Thanks for the video ! In December 1970 the US reached its first peak oil. Since then it seems clear that your trade balance has never recovered. And neoliberalism has certainly not helped your industries.
By neoliberalism we should ask how much better off the economy would be with a previous order whereby Walmart would have been prosecuted for dumping and Microsoft would have been prosecuted for monopoly. Standard Oil certainly was.
As usual with videos on macro economics and big finance, you lost me about halfway through. Lol Guess I'll have to watch it again until I get what you're saying about how the government doesn't increase the money supply when it engages in deficit spending. I'd always thought this deficit spending increased the money supply which in turn increased inflation.
Good point on reducing our trade deficits with more sophisticated goods. Right now, all we export to the world is misery and death.
Well explained, so simple and precise
Is this mmt?
Awesome video, clearly explain. 👍
I actually feel much better about the debt now
Thank you for explaining this, so that even I can understand! 🙏
Glad it was helpful! Thanks for the continued support!
Thanks for the video !
In December 1970 the US reached its first peak oil. Since then it seems clear that your trade balance has never recovered. And neoliberalism has certainly not helped your industries.
By neoliberalism we should ask how much better off the economy would be with a previous order whereby Walmart would have been prosecuted for dumping and Microsoft would have been prosecuted for monopoly. Standard Oil certainly was.
As usual with videos on macro economics and big finance, you lost me about halfway through. Lol
Guess I'll have to watch it again until I get what you're saying about how the government doesn't increase the money supply when it engages in deficit spending.
I'd always thought this deficit spending increased the money supply which in turn increased inflation.
Hi
When I say neoliberalism I mean mainly NAFTA.
Then you are dead wrong - it was Walmart dumping Chinese goods plus WTO
Off course US citizens and tax payers😂😂😂