Yea lowering corporate taxes should do great for our already broke ass government.
What a hyperbolic pos. Government services are not the problem, regulatory capture and rent seeking are the problem. A big part of that is the financial industry and its relationship with the fed, that includes insurance and retirement accounts. You can’t game the system so practically all gains to productivity go to the top, and act like the problem is people getting government services. His zero sum narrative is bs, that ignores good spending that enables growth vs bad spending that enable consolidation.
Yes, I too can speak with conviction and be wrong. Economics and our understanding of finance has come a far way from this guy’s perspective.
love how he just glossed over how business people are greedy. that’s the reason, we gave them the keys to the car.
A steady inflation should benefit all…of course not hyper inflation. Deflation is even more destructive to an economy, be careful what you’re rooting for.
Imagine hearing this.. then suddenly some Modern Monetary Theory Economist proposes “what if we just make more money and use it to pay for more expensive goods and services”
Every boomer “Il have what he’s having”
And, sorry to say, Friedman’s Disease is still with us.
Interestingly enough i was just reading up on monetarist theory on inflation and wondering why they never get as much airtime as cost push /demand side inflation theories. 🤔
Because it is an interesting theory. The idea that cost push/supply side inflation isn’t a factor. Its recognises that demandside inflation is a factor but that it’s ultimately driven by Money Supply which leads to increased transactions and has a lagged effect due to velosity of circulation.
[MV=PT] the Fisher equation.
M=Money Supply
V=velocity of circulation
P=price levels
T=Number of transactions.
I haven’t gotten my head around why just yet but i believe it could be a very relevant theory rn particularly with predicting where me might be headed with the decade of quantitative easing we’ve seen globally and now being in a tightening cycle.
It all hinges on whether or not LRAS has shifted. By that i mean predicting where we currently stand.
Taxation one of the greatest deflationary tools the government has and every honest economist knows this.
Doesn’t matter. The only thing of importance is the opinion of Uncle Jerry and the rest of the Fed. In other words when you wonder about prices, the price of anything. Remember ‘because I said so’ as the most important quote from the most powerful person on the planet.
“Because I said so” Uncle Jerome Powell.
Anyone got the full interview?
I think it’s significant now, and worldwide, because of the long-term effects of peak oil (which started globally with conventional production in 2008 or so) and climate change (which leads to damages, etc., that take up at least a third of global economic growth), and made worse due to conflict, epidemics and pandemics, and so on.
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Yea lowering corporate taxes should do great for our already broke ass government.
What a hyperbolic pos. Government services are not the problem, regulatory capture and rent seeking are the problem. A big part of that is the financial industry and its relationship with the fed, that includes insurance and retirement accounts. You can’t game the system so practically all gains to productivity go to the top, and act like the problem is people getting government services. His zero sum narrative is bs, that ignores good spending that enables growth vs bad spending that enable consolidation.
Yes, I too can speak with conviction and be wrong. Economics and our understanding of finance has come a far way from this guy’s perspective.
love how he just glossed over how business people are greedy. that’s the reason, we gave them the keys to the car.
A steady inflation should benefit all…of course not hyper inflation. Deflation is even more destructive to an economy, be careful what you’re rooting for.
Imagine hearing this.. then suddenly some Modern Monetary Theory Economist proposes “what if we just make more money and use it to pay for more expensive goods and services”
Every boomer “Il have what he’s having”
And, sorry to say, Friedman’s Disease is still with us.
Interestingly enough i was just reading up on monetarist theory on inflation and wondering why they never get as much airtime as cost push /demand side inflation theories. 🤔
Because it is an interesting theory. The idea that cost push/supply side inflation isn’t a factor. Its recognises that demandside inflation is a factor but that it’s ultimately driven by Money Supply which leads to increased transactions and has a lagged effect due to velosity of circulation.
[MV=PT] the Fisher equation.
M=Money Supply
V=velocity of circulation
P=price levels
T=Number of transactions.
I haven’t gotten my head around why just yet but i believe it could be a very relevant theory rn particularly with predicting where me might be headed with the decade of quantitative easing we’ve seen globally and now being in a tightening cycle.
It all hinges on whether or not LRAS has shifted. By that i mean predicting where we currently stand.
Taxation one of the greatest deflationary tools the government has and every honest economist knows this.
Doesn’t matter. The only thing of importance is the opinion of Uncle Jerry and the rest of the Fed. In other words when you wonder about prices, the price of anything. Remember ‘because I said so’ as the most important quote from the most powerful person on the planet.
“Because I said so” Uncle Jerome Powell.
Anyone got the full interview?
I think it’s significant now, and worldwide, because of the long-term effects of peak oil (which started globally with conventional production in 2008 or so) and climate change (which leads to damages, etc., that take up at least a third of global economic growth), and made worse due to conflict, epidemics and pandemics, and so on.
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