Comments by "Kim O\x27Brien" (@kimobrien.) on "PragerU" channel.

  1. 1
  2. 1
  3. 1
  4. 1
  5. 1
  6. 1
  7. 1
  8. 1
  9. 1
  10. 1
  11. 1
  12. 1
  13. 1
  14. 1
  15. 1
  16. 1
  17. 1
  18. 1
  19. 1
  20. 1
  21. 1
  22. 1
  23. 1
  24.  @stephenlord2200  To make a profit you must sell at a price above the cost of production. You don't sell at the "best price possible." The best price for the seller is not the best price for the buyer. If anything you try and sell at a monopoly price where demand exceeds supply. The labor time per unit is held to a minimum. The labor quality is correct for the commodity produced. The workers production work week hours are the longest. If you can't make a profit your headed for bankruptcy court which is in the constitution. if no one could lend and no one could borrow would we need a bankrupsy court? You say your going to end fractional bank borrowing replacing it with banks doing exchange processing for fees only. If I'm GM with a pile of profits can't I still lend what I have in the bank or from a self bank. If I just keep the profits I and other companies making profits will contract the money supply just as you blame the banks for doing so now. Most of the working class is in some kind of debt now. If the banks or GM and other profit makers can't lend do we rent everything so we can stay out of debt? The advantage to selling and lending money over renting is an owner becomes responsible where as a renter is less likely to be. Since money itself is a universal commodity a lending contract is really just a renting of money contract. If I am bad at fulfilling my money renting contracts my credit score goes down. That's why I say your idea of being able to get rid of debt such that the banks or others can't lend is not possible within the framework of a capitalist system and more like a medieval one were usury was forbidden. If you do allow lending that it must be kept above a black line. If you do that then all your doing is moving where the zero is on a number line of positive and negative numbers.
    1
  25. 1
  26. 1
  27. 1
  28. 1
  29. 1
  30. 1
  31. 1
  32. 1
  33. 1
  34. 1
  35. 1
  36. 1
  37. 1
  38. 1
  39. 1
  40. 1
  41. 1
  42. 1
  43. 1
  44. 1
  45. 1
  46. 1
  47. 1
  48. 1
  49. 1
  50. 1