Comments by "Maria" (@maria8809ttt) on "Labour’s plans for private sector growth could just as easily deliver a recession" video.

  1. Excellent, also I would recommend Reclaiming the State by Mitchell and Fazi. William Mitchell is one of the world's leading heterodox macro economists and Professor of Economics.
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  2. The exponential growth in personal debt is unsustainable, this in turn will lead to high levels of mass default, this will then lead to a panic (whom is holding the bad debt.) As experienced investors pull their investment capital to safety. There will be a liquidaty crunch and a breakdown of the global banking system. This is where sovereign central banks and governments step in, as was done in the Global Financhel Crisis. Only this time it will lead to an economic downturn larger than the Great Depression. I don't think the Capitalist Neoliberal Doctrine will be seen as successful when this turmoil comes to pass. The system will not sustain this level of inequality for ever. The automatic stabalises built into the system will engage. As the saying goes, we shall see who has been swimming naked. The Global Financhel Crisis will seem like a walk in the park. Let's hope that there are stable and knowledgeable governments when this happens. I won't hold my breath.
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  3. It's spam.
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  4. Various analyses show that in the 1930s Japanese finance minister Korekiyo Takahashi was able to jump- start the Japanese economy by allowing the central bank to create money to fund public works. Korekiyo is famous for abandoning the gold standard in 1931 and introducing a major fiscal stimulus with central bank credit that 'was found to have been crucial in ending the depression quickly. Ellen Brown has demonstrated how the German government used its currency issuing powers to finance public investment from 1933 to 1937 transforming a' bankrupt' country into the strongest European economy in just four years. While Ryan-Collins and others have shown that OMF (Overt Monetary Financing) was critical to the economic development of Canada (1935-71) and New Zealand (1935-9). Also OMF pulled America out of the Great Depression. OMF however has stipulation, it can only be proformed to create public good projects. This is why it is bypassed by the use of bond issuing currency creation via the private sector. That currency creation can be used to receive interest from citizens. OMF is not interest bearing, therefore of no interest to private banks as it reduces their profit potential.
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  5. The UK can pull up before we hit the ground, but how far are those in power willing to let us fall.
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  6. This is only if we keep our own currency and central bank.
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  7. America??? Canada??? New Zealand??? The point I was making is OMF is a proven option to reverse economic downturn.
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  8. A correct understanding of the capacity of monetarily sovereign (or currency issuing) government, and more specifically an understanding that such governments are never revenue or solvency constrained because they issue their own currency by legislative Fiat and therefore can never 'run out of money' or become insolvent. These governments always have an unlimited capacity to spend in their own currencies: That is, they can purchase whatever they like, as long as there are goods and services for sale in the currency they issue. At the very least, they can purchase all idle labour and put it back into productive use, such as caring for the elderly and disabled etc, etc. Macroeconomics.
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  9. It also needs understanding that there is no such thing as a balance of payments growth constraint in a flexible exchange economy such as the UK in the same way as it exists in a fixed exchange rate environment. A monetarily sovereign nation that floats its currency has much more domestic policy space than the mainstream considers, and can make use of this space to pursue rising living standards. Understanding the operational reality of perminent Fiat economies is paramount to the quality of life people can achieve.
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  10. I am hoping that the information that is being inputted to AI by Professors in macroeconomics will eventually bring correct macroeconomic information to the general public. Allowing understanding on how the global monatery system actually works, also the capabilities available in providing a better life. This is not my area so I have no idea if the correction inputted to AI can be interfered with by people that control the system. I would be interested in knowing how AI would assess this information.
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