Economic Illiteracy of Trump and Harris | Independent Outlook 64

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  • Опубліковано 8 лис 2024
  • August 28, 2024
    Both major party presidential candidates, and their policy teams, seem to be suffering from a bad case of economic illiteracy, in somewhat different ways … or maybe not so different. With two aspiring leaders both saying they want to make things better for middle class and lower-income Americans, it’s pretty discouraging to see them advance economic policies that would actually make most Americans worse off.
    Independent Outlook is the regular round-table conversation from the Independent Institute that provides timely insights and cutting-edge commentary on the most pressing issues of the day. It features Independent’s Dr. Graham Walker (President), Dr. Phillip Magness (Senior Fellow and the David J. Theroux Chair in Political Economy), and Dr. Williamson Evers (Director of Independent's Center on Educational Excellence).
    The Independent Institute is a non-profit, non-partisan, public-policy research and educational organization that shapes ideas into profound and lasting impact through publications, conferences, and multi-media programs. Our mission is to boldly advance peaceful, prosperous, and free societies grounded in a commitment to human worth and dignity.
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КОМЕНТАРІ • 27

  • @markford5198
    @markford5198 2 місяці тому +1

    REDUCING CORPORATE TAXES WILL BRING PRICES DOWN AND UNEMPLOYMENT DOWN

  • @OOCASHFLOW
    @OOCASHFLOW 27 днів тому

    Let Phil talk. You kept cutting him off and not giving him time

  • @uhlijohn
    @uhlijohn 2 місяці тому

    Richard Nixon: Wage and price controls......lay the blame at Nixon's door.

  • @margiehankins-jerde6094
    @margiehankins-jerde6094 Місяць тому

    I think Trump understands exactly what tariffs do.

  • @margiehankins-jerde6094
    @margiehankins-jerde6094 Місяць тому

    Who is going to qualify for these homes? Are they no interest loans. Makes no sense

  • @aliendroneservices6621
    @aliendroneservices6621 2 місяці тому

    19:04 "I would definitely like to reduce the spending of the federal government."
    The only way to do that is to *_use UBI as a bargaining chip,_* in exchange for adopting a brick-wall spending cap.

    • @benicia21
      @benicia21 2 місяці тому +2

      if you want to destroy the concept of fiat currency having value, UBI is a great way to accomplish that!

    • @jkenwell
      @jkenwell 2 місяці тому +1

      UBI would result in hyper inflation and much more rapid devaluation of the currency which is already made from nothing and then would even blow up the entire illusion currently still largely maintained.

  • @thomasbentele2468
    @thomasbentele2468 2 місяці тому

    It was a combination of a public serving banking system
    and extended tariffs to protect the German economy in the Kaiserreich.
    Worked great.
    3 to 5 percent tax quote.
    For example the income tax in USA only had to be implemented,
    to sustainably pay back the interests and so on to the privat debt money creators,
    and subsidies to their cronies, and gradually change to a more centralistic state.
    Oh well, they always tell, it was for the war. But the wars ended long time ago.
    Yes the Empire needs the FED too.
    With the credit system before and also trade tarifs that helped America
    income taxe an many other taxes didn't even exist.
    A point, where the Independent institute seems to strictly stick to "private bankers economics".
    I absolutely dont suppose corruption, but wished some new thoughts about the Kaiserreich
    and all the other spaces and times in history, when Fridrich Lists economy was implied.
    By the way, I heard in Asia Fridrich List is widely studied. Why not in the west?

    • @jkenwell
      @jkenwell 2 місяці тому

      The income tax was instituted before there was debt, but the system was already planned to be moved into the control of a handful of private interests. Slow but methodical, they didn't complete the transfer from Congress to the Bankers until they finally decoupled the dollar from gold.

    • @thomasbentele2468
      @thomasbentele2468 2 місяці тому +1

      @@jkenwell Oh complicated.
      I thought 1913 was the FED Bill.
      The decoupling from gold was 1973.
      Its more complicated.
      Have to read your comment more often.
      Im Kaiserreich,
      it was Germany allowed to grow strong to smash both biggest enemies of the finance,
      Russia and Germany. Bismarck the fox understood it well, and to the best of both counties he encouraged all kind of cooperation
      and even the Kaiser "Times' Friedenkaiser" did everything to avoid the war. But what can you do.
      Money rules the world and the war started. So the history of the Kaiserreich is also more complicated.

    • @jkenwell
      @jkenwell 2 місяці тому +1

      @@thomasbentele2468 international finance is a hydra moving behind the curtains. One country after the other gets conquered, beginning with Britain.
      Your comment about Bismarck is well taken. One further attempt was made by the name that shall not be named, to destroy the influence of the international bankers, which probably had a great influence on the events that were to follow.

    • @thomasbentele2468
      @thomasbentele2468 2 місяці тому +1

      @@jkenwell Yes. So true.

  • @margiehankins-jerde6094
    @margiehankins-jerde6094 Місяць тому

    What harris did was put pot smoker in in jail for longer sentences to provide free labor for the state. Come to California on the new new bail laws for illegal immigrants. She was a horrible prosecutor. They are blaming parents now for crimes kids do.

  • @goa9034
    @goa9034 Місяць тому

    Trump economic illiteracy...🤡🤣
    These 3 checked 2017 to 2019???

  • @jkenwell
    @jkenwell 2 місяці тому +1

    Who is economically illiterate? The candidates or their audience?

    • @DeepsongProductions
      @DeepsongProductions 2 місяці тому +1

      The audience has no influence whatsoever on gov policy... hence they are effectively irrelevant

    • @jkenwell
      @jkenwell 2 місяці тому +2

      @@DeepsongProductions I mean, they say things that influence the voters. The economically illiterate don't become billionaires.

    • @DeepsongProductions
      @DeepsongProductions 2 місяці тому +1

      @@jkenwell
      Good point... ciao

  • @MatthewSapa
    @MatthewSapa 2 місяці тому

    your government ended the world

  • @MatthewSapa
    @MatthewSapa 2 місяці тому

    youre on too much blood, youre clones