You can tell that Murphy is very Bohm-Bawerkian in his analysis, as he shows that even if we concede to some of the Green New Dealers' assumptions, they are still in the wrong.
@@Paul-A01 To believe FDR's New Deal worked well and to believe that the hideous Green New Deal will work both require a serious lack of critical thinking skills. even bordering on insanity.
@@Paul-A01 Yes, it's where the indoctrination begins. "Don't think, just believe what you're told and obey" should be the motto of all government schools.
Aside from the science being bogus, the real tragedy of making things more "green" is that we waste a lot more resources making those "green" things in the first place than we will ever save by switching to them. When we must provide enormous subsidies for them, they are NOT "green". The ONLY way to judge if something is "greener" is it's total cost in dollars or whatever currency you want to use. If it costs more is is LESS "green" and if it costs less, then it is more "green". The marketplace has been keeping us "green" for centuries now and we should allow it to continue it's good work.
Paul A. Not buying disposable everything will help.
5 ปีที่แล้ว +17
The times of Keynes and Marx are gone, they've proven an absolute failure. For the past century government is trying to manipulate the economy and every time it ended into a big failure. Whether we talk about the students Clinton gave to the bankers, the housing market collapse that was caused by the Clinton's revoking Glass-Steagal, the current QE disaster that's going to rock government bonds and has absolutely destroyed pension funds, or we could go further back to the savings and loan crisis, the plaza accord that caused the 1987 crash (and subsequently the 1989 nikkei bubble) and to claim that the new deal got us out of the Great Depression.... no; the economy was already recovering years prior to the great new deal. If we look to government intervention Marxist style then we even get into more drama. Berlin Wall to keep people fleeing poverty from Marxism, the mass starvation under the industrialization of Stalin, the great leap forward of Mao Tse Tung and the great leap back to agriculture from Poll Pot... not to mention Castro's socialism which stopped progression in Cuba entirely, which is why it's now a tourist destination... you can try to feel the time of the '40's as then progress in Cuba came to a grinding hold under socialism; they still plough the land with an ox! Or maybe a more recent example, the Nelson Mandela case that was so applauded by the left; when he came to power SA was the richest country on the world; now one of the poorest, add to that the genocide of white farmers as the black community that migrated to SA want to get back at the last 400 year of supposed slavery. Or we can go to Venezuela; yeah nationalize the oil companies; then the government fucked up with never ever updating them nor repairing any broken parts; even worse; it was it's main economic output and as a consequence of not creating more economic activity people are literally starving and fleeing the place because there is no food or water.... let alone electricity. If we go back to the US, all the government enterprises failed where the private sector succeeded; whether it's railroad, the telegraph, etc. etc. So the record of history is absolutely crystal clear! No government intervention has ever been a succes!
You don't quite understand Keynesian Economics. No matter what the Austrians say, business investments aren't only determined by the interest rates but rather the animal spirit. To avoid worker turn around and to incentivize hard work, employers will pay more than the equilibrium wage, the efficiency wage if you will. Employers don't want to reduce wages because it'll discourage workers, thus giving us sticky wages. There is plenty of evidence for all of this, and you can't just deny that.
@ I appreciate the incite. I think some combination of both is important. I think Keynes did account for the very thing you were proposing, he called it the liquidity trap. I try to keep an open mind to different economic theories.
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@@kunallobo4136 As I said before, neither work. Look, they've pulled all the Keynsian tricks in the book post 2008 and it still didn't work. In fact they've done Keynsian over and over and over again since WW2 and every crisis only got worse, not better. When your old theory is provenly broken, it's time for a new theory, not doubling down on the same one that proved to fail in the first place. (Einstein: the definition of madness is doing the same thing over and over again expecting different results) As I said, read up on those guys and you find yourself a theory that provenly works, accepts economic booms and busts as fact of life as that's part of the business cycle and going back in history they've always been there, even during the Ancient Greek ones and they always will be... it's rather different from Keynsianism or the Austrian school. It's on a whole different level and playing field then the theories of Keynes and Hayek. It makes Keynes and Hayek look like complete idiots by comparison.
The green new deal is a George Soros plan. Like most far left negative ideas and events that appear to be organic with layers of financing and control.
5 ปีที่แล้ว +36
The GND is the optimistic ramblings of a 12 year old girl.
@O R Y X Lol! That type cannot survive in the wild. Need to feed at the public pig trough. Fortunately I think she is hurting the Democrats more than she is helping them.
No, it's actually a marketing campaign DESIGNED by a guy from Harvard and a silicon Valley billionaire... GND: AOC was not in the room when it was written. She seems to brag about it... IMHO
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@@Freddy-Da-Freeloadah Ah, you've been watching Mr Reagan. No, I think she had some input.
AOC is just repeating what she's told by her Chief of Staff Saikat Chakrabarti, with his Subhas Chandra Bose (Nazi sympathizer) T-shirt. She often tries to put her own spin on things, and ends up sounding, yes, like a 12 year old.
We know this here in europe. Germany, denmark etc. Energy becomes expensive and more ppl have to work harder and longer to produce it. In germany we also end nuclear energy... Madness
Michael Velik yes. Merkel tried to keep the green party from gaining votes by simply taking over their big thing at the time... Now they went full climate change, obviously
Over the past 12 months our 12.2kw rooftop solar has produced 14.5 Megawatts of electricity, all of which is CO2-free, nuclear waste-free, noise-free and aesthetically pleasing to look at. Not to mention it has saved us a truckload of money on our power bills. Bring on the GND as we are proof it can work for everyone.😎👍
This is mostly an informative and interesting rhetorical analysis of the proposal, but the green new deal is a socialist platform, which has never worked. Not ever. There's really nothing to discuss. As an economic analysis it could be stronger. Basic economic principles were mostly neglected. You know the little things like, hyper inflation, total socialistic economic devastation, firing squads, starvation, shit like that. And as Venezuela illustrated, the most devastating of all, no toilet paper.
When you 're as young as AOC, 12 years seems like a lifetime. Either she is speaking of her own experience or speaking to a young generation who have no memories beyond 12 years, or both.
He said we probably "work too much", but the work ethic is what has made life in most industrial nations so much better than life in the "Third World". Take Japan and Germany, after WWII they were practically destroyed, but because their people worked their a*ses of, within 10 years they were back on their feet, and today they are world leaders economically. Yes, they got money to help rebuild, but it took hard work and long hours to put that money to good use. Elon Musk didn't become a multi-billionaire by working 8 hours a day 5 days a week, and taking 4 weeks vacation every year.
The French, British or even Italian people can work just as hard. People in some of the poorest countries also work like crazy. Many of them come to Germany from Africa or eastern Europe and can be as productive as native Germans. Yet in the 70s Britain had a ruined economy and had special concessions to get into the EU. Meanwhile Germany was already an economic powerhouse, even though France and Britain got twice as much as germany from the Marshall plan, and they weren't nearly as badly bombed or had to pay reparations. The difference is the Japan and Germany had their government and bureaucracy completely annihilated, and could start from zero with sound money, relatively free economy and little bureaucracy and regulations. And from very early on, Germany had a 40 hour work week and paid leave. Now Germany and Japan are basically living off the fat they have accumulated in the past decades, but at the rates they are squandering their wealth, this will not last long.
@@HNedel; as I remember the UK didn't apply "to get into the EU", it was one of the founding nations. The Marshall plan was over 60 years ago, so it has little bearing on a nation's ability to compete in 2021. Excuses, like posterior orifices, are very common, (most everybody has one), but the reason the US is an economic giant is people in America work VERY hard. Japan's success is also due to the hard work of its people. If you check into the work habits of most very successful individuals, you will find they work 60 or more hours a week. My daughter is a successful head of marketing for a major electrical contractor in my city, and she starts work at 6:00 am, and usually doesn't get home much before 7:00 pm. How many hours do you work each week? I'll bet not as many as she does.
@@oldgysgt wrong, the UK is not a founding member of the EU, they joined the European Communities (the predecessor of the EU) in 1973, together with Denmark and Ireland. The post-war history and the effects of the Marshal plan cannot be simply discarded because that was 60 years ago. That is when the foundations of what is today were laid, and clearly shows that working hours is not a deciding factor in a nation's wealth. Children in cobalt mines in the Congo also work very hard, yet they are not billionaires, and Congo is not an economic superpower. As I said, 40 hour weeks are written in law in Germany, since 1918, and this has never been revoked. I also work 40 hours a week, so not as many as your daughter does, no. Work ethic is not the same as working hours, as provven by the Germans. Yes, millionaires work long hours, but so do single moms with three jobs. Switzerland is wealthier per capita than the US, yet they don't have as many millionaires as the US, and also don't work 60 hours a week. The reason America WAS the wealthiest nation in the world, is that it had economic freedoms and quite a limited government and sound money for a long period of its history. It had very strong laws for the protection of individual rights and private property. This allowed those who work hard to be rewarded, and attracted many ambitious people from all over the world to work there and create businesses and wealt. This has been also greatly diminished, especially since the 70s. The US was the richest nation in the world, now it is the biggest debtor nation in the world. There has been a stagnation in real wages since the 70s, despite the enormous gains in productivity since then. People don't work fewer hours today, yet a lot of them are struggling to make ends meet. This constant inflation and money printing has basically eroded the middle class, and while it has created many millionaires, there are now a lot more poor people than before.
@@HNedel; the UK was part of the European Economic Community, (EEC), when it became the European Union, (EU), on November 1, 1993. So the UK was a member of the EU from day one. The Marshal plan helped post WWII Europe, but it cannot be used as an excuse for any nation's economic failure 60 years later. Germany has not the only nation in Europe to receive help under the Marshal plan, but it's the economic powerhouse of Europe today. Why? Hard work, that's why. Losers, like yourself, can always come up with excuses for failing, but winners don't waste their time that "the dog ate my homework" BS. They're too busy working to succeed. America became a success because of hard work, NOT excuses.
@@oldgysgt the EEC didn’t stop existing, it was renamed into the EU, there was no „founding“ of the EU, just a transition from EEC to EU. And this doesn’t change the fact that the UK got twice as much money as Germany, and yet in the 70s was much worse off economically. Despite the british working similar hours to germany post ww2 I am not making any excuses for anything, mind pointing where and what excuses I am making exactly? At what did I fail exactly? I just proved to you that germany achieved all this with a 40 day work week, so your imaginary hard working germans that busted their asses for 60 hours a week don’t exist. They do work hard, yet have achieved much more than nations that work on average many more hours. I also explained to you why that is, and why america got wealthy, but it all flew right over your head, for you it’s just „they worked hard, i am right, you are wrong, and also a loser“. Well, nothing more to say to that, except fuck off you retard.
I checked weather data and found that a two degree increase in Centigrade temperature would be like moving from Nashville TN to about eighty miles south of Birmingham Ala. It would be bad for apple trees. They need a minimum number of hours of freezing temperature every year to set fruit.
Retrofit means (if they are doing it for energy efficiency) flatten all the detached houses and move everyone into small flats/apartments. Take your home and take your land - isn't that from Serenity?
17:20 Insulation should be the first goal. That shuts down a certain percentage of coal-fired and NG power plants Then as you move forward, you have a smaller target to reach.
I personally don't think the carbon thing is really that big of a deal. That said, I'll pretend it is for the following questions: What magic technology not tied to carbon emissions will we be using to refit all of the buildings in the US? Do proponents think thousands of windmills can be made outside of the current manufacturing paradigm? Do proponents plan to source and ship and build and refit buildings by hand, sans gas burning trucks and planes and trains? Certainly machines at millions of worksites (every building in the US) need electricity that's mainly provided through coal and natural gas? Do they think resources aren't limited enough to cause problems in other sectors by using them in this way? None of this makes any sense.
No sense at all. We should just let us as people in a really free market environment deal with those issues. I'm pretty sure will be better off in the future
Take any city in the northern hemisphere with a population of several hundred thousand, Canada typically has two seasons, winter and august. Tell the population they have to rely on renewables in two years to provide heat and light. So begins a program of turbines and solar panels installed around the city. Without 100% supply there will no fuel to transport food, parks and yards converted to fruit and veg allotments. Trees cut down to provide heat fuel In an ever widening radius. No manufacturing to replace wear parts. Stripping apartments for spare copper cable as an example. Not easy to light a fire in your apartment to stay warm. The city will become a wasteland. Thats why hunter gatherers roamed.
If we want to fix an insurmountable issue, we shouldn't be taking the much-needed capital away from the entrepreneurs who will be the only ones that will inevitably fix those issues.
Not that I support the GND, but the inconsistency between retrofitting building to be energy efficient and getting off of fossil fuels isn’t inconsistent. Energy efficiency is good regardless of where the energy comes from long term.
Also not in support. Another justification for demand-side efficiency is the leverage gained in reducing the supply side. If you reduce the load the amount of necessary supply (in this case net-new) is reduced by a factor >1, a consequence of the grid having imperfect efficiency.
Book arriving 05 NOV 2019 : What is the Green New Deal and How Can We afford it? By Ann Pettifor The GND has the potential of becoming one of the largest global campaigns of our times, and it started in Ann Pettifor's flat. In 2008, the first Green New Deal was devised by Pettifor and a group of English economists and thinkers, but was ignored within the tumults of the financial crash. A decade later, the ideas was revived within the democratic socialists in the US, forefront by Alexandria Ocasio Cortez. The Green New Deal demands a radical and urgent reversal of the current state of the global economy: Including total de-carbonisation and a commitment to fairness and social justice. Critics on all sides have been quick to observe that the GND is a pipe dream that could never be implemented, and would cost the earth. But, as Ann Pettifor shows, we need to rethink the function of money, and how it works within the global system. How can we bail out the banks but not the planet? We have to stop thinking about the imperative of economic growth-nothing grows for ever. The program will be a long term project but it needs to start immediately.
But what about the Pareto Efficiency that you mentioned? Carbon Tax can achieve that. We just don't have to go all the way to the edge with the Green New Deal.
We should just procrastinate until after the coming little ice age. We might be descending into that little ice age as soon as this coming solar cycle.
This man's presentation abilities are lackluster. Am I the only one thinking....get to the point already. He has so much filler information which doesn't assist with the point.
He is laying the case for a layman, not someone who already is into American politics. You may find the first 10 minutes just jargon but that does not mean he is a lousy speaker, quite the contrary. But can't blame random trolls for not getting basic things.
I don't think that they currently are but I only did a casual search. However you could get this Firefox extension which once installed has a one click button to just download the audio component. Look on the forth page of the insert window that comes up. You'll see the audio options. technologyto.com/extractor.html
I read that the broad money in all of the world. If you turned every currency, gold silver etc into dollars there would only be 80 trillion total dollars. 60 trillion are in world markets. So theres only 20 trillion dollars that is open and used currency in the world.
This video is good, but there are a lot of assumptions in a few of the conversation points. This is because there are a lot of assumptions in the data. Most people dont understand the complexities in the over-generalized term "climate change". It isnt likely that a strict economist would understand these. complexities
Excellent and well-reasoned points made by an incredibly sloppy speaker. Very difficult to follow due to his his rapid-fire tangents and dithering style. But if you exercise some patience, Mr. Murphy covers a lot of ground here, and there is very good information to be had from this speech. All in all, well worth the time to listen.
We are at a historically low level of CO2 in the long term picture. CO2 is part of our cycle of life if they manage to lower it greatly there will be famines. Big population growth needs big farming which needs lots of CO2. Wonder when this simple fact will kick in?
If CO2 based climate change was really happening I would be glad to discuss what to do about it. It's not happening so the IPCC, and AOC and suck my left...
37:00 AOC should come to Africa. The 'green new deal' seems to be in effect here already. We don't have sh*t and are REALLY happy. So happy that we can't wait for a 'get out of poverty free" ticket to enjoy welfare in a first world country, like Europe is so graciously offering now.
AOC's first claim was $3 Trillion. Then it was $6 Trillion. Then it was $7 Trillion. This was her claim for the total cost of the GND. She perhaps should have used something as simple as Google to gather some exceptionally data points. We currently have about 276 Million registered, privately owned vehicles in this country. If we followed her destructive ideology all of those would have to be replaced with an all electric vehicle. The minimum cost of that would be $34,000 USD per unit, and a total of 276 Million units. IF, reasonably we were required to buy that larger battery version because it was better for the environment we would be looking at about 1 Quadrillion USD in replacement cost. We are expecting to have about 281 Million registered car by the end of 2019. The cost for just replacing the long haul trucking fleet needed to support delivery of goods required for basic life is about $13-14 Trillion dollars, and has an additional side cost of the infrastructure required to recharge them, as well as the training and certifying of 300% more drivers. The fleet would have to expand exponentially because the only electric version available has a 25% range of the current fleet on their best day. Just this cost is more than she claimed the total cost of the program would be, and only this small part of the cost would nearly double the current national deficit. The cost of destroying 2/3 of the current power plant infrastructure would have financial costs as well in addition to impacts on daily life since the available energy would drop by 2/3 as well. How we are supposed to manufacture all these electric vehicles without generating the minimum energy required, at the same time requiring massive energy output requirements? Sounds like the GND is a total failure from the word go with no real planning done with the most basic math. Making Internal combustion engine vehicles illegal won't ever work in the US. I hope one of her aids told her that so she abandons this failed idea.
@@erastvandoren No sir, it is not 280,000,000 X 45,000 comes out to 1.26e13. There are already 9 placeholders that are zeros, and the rest of the equation requires 4 places to complete the math. That means a 1 at the front of the answer in this case, with 12 zeros as placeholders behind. 12 zeroes behind the first number means more than 1 Quadrillion is in play. You missed by a single zero, but in this case that makes one hell of a difference as that takes the answer from less than the current national deficit to about 423 times the national deficit.
I noticed that AOC was going to transfer unemployed fossil fuel worker to green jobs but I notice that she never tells what she is going to do with people who are working in the health insurance industry after that activity is outlawed to have Medicare for all. I think the reason for staying away from nuclear power is the age old fear of nuclear proliferation. If you "fix" the energy problems with renewables in 12 years, you have to double the KW-Hours in the next 66 years because US population doubles about every 66 years. This assumes that electrical capacity is not added to the demand from cars and trucks. To get a system of solar panels under current techniques, a circle in the south east desert would have to be 400 miles in diameter and that area would have to double every 66 years. Pretty soon you would run out of "free" government land and the cost of any solar project would skyrocket.
Point taken, but u then must be against carbon based industry subsidies, right? Why didn't you mention it? It's messing with the market, through government, by means of taxes....
Murphy could improve this presentation by acknowledging a right of the people at large to set limits to overall rates of putting pollution and depleting natural resources. Does Murphy believe we have a shared right to set limits to humans' impacts on the environment? What policy proposal does MISES support that would make prices honest in an efficient and fair way? SHOULD we make prices honest, or should we allow externalities to continue to skew markets toward more pollution and faster depletion of resources than what would be the case if environmental impacts were reflected in prices? Biological model for politics and economics: gaiabrain.blogspot.com/2010/03
All of these questions have been answered many times by many Austrian economists. And the answers are all pretty much the same. Mises himself might not have addressed all of these questions, and he might have been wrong on one or two of them. He died like 50 years ago. The only way that we can make prices "honest" is to secure property rights. Externalities are usually the result of "tragedy of the commons". Example: make it so that polluters have to negotiate with property owners to pollute their property, or else prevent said pollution, so that pollution & clean-up prices can emerge and become part of the cost of production.
@@JeffPalasek-cw2hv I think we are largely in agreement, except that I get the impression that you think a corporation that aspires to dispose of unwanted materials by putting them into the air or water should identify specific indiviiduals with ownership rights to the air / water. In contrast, I think it makes sense to think of the resources made by natural processes as belonging to all people equally. A random poll to find acceptable limits, according to average opinion, and sale of an appropriate number of permits at auction, serves as that negotiation process you call for.
"Why would we need energy efficiency if we're all going 100% green anyway?" Dumbest thing I've heard. It would LESSEN the need to build more renewables at least in theory. Duh? Sorry, I have to call balls and strikes.
The New Deal of the 1930's did NOT bring the USA out of the Depression. W W II did that. Full employment was reached in 1942. There was great fear that the Great Depression would come back in 1945 because the military was massively demobilizing and the government was massively cutting back on military contracts. So plants would close with huge layoffs. That started to happen but the plants that built the majority of the tanks and trucks and other vehicles were all automobile plants and there had been no domestic vehicle production since 1942. And then there were things like the GI Bill. And then the North Koreans attacked South Korea and military production started again. So that started an economic boom that did not end to the 1970's.
@@DsantosGE4PA because it has created a system of diminishing returns at the expense of everything and anything. In the long run its a fiction that will lead to our destruction. There are better alternatives than just taking.
@@danielbtwd What the hell are you talking about? LOL I thought it was about youtube monetizing hahahah With no system of prices, we will only create chaos!! What are the better alternatives? Just watch these other mises video and see for yourself! th-cam.com/video/iYq4n2dIz7M/w-d-xo.html
I love how economists keep telling us they know how economies work and how they have all the answers. None of them saw the great depression ( or the earlier ones) or the GFC coming, and when they hit you could here crickets as economists told us how to fix the problems. Can't see the train wreck coming, can't think of a solution when it crashes, and we as a society are happy to put these charlatans back into the drivers seat once the economic train gets put back on the track to rince and repeat yet again. Will we ever learn?
Buzz if you have the means I will forward detail of this title theft in its raw form. This explains the object of this carbon BS and how it is being applied. You can extrapolate from the documents contained to see as to my deductions.
You fail to mention that in the US a corporation has an economic right to pollute indigenous lands and other local communities because there is a parent child relationship to the communities. The corporations right to take land to build oil infrastructure is upheld in US with no recourse for local communities.
All good things start with big ideas, the GND is a great aspiration! I’m not hearing any other solutions, just a bandwagon of negative naysayers! Shame
The idea of a pill that you can take that will make you lose weight and live forever is a great aspiration too. How much should the government waste just to realize that reality actually matters.
Over the past 12 months my 12.2kw rooftop solar has produced 14.5 Megawatts of electricity, all of which is CO2-free, nuclear waste-free, noise-free and aesthetically pleasing to look at. Not to mention it has saved us a truckload of money on our power bills. Bring on the GND as we are proof it can work for everyone.😎👍
@Eric Go too fast, and Civil War is exactly what you get from all those people who lose their jobs, homes, and ability to support their families. This extremism from both sides is exactly what shuts down conversation. If you were really serious about this, then you have to live it yourself. Drop that phone/computer, stop using cars and planes, and be vegetarian. Oh, also stop using anything plastic derived. Otherwise, you are just as guilty as the rest and are a hypocrite to demand so much.
@@Rhino-ep6of…. Go too slow and you destroy the earth. Your next claim was made with out thought. For one person to do as you say will not make a difference. Making a difference is what it is all about. If people like yourself was not so resistance to the truth, it would not be so hard to make a difference ….. remember that!
This guy can’t speak clearly nor defend any of his supposed economic concepts. I hoped to gather some reasonable objections to the green new deal. He only attacks the effort and attitude. Waste of time
Took 15 minutes to determine that this is at best typical pseudo-conservative smoke and mirrors, which is almost heartening, since it reveals how truly clueless the purveyors of such disingenuousness actually are.
These Left leaning candidates are making it extremely hard for me to vote Democrat. Trump and his minions or Dems and "Free Everything and F'up everything" brigade.
38:52 A 100% tax break for insulating houses would have a dramatic effect on the general population as compared to the tax break Donald Trump gave the top 1% and corporations.
As ranked by historians over the past 55 years, Herbert Hoover ranked low to mid 30s, as compared to FDR one of the top 3 over the same compared timeframe. The takeaway here? This dude is not worth listening to.
Hit Reset Button FDR is the guy who appointed KKK member Hugo Black to the Supreme Court, who then wrote the majority opinion in Koremastu v. United States which upheld the “Constitutionality” of the FDR administrations interning of Japanese Americans in concentration camps. Your argument from consensus is as relevant as the answers on Family Feud.
You can tell that Murphy is very Bohm-Bawerkian in his analysis, as he shows that even if we concede to some of the Green New Dealers' assumptions, they are still in the wrong.
How can anyone take green new deal seriously.
They've been taught the first new deal worked so well.
@@Paul-A01 To believe FDR's New Deal worked well and to believe that the hideous Green New Deal will work both require a serious lack of critical thinking skills. even bordering on insanity.
@@rayr5950 no, it just requires public schooling
@@Paul-A01 Yes, it's where the indoctrination begins. "Don't think, just believe what you're told and obey" should be the motto of all government schools.
I know people who do. I’m not joking.
"Miss Cortez, how do you propose to pay for things that you are suggesting?"
"LOLZ, you just, like, pay!"
Aside from the science being bogus, the real tragedy of making things more "green" is that we waste a lot more resources making those "green" things in the first place than we will ever save by switching to them. When we must provide enormous subsidies for them, they are NOT "green".
The ONLY way to judge if something is "greener" is it's total cost in dollars or whatever currency you want to use. If it costs more is is LESS "green" and if it costs less, then it is more "green". The marketplace has been keeping us "green" for centuries now and we should allow it to continue it's good work.
Paul A. Not buying disposable everything will help.
The times of Keynes and Marx are gone, they've proven an absolute failure. For the past century government is trying to manipulate the economy and every time it ended into a big failure. Whether we talk about the students Clinton gave to the bankers, the housing market collapse that was caused by the Clinton's revoking Glass-Steagal, the current QE disaster that's going to rock government bonds and has absolutely destroyed pension funds, or we could go further back to the savings and loan crisis, the plaza accord that caused the 1987 crash (and subsequently the 1989 nikkei bubble) and to claim that the new deal got us out of the Great Depression.... no; the economy was already recovering years prior to the great new deal. If we look to government intervention Marxist style then we even get into more drama. Berlin Wall to keep people fleeing poverty from Marxism, the mass starvation under the industrialization of Stalin, the great leap forward of Mao Tse Tung and the great leap back to agriculture from Poll Pot... not to mention Castro's socialism which stopped progression in Cuba entirely, which is why it's now a tourist destination... you can try to feel the time of the '40's as then progress in Cuba came to a grinding hold under socialism; they still plough the land with an ox! Or maybe a more recent example, the Nelson Mandela case that was so applauded by the left; when he came to power SA was the richest country on the world; now one of the poorest, add to that the genocide of white farmers as the black community that migrated to SA want to get back at the last 400 year of supposed slavery. Or we can go to Venezuela; yeah nationalize the oil companies; then the government fucked up with never ever updating them nor repairing any broken parts; even worse; it was it's main economic output and as a consequence of not creating more economic activity people are literally starving and fleeing the place because there is no food or water.... let alone electricity. If we go back to the US, all the government enterprises failed where the private sector succeeded; whether it's railroad, the telegraph, etc. etc. So the record of history is absolutely crystal clear! No government intervention has ever been a succes!
No government intervention has ever been a success!
No government has yet acted using the accurate model of how money works. Soon they all will.
@ - Not even close. But amusing to read.
You don't quite understand Keynesian Economics. No matter what the Austrians say, business investments aren't only determined by the interest rates but rather the animal spirit. To avoid worker turn around and to incentivize hard work, employers will pay more than the equilibrium wage, the efficiency wage if you will. Employers don't want to reduce wages because it'll discourage workers, thus giving us sticky wages. There is plenty of evidence for all of this, and you can't just deny that.
@ I appreciate the incite. I think some combination of both is important. I think Keynes did account for the very thing you were proposing, he called it the liquidity trap. I try to keep an open mind to different economic theories.
@@kunallobo4136 As I said before, neither work. Look, they've pulled all the Keynsian tricks in the book post 2008 and it still didn't work. In fact they've done Keynsian over and over and over again since WW2 and every crisis only got worse, not better. When your old theory is provenly broken, it's time for a new theory, not doubling down on the same one that proved to fail in the first place. (Einstein: the definition of madness is doing the same thing over and over again expecting different results) As I said, read up on those guys and you find yourself a theory that provenly works, accepts economic booms and busts as fact of life as that's part of the business cycle and going back in history they've always been there, even during the Ancient Greek ones and they always will be... it's rather different from Keynsianism or the Austrian school. It's on a whole different level and playing field then the theories of Keynes and Hayek. It makes Keynes and Hayek look like complete idiots by comparison.
The bureaucracy alone is enough to make yr head spin.
To jump the stumbling preable: 5:20
Hi There thanks
10 minutes worked for me.
I found his preamble informative but it don't hurt to up the speed to 1.5 if you can handle it.
Saikat Chakrabarti in his Subhas Chandra Bose (Nazi sympathizer) T shirt.
Bob is the man!
AOC couldn't spell 'Green New Deal'.
I'd like to know who is 'really' behind it...and why.
A mix of globalists, interested industries (short sighted..), communists and people who know very little actual science.
🤔
@@gabrielbuckingham1925 Why did you immediately think of the jews? Sounds kinda anti-semitic. You okay, big guy?
The DSA and the Justice Democrats. Why? To destroy the economy and culture and remould it to their hearts desire for control and plunder.
The green new deal is a George Soros plan. Like most far left negative ideas and events that appear to be organic with layers of financing and control.
The GND is the optimistic ramblings of a 12 year old girl.
12 year old girl who dropped out of school, became a bartender, and who has been smoking too much weed.
@O R Y X Lol! That type cannot survive in the wild. Need to feed at the public pig trough. Fortunately I think she is hurting the Democrats more than she is helping them.
No, it's actually a marketing campaign DESIGNED by a guy from Harvard and a silicon Valley billionaire... GND: AOC was not in the room when it was written. She seems to brag about it... IMHO
@@Freddy-Da-Freeloadah Ah, you've been watching Mr Reagan. No, I think she had some input.
AOC is just repeating what she's told by her Chief of Staff Saikat Chakrabarti, with his Subhas Chandra Bose (Nazi sympathizer) T-shirt. She often tries to put her own spin on things, and ends up sounding, yes, like a 12 year old.
Main question is - why anyone would trust UN?
We know this here in europe.
Germany, denmark etc.
Energy becomes expensive and more ppl have to work harder and longer to produce it.
In germany we also end nuclear energy...
Madness
Wasn’t that because of the tsunami in Japan that destroyed the nuclear plant in Fukushima.
Michael Velik yes.
Merkel tried to keep the green party from gaining votes by simply taking over their big thing at the time...
Now they went full climate change, obviously
@Jean Jourdain who was the right one?
And after a war, when you try to make a new ally and form a new defense, these things are said easily.
Right off the bat, I like this guy
Over the past 12 months our 12.2kw rooftop solar has produced 14.5 Megawatts of electricity, all of which is CO2-free, nuclear waste-free, noise-free and aesthetically pleasing to look at. Not to mention it has saved us a truckload of money on our power bills. Bring on the GND as we are proof it can work for everyone.😎👍
Water vapor traps more heat. Boiling water needs to be stopped. You can only water your lawn when the temp is below 75.
This is mostly an informative and interesting rhetorical analysis of the proposal, but the green new deal is a socialist platform, which has never worked. Not ever. There's really nothing to discuss. As an economic analysis it could be stronger. Basic economic principles were mostly neglected. You know the little things like, hyper inflation, total socialistic economic devastation, firing squads, starvation, shit like that. And as Venezuela illustrated, the most devastating of all, no toilet paper.
Omg that was a whole bunch of stupid shit you wrote here. Do you actually believe any of it?
Hit Reset Button ...yes. What point do you disagree with?
@@mhail7673 so are you implying that if the GOP were the first to put forth the GND idea for discussion, you would support it?
When you 're as young as AOC, 12 years seems like a lifetime. Either she is speaking of her own experience or speaking to a young generation who have no memories beyond 12 years, or both.
He said we probably "work too much", but the work ethic is what has made life in most industrial nations so much better than life in the "Third World". Take Japan and Germany, after WWII they were practically destroyed, but because their people worked their a*ses of, within 10 years they were back on their feet, and today they are world leaders economically. Yes, they got money to help rebuild, but it took hard work and long hours to put that money to good use. Elon Musk didn't become a multi-billionaire by working 8 hours a day 5 days a week, and taking 4 weeks vacation every year.
The French, British or even Italian people can work just as hard. People in some of the poorest countries also work like crazy. Many of them come to Germany from Africa or eastern Europe and can be as productive as native Germans. Yet in the 70s Britain had a ruined economy and had special concessions to get into the EU. Meanwhile Germany was already an economic powerhouse, even though France and Britain got twice as much as germany from the Marshall plan, and they weren't nearly as badly bombed or had to pay reparations. The difference is the Japan and Germany had their government and bureaucracy completely annihilated, and could start from zero with sound money, relatively free economy and little bureaucracy and regulations. And from very early on, Germany had a 40 hour work week and paid leave. Now Germany and Japan are basically living off the fat they have accumulated in the past decades, but at the rates they are squandering their wealth, this will not last long.
@@HNedel; as I remember the UK didn't apply "to get into the EU", it was one of the founding nations. The Marshall plan was over 60 years ago, so it has little bearing on a nation's ability to compete in 2021. Excuses, like posterior orifices, are very common, (most everybody has one), but the reason the US is an economic giant is people in America work VERY hard. Japan's success is also due to the hard work of its people. If you check into the work habits of most very successful individuals, you will find they work 60 or more hours a week. My daughter is a successful head of marketing for a major electrical contractor in my city, and she starts work at 6:00 am, and usually doesn't get home much before 7:00 pm. How many hours do you work each week? I'll bet not as many as she does.
@@oldgysgt wrong, the UK is not a founding member of the EU, they joined the European Communities (the predecessor of the EU) in 1973, together with Denmark and Ireland. The post-war history and the effects of the Marshal plan cannot be simply discarded because that was 60 years ago. That is when the foundations of what is today were laid, and clearly shows that working hours is not a deciding factor in a nation's wealth. Children in cobalt mines in the Congo also work very hard, yet they are not billionaires, and Congo is not an economic superpower. As I said, 40 hour weeks are written in law in Germany, since 1918, and this has never been revoked. I also work 40 hours a week, so not as many as your daughter does, no. Work ethic is not the same as working hours, as provven by the Germans. Yes, millionaires work long hours, but so do single moms with three jobs.
Switzerland is wealthier per capita than the US, yet they don't have as many millionaires as the US, and also don't work 60 hours a week. The reason America WAS the wealthiest nation in the world, is that it had economic freedoms and quite a limited government and sound money for a long period of its history. It had very strong laws for the protection of individual rights and private property. This allowed those who work hard to be rewarded, and attracted many ambitious people from all over the world to work there and create businesses and wealt. This has been also greatly diminished, especially since the 70s. The US was the richest nation in the world, now it is the biggest debtor nation in the world. There has been a stagnation in real wages since the 70s, despite the enormous gains in productivity since then. People don't work fewer hours today, yet a lot of them are struggling to make ends meet. This constant inflation and money printing has basically eroded the middle class, and while it has created many millionaires, there are now a lot more poor people than before.
@@HNedel; the UK was part of the European Economic Community, (EEC), when it became the European Union, (EU), on November 1, 1993. So the UK was a member of the EU from day one. The Marshal plan helped post WWII Europe, but it cannot be used as an excuse for any nation's economic failure 60 years later. Germany has not the only nation in Europe to receive help under the Marshal plan, but it's the economic powerhouse of Europe today. Why? Hard work, that's why. Losers, like yourself, can always come up with excuses for failing, but winners don't waste their time that "the dog ate my homework" BS. They're too busy working to succeed. America became a success because of hard work, NOT excuses.
@@oldgysgt the EEC didn’t stop existing, it was renamed into the EU, there was no „founding“ of the EU, just a transition from EEC to EU. And this doesn’t change the fact that the UK got twice as much money as Germany, and yet in the 70s was much worse off economically. Despite the british working similar hours to germany post ww2
I am not making any excuses for anything, mind pointing where and what excuses I am making exactly? At what did I fail exactly? I just proved to you that germany achieved all this with a 40 day work week, so your imaginary hard working germans that busted their asses for 60 hours a week don’t exist. They do work hard, yet have achieved much more than nations that work on average many more hours. I also explained to you why that is, and why america got wealthy, but it all flew right over your head, for you it’s just „they worked hard, i am right, you are wrong, and also a loser“. Well, nothing more to say to that, except fuck off you retard.
The proper plural of Mises U is Mises Y'all
I checked weather data and found that a two degree increase in Centigrade temperature would be like moving from Nashville TN to about eighty miles south of Birmingham Ala. It would be bad for apple trees. They need a minimum number of hours of freezing temperature every year to set fruit.
"This climate crisis is obviously a pretext to do all the social programs they have been clamoring for over years" lol so true.
Retrofit means (if they are doing it for energy efficiency) flatten all the detached houses and move everyone into small flats/apartments. Take your home and take your land - isn't that from Serenity?
17:20 Insulation should be the first goal. That shuts down a certain percentage of coal-fired and NG power plants Then as you move forward, you have a smaller target to reach.
Why not thorium reactors? One was built and it worked.
Bob won, but he cheated. That wasn't *real* pacifism, so to speak.
100% tax deduction for insulating houses would have a dramatic impact as compared to the tax break to the top 1% and corporations.
I personally don't think the carbon thing is really that big of a deal. That said, I'll pretend it is for the following questions:
What magic technology not tied to carbon emissions will we be using to refit all of the buildings in the US? Do proponents think thousands of windmills can be made outside of the current manufacturing paradigm? Do proponents plan to source and ship and build and refit buildings by hand, sans gas burning trucks and planes and trains? Certainly machines at millions of worksites (every building in the US) need electricity that's mainly provided through coal and natural gas? Do they think resources aren't limited enough to cause problems in other sectors by using them in this way?
None of this makes any sense.
No sense at all. We should just let us as people in a really free market environment deal with those issues. I'm pretty sure will be better off in the future
Take any city in the northern hemisphere with a population of several hundred thousand, Canada typically has two seasons, winter and august. Tell the population they have to rely on renewables in two years to provide heat and light. So begins a program of turbines and solar panels installed around the city. Without 100% supply there will no fuel to transport food, parks and yards converted to fruit and veg allotments. Trees cut down to provide heat fuel In an ever widening radius. No manufacturing to replace wear parts. Stripping apartments for spare copper cable as an example. Not easy to light a fire in your apartment to stay warm. The city will become a wasteland. Thats why hunter gatherers roamed.
If we want to fix an insurmountable issue, we shouldn't be taking the much-needed capital away from the entrepreneurs who will be the only ones that will inevitably fix those issues.
Not that I support the GND, but the inconsistency between retrofitting building to be energy efficient and getting off of fossil fuels isn’t inconsistent. Energy efficiency is good regardless of where the energy comes from long term.
Merlin Grim retro fitting all existing buildings requires an increase in fossil fuel use to achieve...so it's incongruous.
M'hail . Yeah, I get that but the calculus works out such that long term savings are realized. Efficiency is advantageous regardless of fuel source.
Also not in support. Another justification for demand-side efficiency is the leverage gained in reducing the supply side. If you reduce the load the amount of necessary supply (in this case net-new) is reduced by a factor >1, a consequence of the grid having imperfect efficiency.
Book arriving 05 NOV 2019 : What is the Green New Deal and How Can We afford it? By Ann Pettifor
The GND has the potential of becoming one of the largest global campaigns of our times, and it started in Ann Pettifor's flat.
In 2008, the first Green New Deal was devised by Pettifor and a group of English economists and thinkers, but was ignored within the tumults of the financial crash.
A decade later, the ideas was revived within the democratic socialists in the US, forefront by Alexandria Ocasio Cortez.
The Green New Deal demands a radical and urgent reversal of the current state of the global economy: Including total de-carbonisation and a commitment to fairness and social justice.
Critics on all sides have been quick to observe that the GND is a pipe dream that could never be implemented, and would cost the earth.
But, as Ann Pettifor shows, we need to rethink the function of money, and how it works within the global system.
How can we bail out the banks but not the planet?
We have to stop thinking about the imperative of economic growth-nothing grows for ever.
The program will be a long term project but it needs to start immediately.
THERE IS NO CRISIS!!!
Go Bob, go!
But what about the Pareto Efficiency that you mentioned? Carbon Tax can achieve that. We just don't have to go all the way to the edge with the Green New Deal.
"Economics of the Green New Deal."
I saw that sentence in the dictionary immediately following the word oxymoron.
We should just procrastinate until after the coming little ice age. We might be descending into that little ice age as soon as this coming solar cycle.
Train more farting cows!!!!
This man's presentation abilities are lackluster. Am I the only one thinking....get to the point already. He has so much filler information which doesn't assist with the point.
You are spot on. Not only do listeners lose his point he losses it. I wrote to the podcast he does with Tom Woods on just this issue.
He is laying the case for a layman, not someone who already is into American politics. You may find the first 10 minutes just jargon but that does not mean he is a lousy speaker, quite the contrary. But can't blame random trolls for not getting basic things.
Are these available as a podcast?
I don't think that they currently are but I only did a casual search. However you could get this Firefox extension which once installed has a one click button to just download the audio component. Look on the forth page of the insert window that comes up. You'll see the audio options. technologyto.com/extractor.html
Links at Mises.org/MU19
As of 11/16/2020.it appears that you had "a failure to communicate".
Listened to 13 minutes and no economics - just politics - need a little more information content to keep my interest.
Because they used no economics In making the green new deal. Just imagination
yeah he hits economics back half. standard rhetoric process is to be engaging in the beginning
Zero carbon dioxide emissions? People exhale carbon dioxide when they breathe.
And plants need it to breathe to pass us back oxygen... These people are such idiotic fools it's insane they are in the position they are.
talk about a girl who thinks healthcare saves the costs of funerals
I read that the broad money in all of the world. If you turned every currency, gold silver etc into dollars there would only be 80 trillion total dollars. 60 trillion are in world markets. So theres only 20 trillion dollars that is open and used currency in the world.
This video is good, but there are a lot of assumptions in a few of the conversation points. This is because there are a lot of assumptions in the data. Most people dont understand the complexities in the over-generalized term "climate change". It isnt likely that a strict economist would understand these. complexities
Just skip to 7:40.
Yay for F.A Hayek
#DoTheMath if govts stopped wasting energy on war we'd be ok
"We came down to quoting?" LOL
Excellent and well-reasoned points made by an incredibly sloppy speaker. Very difficult to follow due to his his rapid-fire tangents and dithering style. But if you exercise some patience, Mr. Murphy covers a lot of ground here, and there is very good information to be had from this speech. All in all, well worth the time to listen.
I heard they settled on using old style huge ugly salt batteries to run houses.
Bob -- But it's a Green new unicorn !!
I bet he gets girls. Not even joking. He's the kind of guy you see and say, "WTF?! Why is she with him?"
AOC STOLE MY CRACK PIPE.
How many ppm of CO2 where in the atmosphere in the 1930s? You know, the hottest decade on record based on NASA data, compared to now?
We are at a historically low level of CO2 in the long term picture. CO2 is part of our cycle of life if they manage to lower it greatly there will be famines. Big population growth needs big farming which needs lots of CO2. Wonder when this simple fact will kick in?
If CO2 based climate change was really happening I would be glad to discuss what to do about it. It's not happening so the IPCC, and AOC and suck my left...
37:00 AOC should come to Africa. The 'green new deal' seems to be in effect here already. We don't have sh*t and are REALLY happy. So happy that we can't wait for a 'get out of poverty free" ticket to enjoy welfare in a first world country, like Europe is so graciously offering now.
So, who won the debate? It seems like Tom also shaved.
AOC's first claim was $3 Trillion. Then it was $6 Trillion. Then it was $7 Trillion. This was her claim for the total cost of the GND. She perhaps should have used something as simple as Google to gather some exceptionally data points. We currently have about 276 Million registered, privately owned vehicles in this country. If we followed her destructive ideology all of those would have to be replaced with an all electric vehicle. The minimum cost of that would be $34,000 USD per unit, and a total of 276 Million units. IF, reasonably we were required to buy that larger battery version because it was better for the environment we would be looking at about 1 Quadrillion USD in replacement cost. We are expecting to have about 281 Million registered car by the end of 2019.
The cost for just replacing the long haul trucking fleet needed to support delivery of goods required for basic life is about $13-14 Trillion dollars, and has an additional side cost of the infrastructure required to recharge them, as well as the training and certifying of 300% more drivers. The fleet would have to expand exponentially because the only electric version available has a 25% range of the current fleet on their best day. Just this cost is more than she claimed the total cost of the program would be, and only this small part of the cost would nearly double the current national deficit.
The cost of destroying 2/3 of the current power plant infrastructure would have financial costs as well in addition to impacts on daily life since the available energy would drop by 2/3 as well. How we are supposed to manufacture all these electric vehicles without generating the minimum energy required, at the same time requiring massive energy output requirements? Sounds like the GND is a total failure from the word go with no real planning done with the most basic math.
Making Internal combustion engine vehicles illegal won't ever work in the US. I hope one of her aids told her that so she abandons this failed idea.
280 million cars $45k a piece are 12.6 trillion.
@@erastvandoren No sir, it is not 280,000,000 X 45,000 comes out to 1.26e13. There are already 9 placeholders that are zeros, and the rest of the equation requires 4 places to complete the math. That means a 1 at the front of the answer in this case, with 12 zeros as placeholders behind. 12 zeroes behind the first number means more than 1 Quadrillion is in play. You missed by a single zero, but in this case that makes one hell of a difference as that takes the answer from less than the current national deficit to about 423 times the national deficit.
has anyone asked how the millions of dead and decaying bodies would impact the climate and planet.
31 people didn't study economics.
I noticed that AOC was going to transfer unemployed fossil fuel worker to green jobs but I notice that she never tells what she is going to do with people who are working in the health insurance industry after that activity is outlawed to have Medicare for all. I think the reason for staying away from nuclear power is the age old fear of nuclear proliferation. If you "fix" the energy problems with renewables in 12 years, you have to double the KW-Hours in the next 66 years because US population doubles about every 66 years. This assumes that electrical capacity is not added to the demand from cars and trucks. To get a system of solar panels under current techniques, a circle in the south east desert would have to be 400 miles in diameter and that area would have to double every 66 years. Pretty soon you would run out of "free" government land and the cost of any solar project would skyrocket.
Vote for my New Golden Deal. Everything will be free and so nobody needs to go to work. Try and pick holes in that. 😀
My favorite anarchist. ...and first, bitches!
Point taken, but u then must be against carbon based industry subsidies, right? Why didn't you mention it? It's messing with the market, through government, by means of taxes....
I think my granddaughter would rather have the unicorn.
Or a grandfather with a brain.
@@hitreset0291 I smell a communist.
Have Bob Murphy and Milton Friedman's son been in the same room at once?
Yeah, search Austrian vs Chicago debate
I see where you’re going with this, haha! Yes they have.
@@eh3253 ahahaha just watched it last week. Oh gosh, what a terrible debate for both sides. Friedman worst and more arrogant for sure
d 86san ill have to watch it again.
Well if u don't wanna deny it on stage I will in the comment section lol
sv ignore 17:40
The Georgia Stone.
Murphy could improve this presentation by acknowledging a right of the people at large to set limits to overall rates of putting pollution and depleting natural resources.
Does Murphy believe we have a shared right to set limits to humans' impacts on the environment?
What policy proposal does MISES support that would make prices honest in an efficient and fair way? SHOULD we make prices honest, or should we allow externalities to continue to skew markets toward more pollution and faster depletion of resources than what would be the case if environmental impacts were reflected in prices?
Biological model for politics and economics:
gaiabrain.blogspot.com/2010/03
All of these questions have been answered many times by many Austrian economists. And the answers are all pretty much the same. Mises himself might not have addressed all of these questions, and he might have been wrong on one or two of them. He died like 50 years ago.
The only way that we can make prices "honest" is to secure property rights. Externalities are usually the result of "tragedy of the commons".
Example: make it so that polluters have to negotiate with property owners to pollute their property, or else prevent said pollution, so that pollution & clean-up prices can emerge and become part of the cost of production.
@@JeffPalasek-cw2hv I think we are largely in agreement, except that I get the impression that you think a corporation that aspires to dispose of unwanted materials by putting them into the air or water should identify specific indiviiduals with ownership rights to the air / water. In contrast, I think it makes sense to think of the resources made by natural processes as belonging to all people equally.
A random poll to find acceptable limits, according to average opinion, and sale of an appropriate number of permits at auction, serves as that negotiation process you call for.
"Why would we need energy efficiency if we're all going 100% green anyway?"
Dumbest thing I've heard. It would LESSEN the need to build more renewables at least in theory. Duh? Sorry, I have to call balls and strikes.
12 years to bankruptcy?
Bankruptcy ?
The us is trying to maintain usefullness of the swift network
You have to realize there is no place for real political discussion in the US
The New Deal of the 1930's did NOT bring the USA out of the Depression. W W II did that. Full employment was reached in 1942. There was great fear that the Great Depression would come back in 1945 because the military was massively demobilizing and the government was massively cutting back on military contracts. So plants would close with huge layoffs. That started to happen but the plants that built the majority of the tanks and trucks and other vehicles were all automobile plants and there had been no domestic vehicle production since 1942. And then there were things like the GI Bill. And then the North Koreans attacked South Korea and military production started again. So that started an economic boom that did not end to the 1970's.
Thank god for 2x speed!
It’s a communist party manifesto. Subscribe t o the “friends of science” yt channel
Look at that smooth lil chin, it reflects almost as good as Bob deflects!
Stop monetising everything.
Why?
@@DsantosGE4PA because it has created a system of diminishing returns at the expense of everything and anything.
In the long run its a fiction that will lead to our destruction.
There are better alternatives than just taking.
@@danielbtwd What the hell are you talking about? LOL I thought it was about youtube monetizing hahahah With no system of prices, we will only create chaos!! What are the better alternatives?
Just watch these other mises video and see for yourself! th-cam.com/video/iYq4n2dIz7M/w-d-xo.html
I love how economists keep telling us they know how economies work and how they have all the answers. None of them saw the great depression ( or the earlier ones) or the GFC coming, and when they hit you could here crickets as economists told us how to fix the problems. Can't see the train wreck coming, can't think of a solution when it crashes, and we as a society are happy to put these charlatans back into the drivers seat once the economic train gets put back on the track to rince and repeat yet again. Will we ever learn?
Buzz if you have the means I will forward detail of this title theft in its raw form. This explains the object of this carbon BS and how it is being applied. You can extrapolate from the documents contained to see as to my deductions.
Wait wait they thought they'd name it after the New deal thinking it would be just as good as the OG new deal? 😂😂
So is he just riffing the whole time? What a hack! One would think an economist would provide a more comprehensive analysis.
Green Leap Forward
You fail to mention that in the US a corporation has an economic right to pollute indigenous lands and other local communities because there is a parent child relationship to the communities. The corporations right to take land to build oil infrastructure is upheld in US with no recourse for local communities.
The green new deal is a joke! I'm mean its a funny joke.... unless we actually did any of it....
What climate change ??? You mean the norm ?????
There is no norm.
All good things start with big ideas, the GND is a great aspiration! I’m not hearing any other solutions, just a bandwagon of negative naysayers! Shame
The framer of the GND openly stated it’s not about the environment but about taking control of and changing the US economy.
The idea of a pill that you can take that will make you lose weight and live forever is a great aspiration too. How much should the government waste just to realize that reality actually matters.
Over the past 12 months my 12.2kw rooftop solar has produced 14.5 Megawatts of electricity, all of which is CO2-free, nuclear waste-free, noise-free and aesthetically pleasing to look at. Not to mention it has saved us a truckload of money on our power bills. Bring on the GND as we are proof it can work for everyone.😎👍
Naysaying pays better
@@hitreset0291 How big is your battery bank? Who installed your system?
28:12 If that's the case then a massive tax on the wealthy is warranted.
Mises University seams to have taken over from Prager University as an objector of progress.
Eric The Green New Deal is not progress. Demanded to go too hard and too fast with idealism and scare tactics.
@@Rhino-ep6of…. Your big concern is if you don't go fast enough and get left behind. Civil wars are very costly.
@Eric Go too fast, and Civil War is exactly what you get from all those people who lose their jobs, homes, and ability to support their families. This extremism from both sides is exactly what shuts down conversation. If you were really serious about this, then you have to live it yourself. Drop that phone/computer, stop using cars and planes, and be vegetarian. Oh, also stop using anything plastic derived. Otherwise, you are just as guilty as the rest and are a hypocrite to demand so much.
Ps- those people you seek to displace (indirectly, I know) also tend to be the ones who own guns
@@Rhino-ep6of…. Go too slow and you destroy the earth.
Your next claim was made with out thought. For one person to do as you say will not make a difference. Making a difference is what it is all about. If people like yourself was not so resistance to the truth, it would not be so hard to make a difference ….. remember that!
This guy can’t speak clearly nor defend any of his supposed economic concepts. I hoped to gather some reasonable objections to the green new deal. He only attacks the effort and attitude. Waste of time
Took 15 minutes to determine that this is at best typical pseudo-conservative smoke and mirrors, which is almost heartening, since it reveals how truly clueless the purveyors of such disingenuousness actually are.
These Left leaning candidates are making it extremely hard for me to vote Democrat. Trump and his minions or Dems and "Free Everything and F'up everything" brigade.
38:52 A 100% tax break for insulating houses would have a dramatic effect on the general population as compared to the tax break Donald Trump gave the top 1% and corporations.
Wow he is a bad speaker.
Murphy - get a crew cut. Please.
As ranked by historians over the past 55 years, Herbert Hoover ranked low to mid 30s, as compared to FDR one of the top 3 over the same compared timeframe.
The takeaway here? This dude is not worth listening to.
A libertarian argues against government intervention in the economy. Who would'a thunk?
Hit Reset Button FDR is the guy who appointed KKK member Hugo Black to the Supreme Court, who then wrote the majority opinion in Koremastu v. United States which upheld the “Constitutionality” of the FDR administrations interning of Japanese Americans in concentration camps. Your argument from consensus is as relevant as the answers on Family Feud.
Popularity among economically illiterate Marxist academics doesn’t carry much weight.