Comments by "Dr. Ricco Lindner" (@Dr.RiccoMastermind) on "We need a Bank of England, but not the one we’ve got" video.

  1. 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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  2. Mr. Murphy, could you please focus one of your videos on how we get extra money issued in crises "taxed" out of the system again? Not in terms if revenue ofc, but in terms of controlling the available money in the system and thus partly inflation. I'm a little worried that even if government money is perfectly spent to the poor people and only for production means, that this money will still "trickle up" to the rich who ownes the profitable companies or houses for rent etc. How to get this money (like the boosts during Covid pandemic or energy crisis) taxed out of the system again, if the rich prevent any further property or assets taxation.
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  3. @mikeb7379  yeah, one could either not care of taxing it back and just leaders it in the system (to the rich, saved and unspent) and just issue new money for further expenses, not caring of the actual value of the public debt. One could at least prevent it from being spent too quickly (by the rich into the economic) by leaving interest rates and asset yields high (which will not solve the problem. Or I hoped to slow down the money flow from.the poorest the state is spending on, to the rich. At least they should use more of their saved money productively to reinvest in publicly valuable projects (philanthropic?) - but I don't see that coming either. Last, the state could force the rich to choose between much higher (and easier to gain) income taxes or wallah taxes - which might only work if most major countries participate (even if only to raise their "tax revenues: altogether. But I don't see any of this happening until the final crisis. So we might be fucked up if not some pressure occurs from the global south countries
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