Comments by "Asbestos Muffins" (@AsbestosMuffins) on "Economics Explained" channel.

  1.  @Hilaire_Balrog  you don't want the 'free market' the US used to have before the regulations of the 30s. CEOs were murdering strikers, causing massive social and environmental damage, forcing people into poverty through company towns, and buying themselves into office
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  2. I'm more partial to Universal Healthcare instead of a UBI because you have to state that in the US as the libertarian UBI proponents also want to eliminate public healthcare programs
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  3.  @callous21  ya because the millionaires would have used that 7 million to make jobs instead of, idk horde it away like they currently do
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  4. raise interest rates -> Crash the stock market, the poor loose lower interest rates -> loose monitary policy causes inflation which crashes the economy, the poor still loose
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  5. mercantilism is perfect if you insist the world is zero sum and somebody has to be stabbing you in the back, yet its still shocking certain graduates of esteemed colleges in Pennsylvania can still subscribe to it into the 21st century
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  6. I always wonder if we'll get to a point where persistent low growth rates force some government to mandate lower hours to increase consumer spending
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  7. the other issue with Universality, in the Us we have this massive undocumented immigrant population that lives under the table, UBI would pass them over without fixing the issue
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  8. and yet the stock market is doing fantastic!
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  9. the problem is that even office workers are becoming hourly, so cutting down hours reduces income instead of benefiting workers and in the USA of Freedom if you can't afford your benefits and costs you die, there is no state aid to make the gig economy work
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  10. "Since people aren't going to pay 300,000$ for a titanium toyota cammery..." Tbf, people pay 300,000$ for replicas of 60 year old sports cars, people are tots irrational in that sense
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  11. Its impossible to do this without the ukraine russia war, it can't be said if covid caused putin to invade or if it was inevitable
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  12. Gold can always be mined, recycled, and rarely just lost; Bitcoin though cannot be recovered once coins are lost, and the total number of coins is going to be capped until such time the major holders decide to devalue the coin by lifting the cap, which I'm sure they'll get around to... long term inflation of bitcoin is going to be a huge problem
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  13. Lets see how well Texas survives 2020 with a massive crash in sale tax revanues and lack of income tax vs New York who saw the same crash in sales tax but has an income tax
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  14. CPI is such a complicated thing to calculate though, the more data points you collect, the more realistic it gets. I think they even go as far as contact stores directly to price check things like specific brands of butter or milk
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  15. biden really screwed up reappointing powell, he refused to ease up on QE while the economy was blowing up, and now when we need it we're already overbought
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  16. once again, a video that thoroughly explores the issues and solutions, but again the issue is that the US is just not working on the problem whereas other countries are. We can avoid the spiraling debt of the current system, we just aren't because a minority of the government has outsized veto power over the rest of the government
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  17. maybe just anicdotal but it does seem like manufacturing is moving towards a 4 day work week regardless of government action. Quite a lot of the jobs I've interviewed for have been for 12 hour 4 day weeks instead of 8 hour 5 day weeks. Whether that's still good (or healthy for the workers)is up to debate. Seems like they want to be able to be open 24/7 but don't want to run 3 shifts
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  18. yes, and no, but also yes. The rich get richer both through the continued gain of wealth and through their assets and that's not stopping the poor from getting wealth, but the rich control the political system to tip it towards giving them more wealth, and also prevent the poor from getting any boost to their wealth, think tax cuts and stopping universal healthcare. One directly gives the rich more wealth while the other directly blocks the indirect transfer of wealth to the poor its the control of the political system to squash the poor that people are sick of because rising tides aren't lifting all ships and this is all before we get to the growing ecological collapse caused by global warming which will require the rich to give up some of their wealth to ensure society survives Economists seem to be a bit too myopic when it comes to the larger political, industrial, and environmental issues caused by wealth inequality
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  19. take big rock, park in orbit, ???, collapse the global economy because its material value is somehow worth more than the entire market, profit!
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  20. on inovation, its OK because in the MCU they were already starting to adapt alien technology, post thanos the interactions with advanced interstellar societies seemed to increase
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  21. amazon "barely" turns a profit like hollywood "barely" turns a profit on its own businesses. They can bill themselves for services provided by their own companies, creating loss where there is nothing but profit.
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  22. but that 0.04% of the economy that was fishing should be doing great, minus the french navy threatening to blockade the channel and the environmental problems with overfishing
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  23. dealing with the logistics of supplying enough money and keeping circulation up would alone be too huge of a problem for any one nation to deal with, and too many competing ideologies and policies to make any supernational bank work either. The Euro sort of works because the european countries are more or less aligned in a lot of areas, but the european debt crisis showed that doesn't always happen either. Try throwing a country in Africa onto the Euro, they'd have totally different goals.
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  24. thing I find funny is they burned every bridge with the west to pivot to russia, then when russia turned against them they went all out antagonizing russia too. Where's your endgame Erdogan?
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  25. "Steam powered cast iron meat grinders" lol that's a new way to put it
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  26. if only gold wasn't absolutely sacred, they could have invented coinage
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  27. the line is awsome!...when we need a setting for a dystopian post apocolyptic movie akin to Escape from New York
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  28. Seems like technology can't solve social problems alone and expecting productivity and technological advances to solve social issues regarding labor and its worth, has not given the prosperity promised
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