Comments by "Karl Kerr" (@karlkerr7348) on "What is Money?" video.

  1. Money is a loan, it says so on the currency: I promise to pay the bearer on demand
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  2. Money is what is itemised on a ledger ie an account. It doesn't have to be tangible. The key is liquidity of money.
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  3. If everything balances to zero, how does that explain the financial crisis of 2008?
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  4. Debt is some else's savings
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  5. Loans, ie bonds, gilts....
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  6. Gary nails it right at the end! Governments can never run out of money 💰 but you can run out of resources. It's the latter that causes inflation when supply of the former exceeds the availability or supply of the latter.
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  7. There is nothing wrong with the concept of economics. It can be abused like any other tool by bad actors.
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