Comments by "Al Loomis" (@alloomis1635) on "How NOT To Save An Economy (w/ Richard Wolff )" video.

  1.  @user-gl1lr2qn6y  you have corn? and yer own piece of pavement?
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  2. continual inflation, moderated at intervals by massive inflation. those few remaining readers of 'decline and fall...' will be nodding their heads. a more homey explanation is simply that there must be just enough money in circulation to facilitate commercial life so too with toilet paper- factories only make money when they fill a market at maximum production. then someone disturbs the society, and toilet paper disappears for awhile. so too with money- it disappears into foreign exchange gold and trunks under the bed next to the toilet paper stash. so a temporary cash dump attempts to repair the social collapse. but that under-bed money will reappear and shlump goes the value of the usd. what a way to run a nation! academics who participate in this medieval charade should be ashamed of themselves. and it;s not necessary- a modern nation has cured all this nonsense with telephone money. aka wechat. china, of course, humanity's vanguard nation . who wudda thunk? and they have not had a toilet paper famine, unlike australia. and usa of course. backward nations, both.
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  3. much as i admire the management of the prc, lending money to the usa is clearly foolish, in the financial sense. otoh, they have a grip on american society which will preclude some of the nastiness tha usa practices on the weak. they can destroy the usa economy by dumping those bonds. of course, they would lose billions, no matter how clever they are. but it would induce every foreign government to get out while they can. exit usa from world trade, and history. they have to do this sometime, usa management is simply suicidal, since it is of secondary importance to the personal wealth of the owners of the nation. china must choose a time when they can drift out the door with other early adopters. finance is more exciting than many people realize!
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  4.  Rebecca Conn  they take very good care of their land, where possible, but earlier industrialization did poison some land and rivers. reclamation is proceeding, as world leadership in green energy releases energy demand on coal.
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