Comments by "Dr. Ricco Lindner" (@Dr.RiccoMastermind) on "Richard J Murphy" channel.

  1. Thank you so much for such an important pitch on MMT!🙏🇩🇪
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  2. Despite all unspeakable circumstances, I wish you merry Chrsitmas Days. You made an outstanding job with all your videos this year! Recharge your batteries and strengthen your hope and pragmatic optimism! 🙏🌲🎅🇩🇪
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  3. So true!! There must be a sign, that bullies on the highest rank imaginable can be stopped! 🙏🇩🇪
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  4. Well spoken! 🙏🇩🇪
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  5. Thank you so much for this perspective!! 🙏🇩🇪
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  6. Thank you, Richard, for yet another intuitive explanation! 🙏🇩🇪 Still I'm somewhat confused. If the bonds are too expensive now, will the market really buy all the bonds the BOC wa ts to spill into the market via QT? And to my knowledge, bond prices do not automatically respond inversly to their fixed interest rate. It rather depends on the curent interest rate. A 3% bond should be less worth if the current interest rate is at 5%, and would be worth more than its nominal value if current interest rate would be 1% only. Am I right?
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  7. I could really listen to you for hours! So profound, so based, so strikingly true and logical. If our political and economic leaders are not dumb (which I doubt) they really must either be acting different despite better knowledge or they are so much ideologically primed that all heterodox argument only sound like fiction or socialism to them
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  8. Totally with you, essential services must be provided publicly!
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  9. Dear Richard, you made a very great job to get us all.much more enlightened on so many economic topics. I thank you so very much, your explanations are the best out there!! 🙏🇩🇪
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  10. Dark times ahead, I'm afraid 🙈
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  11. Thank you for all your so valuable content! It's so much more worth than that of many other youtubers!
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  12. We have a German podcast with the right title: "Schweigen ist Zustimmung" (Silence is approval) ... 🇩🇪
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  13. I love the ways you always find to explain things so clearly and intuitively, a benefit to us even if not new to the topic (of MMT e.g.)
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  14. Greatly put! Why did we have to wait for someone like you to raise this topic, when it should be first-year stuff taught at universities? 🙈🙏🇩🇪
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  15. Thank you for your so valuable work and relentless patience!! 🙏🇩🇪
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  16. Very well analyzed, Richard and! I wish that British.politivians (and German politicians as well) would respect such insights 🙏🇩🇪
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  17. I, for my part, DO care! 🙏🇩🇪
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  18. This video was one of value, too. Thank you for sharing!🙏
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  19. Very true. Mostly, "money" seems to get stuck in the saving accounts of rich private benefiting members of the society. One reason why more and more deficit has to be created to let everything flow. I guess the ever increasing total liquid amount of money is also dependent on how many users there are, the turnover rate and the total growth of economy. Can thus be right? 🤔
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  20. Thank you for your great short reminders of what gies wrong, not only in the UK, also in my Germany 🙏🇩🇪
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  21. Hey Richard, would you please consider one joint venture video with Robert (Bob) Reich from USA about the now started 2nd Gilded Age and the Oligarchy in the US? 🙏🇩🇪
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  22. Hey Richard, try to keep.your head up. Spend much more time outside or even take a break to recharge your batteries from time to time. I also feel the depressing and paralysing feeiling of having to watch what is happening. And I look at the UK and Germany 🙈 I'm afraid we really have to crash before our political and economical elites are willing to give up their system and limited understanding 😥
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  23. Can't imagine all the Porsches hurt so much, without tears in my eyes 😢😎🇩🇪😅
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  24. Your scripts are always amazing: concise on the point! 😎🙏🇩🇪
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  25. This was a very good explanation of this topic! 😎 And as a consequences, the whole of public debt then is clearly being the "money" of the private (or rather non-government) sector. Paying back all the public debt is not only pointless to do but would de a Desaster for the private sector. "Money" is not growing on rich people or produced by companies or workers. It all comes from the government/treasury/central bank, which essentially are one entity
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  26. Well, money is debt on one site of the balance but most importantly it's also credit on the other site. Only as debt/credit it's really useful to "move" and transact things, until its finally paid back or removed otherwise from the great stream of goods and money, e.g. by taxes 😊
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  27. To explain their low-growth concern, could you please dedicate a video to why mainstream economists believe that we need contineous economic growth - and why you think ints not required for a society worth living in? Does a low growth politic only work if all major nations do the same, so no one is "left behind" in terms of global market share?
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  28. I love your Videos of about 10 min. Will be happy with longer, deeper Videos occasionally. I live to listen to hear you. Personally, I want more. I propose your name when watching other relevant English Youtubers, like Gary's Economics. Please have at least some contact 😊
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  29. But isnt the square mile City of London not even independant of the Queen/King, not part of the UK at all? Does it count to UK oversea territory? Will be tough to get hold on the city of London with their own crazy rules and long long history
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  30. Sadly true! 😢 I always wondered why such a diverse nation like GB would de facto have a 2-party system
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  31. @RichardJMurphy  anyways, thank you for your very comprehensive an on-the-spot videos! I really enjoy them! Wish many more (influential) people would see them and get convinced by your very clear and flawless argumentation. Only this time I felt some lack of understanding from my site 😅🙏🇩🇪
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  32. Very true words. No orthodox economist likes talking about this kind of massive demand manipulation, right?
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  33. Thank you for this topic! I am a big fan of Sir Ken Robinson (R.I.P.🙏) who made this topic his life heart project. It is so important not to kill creativity in our kid's. Only a few keep it as their main feature and struggle to survive in our society. Only a few people can live from arts and music, and some are very creat8ve engineers. Nowadays, Youbtube offers many more people to show their creativity🙏 Else, the next creative group that comes into my mind are some criminals 🙈
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  34. This is the first video where I can't follow your line of thought: Where did the government get net interest income from? A lot of the debt reduction is due to less pension subsidies since pension Fonds made enough money from the financial markets? Isn't a good deal of thi revenue from public bonds interest payments anyways? Ah, you mean that the relative high interest payments save even more money to be spend on pensions in the future? I was not aware that the national debt already comprise far future expenditures
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  35. ​@adenwellsmith6908 in which country did you have "massive" deficit spending? Its relative. In my case in Germany the mainstream politicians cling so much to the current model of our "Schuldenbremse" that we do have deficit spending but mnit enough by far. We would need a modern "Schuldenbremse" which is oriented on ressources and priorities of what needs to done and where society and economy wants to see themselves in the future
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  36. Mr. Murphy, I don't quite understand why you are worried about the current QT process if firstly it only removes some of central bank reserves of which banks basically have to much now, after QE. or isn't that the case any more? With to much reserves bank also don't quite react as much to increases of the leading interest rate. And even if there is too little centralbank money available, banks can again borrow the remaining part from other banks or the Bank of England, even if the banks don't trust each other, as .ight have been a problem.in 2007/08. And the BoE would gain some more control, as you stated earlier.
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  37. Speaking from my heart! 🙏🇩🇪
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  38. Hello Mr. Murphy, this video was well needed and appreciated! 🙏 Would you like to give your listeners some historic background of how the amount and proportions of public and private debt changed over the decades and why (events). Public debt also only seems to be rising sind around 1900 (in the US at least), maybe because of the establishment of central banks. But how did the government get financed before, especially with lacking income taxes to redeem publ8c spending. Likely there also was little to no public spending, at least for social services, but surely for investments in infrastructure? I mean, government money creation from nothing must also have been the before the central banks were installed, And surely also when the Gold standard was still active, right?
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  39. And politics ist allowing that. Wonder if this is also true for other European countries. Easy entry points for drugs as well, I guess, getting more and more important
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  40. Seems plausible, but even more money seemed to come directly from.Quantitative easing or revenues sucked out of the economy (and not re-invested), since stock prizes also rose during 0% interest policy time, right?
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  41. I really wish, Labour will touch those tax havens! At least from.Starmers past he might not wish to keep them, but he himself might not be of importance for any such decision 🤷‍♂️
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  42. @edbop  you are very right! But what I meant was - macroeconomically speaking - that more and more money seems to get "stuck" in non-producing assets, like savings account, stocks, houses, yachts and what ever, not really participating in economy. Rich people don't spend all their money to buy or produce things, right?
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  43. @oneoflokis  alright thank you! I really don't get it why politicians can't leave such an important, even if symbolic amount of money to pensioners while gaining so little. It's a curse that all out leaders believe that texes = public revenue to drive such an idiotic "cost optimization" 😥😥🙏🇩🇪
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  44. Its realy sad to have to witness such a development! R8chard, please try to get your dace and voice in some newsüapets blog or some TV show!!
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  45. Well, what I always understood from many reknown MMTers (the core members and many speaking at "The MMT podcast") about the job guaranty is that they are aware that job guaranty might be the only policy that can be derived from MMT and might be important to implement, but not because it's neccessary for MMT to work but for an optimal outcome and utilization of MMT tools. They do often link MMT and job guarsnty policy together, but they know it's only a policy to be chosen, even if obviously inevitable for the best outcome
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  46. @davidmcculloch8490  to my knowledge even before digital money since the times of computers the same principle of currency issuing applied. Pegging the Dollar to gold technically didn't matter so much. There was always more money than gold, and money or value were still created from nothing, not only by printing bank notes but as other forms of paper "money" with different grades of "moneyness" So Keynsian logic principles applied even before modern fiat money. However, I'm eager to hear otherwise and learn from it 👍🏻
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  47. Thank you!🙏🇩🇪
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  48. Did you imply that all national debt consists of bonds that some private persons or institutions can hold to trade with or earn interest? I always thought national debt, in first place, is money left in the non-governement sector due to direct public spendings which do not directly go to savings but drive economy through consumption or investments in ifra structure etc. However, yearly public deficit might be covered or matched by bonds. So the true deficit is ideally spent to the poorer people who spend it all again for consumption. On top of it some big savers earn interest from bonds that match the deficit from spending and taxing, but save the nominal amount, therefore not spending it productively. So, isn't the a kind of double effect of publicly spend money in the private sector?
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  49. Till now I really struggled to understand QE properly at the least for the discrepancies on how it was supposed to work and what it really did - no matter which video you watch. Really wrong is the video of the bank of England itself, I believe to remember. Thank you for clarifying!! So does QE in fact helped asset price inflation but could not affect much consumer price inflation? I mean they also tried to use QE to get up to 2 % inflation, or so it was told in the media. 😉
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  50. That is a common European, neoliberal strategy to focus on "hard working people", als here in Germany. Not to forget about the "top performers of our society" which ofc are nit the normal workers but the leaders of Mittelstand companies and higher, paying all our precious taxes 🙄
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