Comments by "Guy Who Likes Ecclesiastes" (@EcclesiastesLiker-py5ts) on "Neoliberalism: From Ronald Reagan to the Gig Economy | Tom Nicholas" video.

  1. Your description of Hayekian economics is highly reductionist. While he did make certain philosophical points, his main advocacy was based on economic policy, that Keynesian borrowing to fund expenditure was unwise. At any other level people agree that you cannot borrow money you cannot repay and that intervention that nessercerily creates a distorted market, leading to unneeded demand, is inefficient, yet it is considered inherently right when dine in the frame of Keynesian economics. A state isn't a household, but neither can borrow infinitely without eventually having to pay back what it owes or default. When countries default, you get Lebanon, Greece and we know where those ended up, and when you inflate the currency instead you get Venezuela, Zimbabwe, Weimar Germany. He was in no way suggesting that no law or regulation be levied on capitalists, rather that it not be excessive.
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