Comments by "Grim Affiliations" (@grimaffiliations3671) on "Mark Moss" channel.

  1. deflation = depression. Try saving with no job
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  2. terrible idea
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  3. Isn't fdr the guy that made social security? Best prez ever
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  4.  @gerrystevens9041  considering how often depressions happened on the gold standard, that would be a much better ticket to starvation and slavery tan our current fiat system
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  5. 4:31 This is nonsense. The government gives things it hasn't taken all the time. That's what deficit spending is
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  6. because its not
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  7. We're not on gold anymore like we were in the 20's, so the government will bail the economy out long before we get a depression. Also a crash aint happening while the government is running such large deficits
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  8. imagine thinking an entity that creates its own money is broke 😅
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  9. no we're not
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  10.  @Kurt1969  because borrowing is optional, they could stop selling bonds at any time.
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  11. wage are a lot higher than they were back then
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  12. @@joancouncil6276 it bought down elder poverty and disabled poverty by massive amounts. It's great
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  13. of course she'd say that
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  14.  @impacteternity8182  No it's not. People aren't just going to send their dollars to the US willy nilly. If they want to send them back, they have to buy from the US. And that isn't a bad thing for the US
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  15. inflation would be lower today if he didn't hike rates at all
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  16. Gdp just got revised upwards, unemployment still near record lows. You should learn what words mean
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  17.  @osirces  Unemployment has always been about who is actively looking, that's why being near all time lows is very impressive. No they don't measure however it looks good, or we'd never see a bad quarter
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  18. hyperinflation?
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  19. it's not an illusion, but it can be conjured into existence
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  20. @@mikecollon100 You don't even need to be the reserve currency not to hyperinflate. Just look at Japan, they've got the largest debt to gdp ratio in the world and have been doing massive QE for years and their inflation never even got close to hyperinfation. The key is only taking up debt in your own currency. Countries only see hyperinflation when they owe in currencies they do not control
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  21. rates won't go higher, not with how low inflation has been over the past 6 months. And judging by the disinflation we're seeing in used cars and gas, we'll get another moneth of 0% cpi. Rates will probably go down by march
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  22. you bears never get tired of handing us your money do ya?
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  23. the ones getting recked are the perma bears
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  24. almost like they are coordinating their messaging
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  25. monetization of debt?
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  26. social unrest happens due to austerity, which is the opposite of printing
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  27. no, well known scmamer
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  28.  @stevebishop3796  This claim that the "next generation will foot the bill" is nonsense. It relies on the idea that taxes will have to go up in the future to pay for the national debt, but that's completely wrong for two main reasons. The first one being, the debt isn't paid for by taxes, it's paid for by simply rolling over any bonds that come due. The government rolled over 120 TRILLION dollars worth of bonds in 2021 alone. That's trillion with a T. The idea that taxes could ever cover that amount in silly. They can do this forever because they control the currency our debt is denominated in. The other reason it's nonsense is an even bigger reason reason, and it's because taxes don't pay for anything the federal government does. They're debited out of existence at the IRS. The money we're using to pay taxes comes from the government in the first place, so our taxes don't give them new money, they just cancel out what they've already spent. You can test this out yourself, the next time you pay federal taxes, do it in cash at a physical IRS location. They'll literally put your tax money in a shredder. Dollars and bonds are two sides of the same coin and both come from the same printer. So if you're not worried your grandkids will inherit dollars you shouldn't be worried they'll inherit bonds (government debt)
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  29.  @humanyoda  both countries you mentioned were forced to take up debt in forign currencies, The US borrows in its own currency
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  30. the government needs to spend more than it taxes, or the private sector will get squeezed until it collapses. Luckily we don't have to stop spending to stop adding to the national debt, we could just stop selling bonds.
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  31. aint happening any time soon
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  32.  @DetVen  Time has not done that. Time has shown how much the elder poverty rate has fallen since it was introduced
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  33. Nothing to fix. The debt is an asset to our pension funds, businesses, banks and investors. Why would you want to get rid of peoples wealth?
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  34. not how it works
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  35.  @DeusExMachina50  not really
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  36. what good is lower prices if you dont have a job?
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  37.  @pains1956  so he's moving his country onto the dollar?
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  38. everything wont crash as long as the government runs deficits. Its when they try to "balance the budget" that you should be worried
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  39. A balanced budget would be a bad ting. That means they'd be taxing away everything they spend, which means you're asking to government to take money out of your pocket. Deficits are healthy because they support private sector balance sheets. Every time we've ever had a recession or depression its been because we tried to "balance the budget" (except covid)
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  40.  @bestprice1776  Why do we need to balance the budget when we can just stop selling bonds and adding to the debt? There's no rule that says we need to sell bonds or "borrow" when we run a deficit
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  41.  @bunsguns8222  of course they are, we've been running them almost constantly since the country's founding. In fact most times things went south have been the times we tried to stop running deficits and "balance the budget"
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  42. it also created ridiculous amounts of inequality which was one of the causes of the great depression. The other main one was the gol standard
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  43. judging by how much gas and used cars are going down, we'll probably get another month of 0% cpi
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  44.  @safeandeffectivelol  No, lowering rates would not trigger inflation. All the remaining excess inflation is in rent, and lower rates actually lowers housing inflation
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  45. People don't seem to realize than the fed rolled over 120 trillion dollars worth of bonds in 2021 alone. Surviving the debt is never a problem when the debt is in your own currency
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  46.  @carlbarrows2487  not true
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  47.  @carlbarrows2487  no it doesn't, in fact deficit spending is actually negatively correlated with inflation
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  48.  @carlbarrows2487  how?
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  49. by typing a few numbers onto a keyboard. The "national debt" could just as easily be called the "national savings account"
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  50. never
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