Comments by "Helen Heenan" (@helenheenan3447) on "Richard J Murphy" channel.

  1. I think they also get a dopamine hit from the prestige of their position, the elite company they keep, and the approval of their peers and financial sponsors.
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  2. Thank you for this Richard. Every time someone raises Venezuela, Zimbabwe or Germany post World War I, in what is usually a throw away one line comment to try and discredit Modern Monetary Theory, I will point them to this video. A brilliant explanation of what really caused their hyperinflation.
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  3. Always something new to learn from these videos. Thank you, Richard.
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  4. Quite. And you won't have seen many tenant farmers out there protesting in London.
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  5. I was one of the lucky post war generation too. Born into the NHS, free school meals because my Dad had died, free university education for four years, a good job with a final salary pension, my state pension at 60. And as a result I am reasonably healthy, physically and mentally, have paid a lot of money in taxes, and still do. I have more than paid back my country's investment in my well being. I feel sad and angry that young people are now burdened with debt before they even start their adult working lives. I have supported Labour, in the expectation they would restore some fairness to society. That's another massive disappointment.
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  6. ​ @leehumphries7696 Correct. It's how they justify privatisation. There's no government money, so the private sector has to rescue the railways, water and the health service. It's a big fat lie.
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  7.  @bernardwatts5339  I think the point about the rich is that they have no concept of what enough means. Murphy and Heller are saying the same thing. We can see that they have more than enough, but they still want more.
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  8.  @Leapops  You have to be bright to make money? Really?
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  9. Thank you RIchard. I've been reading your blog for years, have read your books, and follow your videos now on YouTube. I am constantly amazed that almost every day, I learn something new from your posts. Keep up the good work.
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  10. Palantir. Waiting in the wings for Streeing to deliver.
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  11. Excellent idea, well presented. Rachael Reeves should be listening.
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  12. So many people robbed of the joy of singing throughout their adult lives, because someone in school told them they can't sing. Everyone can sing.
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  13.  @MrDeltaHotel  Sarcasm, right?
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  14.  @maria8809ttt  Absolutely correct. The Tories chose austerity, and used their supposed lack of money to justify it. They know how the economy works (well some of them do), but it's more politically convenient for them to starve services we need, like the NHS and education, so that the private sector can supposedly come in and fix them (or make a profit, as they really intend.)
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  15. Welcome - you have found a gem
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  16. Thanks for that, very quotable!
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  17. And if you have joint pain due to arthritis, basic wear and tear, and are living in pain for years, waiting for routine surgery, then you rapidly lose muscle strength. 2 years for a hip replacement now, when 12 years ago it was 4 months.
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  18. Commercial banks can only create money under licence from the Bank of England. So Murohy is correct.
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  19.  @michaelharrison9340  Which experimental medical procedures are you referring to?
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  20. ​ @keithdonnelly8636 Rachel Reeves ' fiscal rules. If you haven't heard her banging on about this you have missed exactly what Murphy is saying
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  21. Modern Monetary Theory is not an entity with agency to blame anybody or anything. It simply describes how money works in today's economic environment.
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  22.  @halfdan_f  The government owns the bank.
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  23. If there is a danger of inflation caused by too much money in the system, then the government taxes it back. Richard has said this several times already in this video series. That is one of the main purposes of taxation.
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  24. ​ @davecross4493 it's not a theory. It is how things actually work. The bank of England has confirmed this.
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  25. Richard Murphy addresses your issues in detail on his blog, and in other YouTube videos. He has thoroughly debunked the figures in GERS. The links to more information are in this video and on this page.
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  26. Excellent idea. Where do I sign up?
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  27. Trolling again. Nobody buys this discredited nonsense about Venezuela and Zimbabwe any more.
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  28. Yes, bitcoin. The latest asset bubble ready to burst.
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  29. Well said, Richard.
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  30. And of course, Bernie Sanders is not a Democrat, but an Independent Senator
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  31.  @malkum61  Interesting. Can you elaborate?
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  32. And neither of them are even good businessmen either. They are at best deal-makers, and bullies.
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  33. A good question. The BoE is following neoliberal economic policies, as is Rachel Reeves and all Tory Chancellors and Prime Ministers back to Margaret Thatcher. It is a failed policy, but does make a lot of wealthy people even richer.
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  34. What happened at Peterloo can in no way be characterised as riots. August 1819, tens of thousands of peaceful petitioners for suffrage and parliamentary reform gathered to listen to a speech by Henry Hunt, and were attacked by yeomen and the militia. 12 died, men, women and children, and hundreds were injured. Not for nothing is it known as the Peterloo Massacre.
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  35. Yes, a must read for anyone interested in this subject.
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  36. Labour had over a decade in opposition to identify this problem, and to plan to fix it. They have not even mentioned a plan, or alluded to the problem, so it's naive at best to expect they need a bit longer.
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  37. The policy has had no effect on the birth rate. It has made children suffer.
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  38. I​ @rhysjohnson1224 it only became " independent" in 1998 as Richard explained. He also explained it's not really independent anyway, it's a politician sham to avoid the government having to take public responsibility for unpopular policies like austerity. So where's the disaster?
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  39. I learn something every day from these videos! Thank you.
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  40. But when mortgages come down, as they will, landlords don't decrease the rent. They just pocket the extra cash.
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  41. Why? Should we ban everyone from using the term "far right"? How about "far left"? Is that OK with you?
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  42. Calling someone a socialist, is not an argument, and using CAPS is not a good look.
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  43. Richard Murphy has been saying tis for years on his blog. There is life outside YouTube!
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  44. GIGO is true of computers. A properly trained doctor will, be able to process the patient's description and reach a better diagnosis.
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  45. You have not understood that MMT simply describes how the economy actually works when a government, like the UK or the US, has its own currency. It is not an idea to be debated, or experimented with. It is a fact that needs acknowledgement by those in charge of our economy. It makes a nonsense of the claim that there's no money, that we have maxed out the credit card, or that we need fiscal rules to balance the budget. All of those ideas are political gambits to give the government a rationale for austerity. And why do they do that? Because they are in hock to the city, the wealthy, and the plutocrats, who always benefit from austerity.
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  46. Yes, it is important, because when governments say they can't afford to do things, they use the excuse that they just don't have the money, hence austerity and its associated evils. If it is accepted that the Bank of ENgland can create the money the government needs, then talk of austerity is deceitful.
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  47. One easy way of driving the profit motive out of politics is to ban huge donations to political parties by large corporations and billionaires. Here in the UK, and in America, politicians are bought and paid for by corporate lobbyists, and billionaires.
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  48.  @stumac869  Flooding is caused by too much water. Now where do you think that comes from? Just the sea level rising, or do you think excess rain might have something to do with it? Check out rainfall levels jut this year compared to last.
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  49. Completely wrong. Everything you have suggested has been explained, debunked and recorded by Richard Murphy.
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  50. No, the private sector cannot function without government spending on infrastructure, education and health. Or without the legal system, police, courts. You are talking nonsense.
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