EconomicsJunkie

economicsjunkie

Just as Tommy Robinson was being moved into a maximum security prison with 71% Muslims for reporting on Muslim child rape gangs, Youtube has deleted this prescient clip from Tommy's own Youtube channel. These psychopaths want to murder him quietly. This will not stand.

Is social security and medicare actually going broke? The math doesn't pencil out in the slightest bit, so how is it actually going to be paid for?

Nima Mahjour from economicsjunkie.com joins Dylan Moore to discuss how the US Federal Government actually pays for these programs.

Dylan Lawrence Moore of the Volitional Science Network and Nima Mahdjour of EconomicsJunkie.com discuss the "Bitcoin Bubble" and why bitcoin, or any cryptocurrency, has any value.

What is the value of bitcoin and cryptocurrency? What gives it that value?

Is bitcoin an actual currency? Viewed from the lens of Modern Monetary Theory.

A rebuttal to "Why the US Dollar Will Collapse" with Mike Maloney interviewed by Stefan Molyneux on Freedomain Radio. Mike and Stef cover various economic issues from a classical/Austrian viewpoint of economics which all draw the same conclusion: the US dollar is going to collapse SOON.

Watch their video here: https://www.youtube.com/watch?v=S_ZPh1OkL-s

Dylan Moore of the Volitional Science Network and Nima Mahjour of economicsjunkie.com provide evidence to rebut many of the points brought up in the video:

1. Why the Federal Reserve is NOT a private bank
2. Why the Fed DOES NOT "print money"
3. Why interest rates are not a useful metric for predicting economic stability
4. Why the Fed can only "push" interest rates UP, not down
5. The myth of fractional reserve banking
6. The myth of the barter theory of money
7. Why the Fed is not causing inflation
8. Why the evidence points to US dollar NOT CRASHING

Source: https://www.youtube.com/watch?v=ufyiYD2jnM8

Dylan and I discuss various theories about the reasons for inflation. It's not just the money supply and it's not just the invisible hand. In fact, money supply seems to have very little to do with it.

Wray's Paper on Inflation: http://www.economicsjunkie.com/alternative-inflation-theories/

Libertarians & many people in Congress tend to view government budgets like household budgets, which is fundamentally flawed and results in some pretty bad recommendations.

Here are the sources as promised:

https://www.zerohedge.com/news/2017-01-05/rand-paul-goes-republican-party-over-new-budget-resolution

https://www.economicsjunkie.com/empiricism-shatters-barter-theory-money/

https://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/

Part 4 of Exposing MMT for Conservatives
The Federal Job Guarantee - What Heresy is This?

Dylan Moore of the Volitional Science Network and Nima Mahjour of EconomicsJunkie.com go over the basics of libertarian and Austrian thought on the role government plays in the economy.

A philosophical analysis of negative and positive rights tells us that any time the government gets involved in PROVIDING something, it must be inherently oppressive because someone need merely demand it to create an obligation on the government to provide it, and the government must provide it by taking it from someone else.

The Bill of Rights enshrined the concept of negative rights in the US Constitution.

However... there's a weird one. The 6th Amendment. The government guarantees a right to a speedy trial. That sounds kind of like a positive right, doesn't it?

(NOTE: I totally say 4th Amendment in the video. Doh.)

Libertarian philosophy argues: if the government causes the problem, then the government has to provide the solution. If the government arrests you (problem), it has to give you a means to deal with that arrest (speedy trial). Thus it doesn't fit the category of a positive right.

...but what happens if government causes the problem of requiring citizens to pay taxes with money?

Nima and I discuss this problem in the video.
Debt: The First 5000 Years by David Graeber
amazon.com/Debt-First-5-0...

How Government Surpluses Can Cause Economic Depressions: economicsjunkie.com/govern...

Part 1 - Intro: Gold isn't money and the national debt is great
d.tube/#!/v/economicsjunkie/4rvnq1z7

Part 2 - Basics: What You've never been told about the economy
https://d.tube/#!/v/economicsjunkie/sdl6cuwt

Part 3 - Special Guest Warren Mosler - Keep the Deficit and Eliminate Taxes
https://d.tube/#!/v/economicsjunkie/bjalsllo

Source: youtube.com/watch?v=NOsAawM9JAA

Dylan Moore of the Volitional Science Network and Nima Mahdjour of EconomicsJunkie.com welcome WARREN MOSLER to the Volitional Science Network. Warren is the founder of Modern Monetary Theory and the foremost expert on the subject. Warren weighs on the several subjects we have covered up until this point, as well as dropping several bombshells about the functioning of the economy and the utter incompetence driving most economic problems. We cover:

-Why MMT is so distasteful to conservatives (and everyone else)
-How US bonds don't fund the government
-How interest rates ACTUALLY affect the economy
-What quantitative easing does to the economy (virtually nothing), and why everyone freaks out about it (and why they shouldn't)
-What actually happened during the banking bailouts of 2008 (it's nothing like we've been told)
-Basics of the banking sector
-How the US is utterly overtaxed and the damaging economic effects of transactional taxes (sales tax, VAT, etc.)
-Proposing an idea: wiping out ALL federal taxes and replacing it with a base 5% property tax. No more IRS.

About halfway through the video we experience some minor connection problems. We decided to cut our videos to improve the connection.

Part 2 - Basics: What you've never been told about the economy
https://d.tube/#!/v/economicsjunkie/sdl6cuwt

Part 1 - Intro: Gold isn't money and the national debt is great
https://d.tube/#!/v/economicsjunkie/4rvnq1z7

Source: https://www.youtube.com/watch?v=6WSQ20I1Jv4

Part 2 of MMT for Conservatives

Part 1 - Intro: Gold isn't money and the national debt is great
d.tube/#!/v/economicsjunkie/4rvnq1z7

Dylan Moore of the Volitional Science Network and Nima Mahjour of EconomicsJunkie.com go over the basics of MMT: what you've never been told about the economy.

-The concept of Credit Money and the Statist origins of money
-Sectoral Balances: how foreign trade can affect money supply and economic conditions
-Floating vs. Fixed Currency Systems: the arbitrariness of the gold standard
-Why do governments sell bonds? Do they actually fund spending? No. They are essentially risk-free assets for rich people.
-What do federal reserve interest rates do? Nothing.
-If interest rates do nothing, why does the Fed control them?
-What does Quantitative Easing do? Turns out it's nothing to worry about.
-The basics of the private banking system

Real Progressives Steven Grumbine interview with Nima Mahjour:
tinyurl.com/y9qtu9o8

Debt: The First 5000 Years by David Graeber
amazon.com/Debt-First-5-000-Years/dp/1612191290

How Government Surpluses Can Cause Economic Depressions: economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions

Capacity Utilization: Total Industry fred.stlouisfed.org/series/TCU

Source: youtube.com/watch?v=H-61nMYXsWs

Gold isn't money.
The national debt is great.
Federal surpluses crash the economy.
Taxes don't fund spending.
...what is this nonsense? Trust us! It makes sense once you understand the pieces. Dylan and Nima discuss MMT basics from a conservative standpoint.

How Government Surpluses Can Cause Economic Depressions: http://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/

Capacity Utilization: Total Industry https://fred.stlouisfed.org/series/TCU

Source: https://www.youtube.com/watch?v=5p6jVv5JYdE

Dylan and I discuss why modern nations need national decifits through the lens of Modern Monetary Theory (MMT), and what function it performs in society.

I break down specific examples in history, explaining how hyperinflation in nations is always always due to political factors, not economic ones. I analyze the Weimar Republic, Zimbabwe, Venezuela, and Greece.

We also discuss the political-economic situation of the Eurozone, and some of the reasons why the euro has been such a disaster. Specifically, we look at why the euro has crippled economies like Greece and bolstered economies like Germany.

Source: https://youtube.com/watch?v=LJeBOfB9cF8

My friend Dylan from the Volitional Science Network interviews me to discuss Modern Money Theory and why it is so dangerous to "balance the federal budget".

It is typical for conservative administrations to attempt to practice "sound economics" by balancing the budget. However, the rules for economy function differently with the federal government than they do for the rest of us. I use MMT to describe what's going on in the current economy.

Sources for video:
17:35 - How Government Budget Surpluses Can Cause Economic Depressions
http://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions

21:00 - Trump’s Tax & Deficit Stance Might Be Spot On
https://beinglibertarian.com/trumps-tax-deficit-stance-spot

Empiricism Shatters the Barter Theory of Money:
http://www.economicsjunkie.com/empiricism-shatters-barter-theory-money

My friend Dylan at the Volitional Science Network interviews me about my experience at the UC Berkeley Riots which canceled the Milo Yiannopoulos speaking event on 2/1/2017. Source: https://www.youtube.com/watch?v=k3gGOBKSKwE

YouTube is censoring videos more than ever and Infowars has become one of their main targets.

The internet giant pulled down this video on the Parkland, Florida school shooting, and according to CNN YouTube will ban The Alex Jones Channel outright if two more videos receive strikes.

Watch the two video YouTube does not want you to see!

YouTube is censoring videos more than ever and Infowars has become one of their main targets.

The internet giant pulled down this video on the Parkland, Florida school shooting, and according to CNN YouTube will ban The Alex Jones Channel outright if two more videos receive strikes.

Watch the two video YouTube does not want you to see!

The subsidized corporate propaganda network CNN, which has time and again faced disastrous backlash over its fraudulent coverage, is doubling down by abusing child actors to promote their antigun agenda. Source: https://drive.google.com/uc?id=1XeJbDoz4uQh5W_m9Ev_kSwCUQCZTdpee&export=download

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Created 1 year, 7 months ago.

17 videos

CategoryNews & Politics

Examining society, politics, economics, cryptocurrency, and investing.

http://www.economicsjunkie.com