Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Leeja Miller" channel.

I'm been a conservative my entire life and I've never heard such a ridiculous conspiracy. These Youtube bloggers and influencers literally push the ideas that these things are (widespread) because they'd be out of a job if you quit clicking on their videos.
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People are not thinking this through on a financial level. Inflation is a result of debt obligations. The UBI you would receive, is a creation of that system. That newly created money produces higher demand and higher demand pushes up prices. Giving you UBI would just cause annual inflation to go up exponentially. You would need an annual inflationary adjustment just to keep up with the cost of living. We just went through this between 2020-2023 and people still don't understand how 'money printing' from debt obligations leads to higher pricing in the markets. You can call it greed all you want; it's sophomoric reasoning to a complex economic model.
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How do you account for UBI related price inflation? Giving people 'free' money or better yet (0% interest loans - from a technical standpoint); this only creates price inflation. We already saw this from 2020-2023 when the federal funds rate was set to 0.25% Could you imagine how much food prices would go up with UBI?
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How would you account for UBI's role in inflationary pricing? We saw what a 0.25% federal funds rate did to the economy; 42% inflation in the last 3 years according to the USD M2 Supply. Giving everyone more money would just increase grocery and all other prices. Inflation would increase again and each year you'd have to pro-rate that UBI with an inflationary adjustment that was probably in the 5-15% range. It's a quick way to make all essentials REALLY expensive.
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UBI would cause massive price inflation. Didn't anybody learn from the federal funds rate being 0.25% in 2020? Inflation went out of control and food pricing went thru the roof. UBI is essentially a (0% interest loan). Could you imagine how bad pricing would get if we just gave everybody free money?
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Yeah, abut that. Who's getting billed? When demand for chicken increases and prices increase; who's paying? UBI is an inflationary nightmare that would destroy the free markets.
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Maybe people should realize that it's the government that causes these problems by creating dollars out of thin air in a Keynesian system. It has nothing to do with capitalism.
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@McRae1 The 'ONLY" problem with UBI? I swear, economics needs to be a required course for high school graduation. Simple question for UBI supporters! How do you account for UBI related pricing inflation in the economy? All inflation is a result of debt obligations. Creating UBI would be a result of the Federal Reserve/Treasury selling bonds or giving out loans. We already saw what a 0.25% federal funds rate did to the economy 2020-2023. Inflation peaked at 9.1% June to June, but is up 42% since January 2020. UBI would essentially be a (0% interest loan; as far as the market is concerned). When UBI gets spent on groceries; it will cause inflationary pricing in the food markets. Then you'll have to pro-rate the UBI each year to reflect those inflationary prices. Not to mention all the other areas of the market UBI would be spent on. You'd be giving a 5-15% raise in UBI each year to maintain the standard of living at the bare minimum.
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@sonofra889 The searches were tracked to their respect municipalities? So you have access to Google's personal database on it's users or they made it public?
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It's brain-cells actually. UBI would send pricing out of control. Consider how badly a 0.25% federal funds rate has sent inflation out of control from 2020-2023 and then imagine how much worse it would be by giving people free money.
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Yeah, we already got Obamacare and the Insurance companies got rich on those contracts. Now they rule the markets by price gouging their co-pays and pharma/hospital contracts. Let's DO IT ALL OVER AGAIN in other areas of the market. Economics needs to be a requirement for HS graduation; the amount of stupidity is astounding.
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Another hateful channel; yay! Do people see now that the whole idea behind (censorship) is that one side can have a monopoly on lies? If you can't see it by now; you probably never will. The Third Reich didn't get erected because the working class defied the system. It came about because people didn't question the government institutions that already existed.
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Try that on a national level and watch inflation go thru the roof. People need to apply some common sense to the economic implications of UBI. What happens when UBI pushes grocery prices out of control? What happens when UBI inflationary adjustments need an additional 5-15% boost each year? We just saw what happened when you set the federal funds rate to 0.25%. You get 9.1% inflation from June to June. Imagine what free money (0% interest) would do? It would probably be at least 10% each year.
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Nixon was actually a brilliant President. Not sure what you're referring to, unless it's the gold-standard issue? For the record, the US went off the gold-standard largely in the 1920s after credit began to take over the industry. You haven't adequately been able to exchange USD for gold since before the Great Depression. It's often an over-looked fallacy that people have wrongfully appropriated to Nixon.
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The studies don't account (whatsoever) for price inflation on a national level. Economics is like kryptonite for most UBI supporters. We already saw what a 0.25% federal funds rate does to the economy; 42% inflation in 3 years according to the USD M2 Supply. UBI is essentially a 0% interest rate loan - as far as the Federal Reserve is concerned. How would you account for that? Aside from giving an annual pro-rate adjustment for UBI..
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UBI wouldn't last 3 years; I guarantee you. How do you account for inflationary pricing from UBI?
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To be fair, I don't think you're using the term bankruptcy correctly. The Chapter Laws are about government reorganization of debt. All fortune 500 companies use bankruptcy laws regularly to discharge bad debts typically from legal outcomes. The use of a those laws doesn't determine that the person using them is incompetent; quite the contrary.
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That MONEY was a contribution to price inflation; as much as I hate to say it. One of the reasons that mass inflation took place was due to those tax credits; among other things like PPP loans, student forbearance, and low interest rates. Previously locked 'taxes' that can now be used as cash in the market causes inflation the same as allowing more debt obligations to enter the economy thru the Federal Reserve/Treasury. People are not thinking this through rationally. I think tax credits are a significantly better idea than UBI, but people are not thinking this through on a financial level. It's a sad state of affairs when everybody is looking to the government to say their way of life. Government is why we're in this situation to begin with.
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There's a major economic problem with UBI. All inflation is basically a result of debt obligations that come from the Federal Reserve to the Treasury. If the US Government were to simply 'create' this new money as give it to every adult citizen. It would create an inflationary scenario in all areas of the market that it was used for. If you give each family $12,000 dollars a year; most of that money will go towards groceries and other necessities. That demand will cause all of these prices to increase that ultimately 'diminish' the value of that $12,000. Price inflation would be out of control and each year the Government would need to adjust that UBI to reflect the current inflationary rate. We would eventually spend ourselves into hyperinflation. UBI cannot be accomplished; at least in a free market. They would have to employ price caps and administrative control, which in turn would lead to massive shortages and an equally failing economy. I don't see any way through it.
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