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

  1.  @thpark8189  But they are raising rent to cover their higher mortgage payments, which are caused by higher interest rates. When those interest rates come down, and the mortgage payments come down, then why shouldn't rents come down too? Otherwise it's not profit, it's profiteering. And I speak as a forment landlord, so I do know how it works.
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  2. Making money off money. Rentier capitalism.
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  3. Keep listening to Richard Murphy, read his blog, watch the rest of his videos. It's complicated, but as he explains it, it does make sense.
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  4. Straw man argument. Theoretically the rich can move their wealth with the click of a button, but not many do, because they have lives, families, property, jobs in this country and they like iving here. Where will they go, that won't tax them? And would we miss them, if they are not paying their fair share of taxes anyway?
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  5. Cui bono? Who benefits?
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  6. Data is (are) neutral. Collecting it is neutral. Using it then becomes a question of intent: benign intent, to benefit society, or malign intent (looking at you Dominic Cummings, Elon Musk, Nigel Farage) to use for political and financial gain.
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  7. Funds from premium bonds are not linked to a specific project, like NHS, energy efficiency etc.That's what's different about Murphy's suggestion here.
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  8.  @arthurdixon5890  You're welcome Arthur. Good to have a reasonable conversation!
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  9. COme back in a year and tell us all about it. I won't hold my breath.
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  10. They are.
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  11. Premium Bonds are counted in the national debt. Billions of £££ owned by you and me, and in effect., saved with the government. It is only debt in the sense that it will be paid back to you and me at some point. So not debt in the sense of a liability that is problematic. Also government bonds, as Richard has explained.
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  12. The confusion is partly due to the members of the House of Representatives being referred to as "Congressman / Congresswoman"
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  13.  @sllabres1  You are right about the use of the term "debt" and "overdraft". In other more detailed blogs and videos, Murphy is clear that these concepts are not correct. I think he uses them here to try and keep the message fairly simple to understand in a very short exposition of a single idea - this time, the idea that MMT leads to uncontrolled spending.
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  14. Taxation is primarily for regulating the amount of cash in circulation, and the government has to do this to manage inflation. Taxes do not pay for anything.
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  15.  @kayedal-haddad  The government can control inflation by increasing taxation. That is a fundemental assumption of MMT. Taxation is simply a way of removing money from the economy. And of course, that supports the notion that the government does not raise taxes in order to fund its programmes. It created the money, they taxes it back when necessary.
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  16. Don't believe in gravity then?
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  17.  @starShadowe  Yes.
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  18. That is an excellent question, and I would like Rachel Reeves to answer it.
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  19.  @Hickalum  In the very first minute of the video, Murphy says "tariffs imposed on goods from China". Were you not paying attention?
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  20. If you had been paying attention to Richard Murphy over the many years he has been producing a daily blog, then you would know that he is not party political, and not interested in clickbait. He has been equally critical of the Tories.
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  21. The clue is in the word revenue. It means "that which is returned to you". Nothing to do with spending.
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  22. He spoke about fascism in detail in yesterday's video, and explicitly referred to it at the beginning of this one. You clearly were not listening.
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  23. You are not alone. As a dual US/UK national, I completely agree with you, as do many thinking Americans.
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  24. Yes he did. That's why I have unsubscribed from Washington Post.
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  25. Bless!
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  26. Both
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  27. It's not just apathy though is it? If the subject is never discussed then of course people won't think about it.
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  28. Great book.
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  29. But the government doesn't need to balance the books, and certainly doesn't need a surplus.
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  30. Wrong. The Bank of England sets interest rates. How can you not know that?
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  31. The republican movement is growing fast. THe monarchy is not universally loved, it is mocked and scorned by many. We are getting there, but you are right, the ancient privileges of class still have huge influence.
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  32. Two wrongs....
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  33.  @davecross4493  It may need called Modern Monetary Theory, but what Richard has described in this video is not theory. As I have said, and the bank of England has confirmed, this is how government finance actually works, today, in the UK.
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  34. No, the government is the guarantor.
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  35. You clearly haven't listened to all the other videos, or read the hundreds of blog posts, or his books. A seven minute video on one topic might seem reductionist to someone who isn't paying attention.
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  36. Good question
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  37. It won't be moved to an account in the UK unless it's for payment or investment; in other words, it might be moved to someone else's account, but not the account ofthe owner.
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  38.  @jeff__w  A wonderful book.
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  39. Politics. And keeping the city happy.
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  40. Actual cash - i.e. coins and notes, represent about 3% of money.
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  41. Where can I get me a pair of crypto earrings? Or a crypto wedding ring?
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  42. No, you are wrong!.(Just adding to the intellectual debate here /s)
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  43. Palantir.
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  44. What point are you making?
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  45. No, in these discussions "money" is debt. You can't define "money in its truest sense". This is a discussion tht requires you and me to accept the definitions being used. Richard Murphy makes this quite clear.
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  46. ​ @inthefieldunderthesky Do educate us then. Give us the benefit of your superior knowledge
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  47.  @Hickalum  What is is with you and cranberries?
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  48.  @foxmoongaze  That's why Richard suggested it's a misnomer to call it a theory. If a theory can describe what actually happens (like gravity or evolution) then is it a theory?
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  49.  @ltmund By January 20th 2025?
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  50. I don't disagree that this government is apparently clueless or worse, being manipulated by the city. But to say there has never been such a rudderless band of misfits in charge of this country is to forget David Cameron, Theresa May, Boris Johnson, Dominic Cummings, that lettuce woman, and Rishi Sunak.
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