Comments by "Dr. Ricco Lindner" (@Dr.RiccoMastermind) on "Economics Explained" channel.

  1. MMT was never applied yet, it's not equal with dumb money printing
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  2. You missed again the growing SCAMMING "service industry" which too many young Indians attract to. And authorities and police are only reluctantly fight them, still
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  3. 12:20 Ähm.... our German ships dont usually leave the country via south, since there are large mountains! 🤔 Maybe you wanna check this animation more closely? 🙏🇩🇪
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  4. There is no such real thing as "comparitive advantages". Economists have shown this already some time ago. Shouldn't you know this? 🤔
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  5. I hope, one day also MMT specialists will be invited to speak in Davos 🙏🇩🇪
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  6. I hope, one day also MMT specialists will be invited to speak in Davos 🙏🇩🇪
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  7. Your first paragraph is perfectly true. Although there are many countires beside the US that can fully "implement" or rather accept MMT. For less currency sovereign countries much depending on US Dollar e.g., it is much harder but still beneficial. MMT helps to understand what elemental ressources you better keep in your own hands. The second paragraph merely reflects the purposeful misinterpretation of MMT as a kind of gift card printer for everyone. You should not assume that MMT is free of spending limits, it's just other standards like ressources, employable workers, machines and such, and of course still prioritization is essential
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  8. Great and optimistisch video 🙏🇩🇪😎 Curious for "WirtschaftsWissen"! 😎👍
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  9. Not a real Nobel prize, we shall never forget it. Economic science still needs to become better at scientific methods. Till this day I dont see that the world understood economics well enough so that every country knows how to handle their own economy best (if the wished so)
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  10. I missed the gark history, when many banks were (and maybe still are to some extend) happily involved with Mafia organisations or other richtig people to hid or wash illegal money
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  11. Tough but true analysis. Personally, I assumed at least the richest in Rome might have been more wealthy, even to.modern standards 😅
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  12. Wow, "Wintergatan" made it into your video 😎🙏
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  13. Finally true words about how modern banks really work, at least for official and legal money - thank you!! 🙏🇩🇪
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  14. Topic proposal: I'd love you to make a video on the economic impact of more and more people retrieving themselves from the "employed" fraction of workers to pursuit new types of jobs like private professional traders, consultants, influences, Youtube, Scammers, Hackers etc. Specifically into not quite "productive" jobs. Could this be a factor of the broad lack of qualified workers in many branches?
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  15. Please, make it correct: bank don't give away deposits as loans! Loans are newly created FIAT money
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  16. Please EE, finally learn: people DON'T lend their money to the government!! But anyway, it's not good if too much money i saved instead of being spent on consumption or productive investments
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  17. I have the impression you're too kind to China, being victim to foreign loan defaults. Looking at the conditions as well as how much China benefits from the foreign stimulus (which you did mention), they seem to be very well of with a small country defaulting their loans from China - and not a victim
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  18. Again, banks dont give out the savings they receive as loans!
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  19. Thank you, very kind video 🙏😎🇩🇪
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  20. You have a very strange perceiption of office workers. It will kkt even be an exception that some workers only wait for the nex quaterly report. No company would such underemploy their employees In the last decades and even now, though with other duties and tasks, many many office workers will be rather stressed-out than suffering from bore-out syndrom
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  21. You really believe this reasoning, that rich but commodity-poor countries are only wealthy because they have stable Institutions??? Are you kidding? I hope their work doesnt underestimate the real historic burdens What about decades of Imperialism and Colonialism exploiting poor countries of the global South till today, even if differently!? What about steering financial markets, offering expensive "development" credits and being tax havens!? What about supporting politcal instabilities in many of the now unstable nations!? Aren't non-reliable institutions not only mere symptoms? But yes, corruption also comes endogeniously. But do richer nations really want to help the lower nations? Dont think so.
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  22. I can't really share your opinion of dealing with energy price shock derived "inflation" by the government cutting spendings and trying to cut down free money. Such simple text book solutions are crude, and never properly worked, not only because of timing. It might only work for real high demand-pull inflation scenarios - which we don't have. Concerning fighting inflation , you sometimes seem to stick to much to old text book, despite doing videos on MMT and such...
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  23. Sorry, I didnt really understood from your video, what was the role or insighta of Bernanke 🤷‍♂️ the Bale-out strategy?
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  24. Please, there is nothing like an healthy NAIRU! This is old School neo-liberal narrative. The Philips cuve is only working in an wrongly executed economy, where the government and the private sector want to ensure low workforce costs on the shoulders of an unemployed buffer. Please, incorporate some thoughts of MMT including the different idea of an government job guarantee to build up an "employed workforce buffer" for the private sector
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  25. Nah, it's rather simple like Newton. The actual system is making it more complicated than necessary, like pre-Kopernican dogmas
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  26. The only dangerous mistaking in this pretty good video on the MMT is simplifying the cause of the very few know hyperinflations in history to just pri ting more money. This in it self is also wrong, since money printing was only the desperate reaction of the government to increasing inflation expectations, exaggerated price setting and a complete loss of demand for the respective currencies
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  27. ​@pebblepod30 there plenty of experts explaining MMT very well. Need names, podcasts or whatever? 🙏
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  28. I really love your videos, but I really always wonder why you keep pronouncing the very simple, yet not entirely true rule that "increasing money supply increases inflation". I mean, I know that you know the topic must be dealt with differentials, since it is dangerous to communicate so simply. More money does not automatically increase in flation. It really depends on the kind of money supplied (QE, government spending, etc.), as well as which market is regarded (consumer goods, stocks, real estate)
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  29. Too many of their "Call Centers" are Scam Centers stealing old citizens' money in all Englisch speaking and now also in other European countries
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  30. I usualöy like your analysis, but this time I guess, you underestimate the climate consequences in hot countries. Their are not just all-year-round holiday paradises with enough food to hunt all the time. They are hot! And dry! People often lack water and failed to realy on enough crops to be grown or food to be cool stored. Even cattle stock is hard to keep alive. No big civilization was able to grow without sufficient fresh water supply, even if artifical like roman aqueducts or Mesopotamian channel system. So, I think there are further variables in that corrleation like food supply and community complexities. Else people in really dry areas have to live at low rates, similar to people in very cold areas. But yeah, if weather is the same all year long, you dont need to invent storages over winter, and therefore built up and defend settlements - those factors drove a lot in civilisations development with all their growing poulations, wars, and much more. However, thanks for yet another very interesting interview! 🙏🇩🇪
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  31. Hmmm... little correction: since quite a long time, banks don't lend the money as loans that they received as savings. Those are quite separate busineses with just some limitations or regularities to not credit too much (minimum own capital) and somehow earning enough money to pay savings interest rates.
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  32. A really great summary of a big topic changing throughout time so much that it is really hard to Deduction what really is going on 🙈
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