General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Taylor Griffith
Eurodollar University
comments
Comments by "Taylor Griffith" (@taylorbug9) on "Eurodollar University" channel.
Previous
1
Next
...
All
A consumer economy will collapse when people can't afford to consume.
101
And half our country is arguing for this. They don't understand higher wages means more stability for everyone.
2
Money is not a finite resource, and the idea that more of it existing makes it worth less is ridiculous. That is for finite resources.
1
@simonkoeman3310 I never said print endless amounts. And those countries, along with the entire world. Still subscribes to the idea that more of it existing makes it inherently worth less. I get it. That's how money functioned for thousands of years, when it had to exist physically. But a lot of money exists as zeros in a computer now. It's not real. It's just a tool. Not to denote value as you said, but to enable barter in the easiest way. Value is subjective. Something could be incredibly valuable to you and worthless to the next guy. Money simply allows for easy bartering. Imagine if it didn't exist and we still had to trade things. How inconvenient it would be if the person who had what you wanted didn't want anything you had. That's why money exists. Doesn't really matter how much of it exists. You can only buy what exists to buy. We either have to stop letting the super rich horse money and resources, or we have to print more money. The entire world lives under a consumer based economy. We've seen time and time again. When consumers can't afford to consume, the economy collapses. We are quickly reaching that point. Like running head-on into the collapse of our economy. We have to do something.
1
Previous
1
Next
...
All