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I'm sorry MMT and massive fiscal stimulus into things which don't push up productivity nor raise tax receipts make a country and especially those with wealth and income, including private businesses poorer. By redistribution of capital from the efficient private sector to the bloated public sectorand from economically active, efficient and prudent to the inactive and economically illiterate you are harming the country. Controlling goods demands by the government taking everyone's money doesn't help with supply of inelastic needs such as housing, food, clothing and healthcare... you need to raise production of tangible goods and reduce the cost of that production. The primary fuel being fossil fuels and mechanisation and automation. Skilled engineers and technicians are the next requirement. Currently Net Zero policies, EDI equity nonsense is undermining workforce skill and capability and all this wider expansion of diluted economic theories that amount to magic card tricks disguise the need to fix the physical economies of most western countries!

Lopez Patricia Taylor Kenneth Thomas Richard

One thing that I appreciate about the film version of The Big Short is how much certain characters remind us of the human cost on the other end. The IMF apparently needs a regular reminder of that, but I'm not so sure the ECB and Greece's austere partners have been worse to Greece. They certainly seem to have missed the opportunity to learn something themselves.

Other countries has massive energy constraints.... if the US had the sane issues it would've been closer to 15-17%

Prices go up with less speed due to fiscal and mmt.

bullshit...Govt creates inflation by printing money.. 1.9 trillion is a lot of $$$ printing my dear.

A reminder: as way above target inflation was taking hold, Kelton was still calling for permanent trillion dollar deficits (well, she got those! But also very high inflation and /or high interest rates). in the days when a trillion bucks was still a lot of money.

The fact that there are supposed “experts” that support MMT is appalling. Imagine a world history professor who insists the earth is actually flat and continues to be employed in the government or a prestigious university. These people deserve to be laughed at.

MMT is the most idiotic economic theory designed for lazy thinkers, leftards, and wannabe central planners. Keep giving these MMT guys a venue to explain their nonsense and do not complain later about economic crises.

The cognitive dissonance is unreal. Sure, supply chain issues, misguided energy policies and slight increase in profit margins played a role but she frames these factors as the primary culprit, rather than a 40% increase in the supply of money.

Walker Christopher Lopez Laura Anderson Timothy

Harris Jose Lopez Shirley Davis Kenneth

Mmt is very attractive if you’re naive enough to believe that price paid and value created is always a 1 to 1 relationship.

No! Question answered!

Unfortunately, under a system of fiat currency and expansionary monetary policy, money ceases to be good store of value. Thus it ceases to be money, even though it is still a unit of account and means of exchange. This is driving the interest in cryptocurrencies.

Obviously nobody is trading paper currency, save for a few low level drug dealers.The cartels already have governments and banks on the payroll. But that's small change. Now, correct me if I'm wrong, but any bank that trades in dollars must have a ledger account with the Federal Reserve. That's why sanctions work. They can be frozen out and will collapse the next day. That's how we weaponize the dollar. It's why obscure Chinese banks, threatened with secondary sanctions, have cut off transactions with Russia recently. I'll listen to the rest of this, but its sounding awfully woowoo

Question not asked post stimulus: How do we avoid consultation of wealth among the top classes that benefit from all the receipts of stimulus and MMT but do not return that money back into the system that results in the consolidation of that money in the hands of the few? How/what Tax policy or other policy? Trickle vs flow vs consolidation IE…poor and middle class spend all the money and pay all the taxes. Large scale corporations pay minimal taxes abc do not wheats need to spend that money, they have minimal pay raises, few capital improvements…also high interest rates slow growth among the poor and borrowing class but do not have the same impact on those holding large sums of cash. In fact their cash holdings are elevated in value due due to high interest rates meaning they cash is worth at least the rate to the consumer + Potential answer: CAN Tax policy that incentivizes spending from the top, tax credits for wage growth, deductions for new capital improvements, fair tax rates for large cash holders if they do not reinvest the money in the system?

Davis Brenda Brown Mary Jones Angela

Political (& US-Debt) spin in a softball interview .. Sentiment on unemployment vs inflation is fair, but US hyperinflation is required (to escape bankruptsy from debt non-attendance) will move this sentiment-balance. US-Energy (& baby-formula!?!) spending are lo-budget items in the US-Budget (& not worth mentioning). Federal Reserve cannot alter inflation with rate changes (to the degree needed by US-Government) - Only event that causes US inflation is when the Treasury prints more money (To support Government overspending; In OZ we just add %-points to our house prices, stealing off our children). Yes to escape bankruptsy, US needs to walk a tightrope to increase inflation (to devalue government debt over the long term), but keep rates down to lower the debt-interest payments on that same debt. They will fall off this tightrope soon - And this commentator blames the Federal Reserve for not participating in continued Government overspending, instead spinning evil higher rates narrative as hurting citizens, when it's really inflation (ie. Prolonged Government overspending increasing excessive Federal Debt). God Bless America 🕊🦅🕊

Terrible and childish questions. Stephanie is fantastic and a great communicator.

Let’s address the “solving inflation is easy just increase taxes.” lol if the government spend all of it plus some inflation will not be stopped. The only cause of inflation is an increase in the money supply. The only solution is a reduction in the money supply.

Inflation is an increase in the money supply (Copernicus 1530) Milton Friedman was regurgitating Copernicus. And this mung bean is challenging Copernicus or completely ignorant of where inflation comes from.

MMT - what’s the actual theory? This is total nonsense from academics. An Excuse for government deficits at best. Central planning at worst.

As deficit goes up, rates eventually go up. Any cent the government borrow is a cent a private citizen can not. So it’s a matter of efficiency to have less government debt.

MMT is a tax on currency, controlled by firing the people that most use it, what a great theory!

“Interest is causing inflation so stop paying it.” This guy 😅 Bond buyers ultimately set the long term interest rate; when they stop buying your bankrupt governments debt at all. Just make rates 0% ok fine but who would buy a bond with a zero rate???? Absolutely misguided

QE explanation was overlooking the guy who used to have a bond (money in the fed) and now he has the cash. The cash ended up with the seller of the bond. Also the way they financed the purchase was with printing. So there was inflation it just went into asset prices in 08.

A permanent 0% in England and every English Misses Wantanabi will be sending cash to the USA. Outflow of cash with permanent 0% Ridiculous this guy can walk and breathe.

MMT sounds a lot like central planning The only cause of inflation is an increase in the money supply (Copernicus 1530) This tool is no Copernicus Deficits eventually lead to higher interest rates. As we are starting to see. History will wipe its ass with MMT

In 1530 Copernicus identified inflation is 100% due to an increase in the money supply; this lady is no Copernicus. Milton Friedman regurgitated Copernicus on money supply causing inflation 100% Government deficit spending eventually leads to higher interest rates. So this lady is a minor stain on the footnotes of economic history but more dangerous than Karl Marx. M2 money supply went up 40% So fiscal deficit was a small part or the total

I'm quickly coming around to the belief this channel may be the best learning asset for people interested in economics. Beyond numerous thoughts I have on the details, I think this interview, coupled with other recent ones like with Phillip Lane at the ECB, builds the argument that what central banks are with interest rates is almost entirely reactive to price moves and has very little to do with guiding prices. Like the street magician that magically makes people emerge from underground, one might note that he's waving his magic wand above a subway station.

Gonzalez Patricia Robinson Mary Garcia William

Moore Thomas Thompson Helen Young Barbara

Lewis Frank Moore Mark Johnson George

The basic tenant being used is, using violence as a first principle, instead of a reciprocal principle. The very axiomatic foundation of government today has in it, the seeds of its own destruction. You cannot threaten people with violence as a foundational principle and expect the system not to collapse in on itself.

I hope the government does indeed follow this madwoman’s suicidal policy. This will kill the USD faster and make bitcoin win faster. So please - turn that money prjnter on and spend, spend, spend like maniacs!

I can’t believe people think MMT will work.

Wilson Karen Young Scott Anderson Susan

lol, inflation is still way out of control. When the price of food has doubled not to mention home and car prices are unreasonable then inflation is out of control. Take a look at gold and silver. I could say “nuff said” and leave it there but the fed thinks we’re stupid and this is what’s so infuriating. Supply chains are fixed now and “real” inflation is still high. Stop with the MMT myth.

does it take a study for so-called thought leaders to know that people will feel better with a job and higher inflation than no job and low inflation. Really smart conversation but highlights just how little preseicion our economic theories have and how much our economic and political experts overstate their expertise and knowledge.

Inflaction shot up due to energy prices, not covid stimulus , you carnt have it both ways...

Miss, inflation is not gone. Today we pay 50% more then pre-covid generally on all goods and services. And no, monetary stimulus doesn’t cause inflation, it’s the increase in demand due to more money in the economy that causes it which depends on the velocity of money meaning how fast the money changes hands. Now, given that resources are scares (economics 101), it means that of course it’s going to put pressure on supply especially because the supply had been deliberately shut down during covid. I’m always surprised when educated people like yourself try to explain common sense economics away.

What this guy should do is to hold a pen with both hands while he is speaking and never let it go. His hand-waving is a non-stop distraction.

The Fact that USA can printing money without underlying Gold is just insanity by Ex Presiden Richard Nickson But the Problem is why People another Country cannot Do it, Meanwhile US is going to hitting by biggest Inflation in History of America itself, and now BRICS + members are Inventing New Development transfer Banking system without Monopoly by Swift code America Well ...soon The World will losing US dollar as international transactions N US will be Third World country God Bless BRICS +members development ❤❤❤

That fact that people with ideas like hers are influencing fiscal policy is the reason you are getting poorer

This seems to make absolutely no sense to me, from about the third line of reasoning...people only work because they have a currency tax liability to the government?! But if you work more, you earn more income and assets and so will likely have to pay more tax (income or asset-based)! Based on this argument, everyone should want to be homeless!! Then the bit about differentiating between "£-unemployment, $-unemployement" etc...you're telling me that that only reason anyone would want to move country is to choose which government they owe money to?! Is it really this easy to just make up (seemingly) academically credible theories?

Why did the companies decide to raise prices?

Because of control of people

Steve Keen argues that inflation is historically in sync with high margins and profits, and shows that the recent stimulus actually released much larger amounts of cash with far less inflation than in the past. It looks like a small inflation blip compared to what used to happen. th-cam.com/video/wnPVjMwb49I/w-d-xo.htmlsi=TvX00wlLPQPKnoyg

HA!!! She thinks Liz Truss failed becasue she wasn't dedicated enough to the absurdity of government profligacy.