explanation. One issue tho. During the course of your videos It appears to be accepted that creating money from nothing (and I'm not doubting that principle) is a valuable tool which it undoubtedly is, but is also to be avoided as it leads directly to inflation. Surely it cant be both? I'm having a difficulty getting my head round this.
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@Goldmangun ". . . .additional new money will tend to be inflationary." BUT WHY! I keep hearing time and time again that under certain circumstances, creating new money will lead unquestionable and directly to inflation. But nobody seems to be able to explain exactly why. The best attempt I've seen so far is that if you TELL people there's a risk of inflation, they behave differently. But that cant be it, can it?
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@legalfictionisfraud and here we are again ". . . . When the government CREATES new debt, that causes inflation..." BUT HOW!! " . . . . . . .Inflation is DEVALUING the debt based currency!. . . . . . ." That may or may not be true, but what causes the inflation?
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@legalfictionisfraud and again?. . . . Just because you keep saying it.. . . "This devalues the government's existing DEBT pile" BUT HOW!? The only way that I can see that increasing the amount of money in existence would lead to the existing money in circulation being worth less is if we were on a gold standard and clearly we are not. So if it does, what is the mechanism? It's quite a straightforward question.
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@legalfictionisfraud That wasnt the question.
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@legalfictionisfraud clearly, you have your own agenda and are trying to prove something. "I don't know what your talking about?" So you cant help me then can you. Please go away.
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@legalfictionisfraud 😂 you really are an arrogant prick.
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