But can’t debunk it.
Nah, if I am wrong, and proven wrong by facts - I have no issue admitting it. Never have.
Success can take many forms, but someone spouting we are all brainwashed and dumb on economics should have that figured out and should be wealthy comparatively.
Since you have the truth figured out and all and we are just stupid and subscribe to erroneous economic ideas.
Because? Are they just financial lackeys for M4A?
Mainstream economists, the majority, disagree with it.
It’s a fringe idea. Are the majority of mainstream economists stupid and brainwashed too?
So wealth and knowledge always work in tandem?
Being brainwashed doesn’t mean you’re dumb, it means you have been conditioned to believe in wrong things. Given the wrong information.
Still waiting for the debt to cause the sky to fall. When do you think it’s going to happen?
Name an mainstream economist?
Then educate yourself. Begin reading The Deficit Myth by Stephanie Kelton.
Nice deflection.
Still haven’t told us what your profession is. All this dodging is quite humorous though.
Kenneth Rogoff and Lawrence Summers both from Harvard iirc.
@castoli when was the last economics class you took, and what was it?
Not sure on an exact time frame, but we are headed towards the danger of having our credit downgraded.
I think it will be in our lifetime, if we continue on this path.
What is the definition of “class”?
What is “class” to you?
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If @castoli can tell me what the answer to this is, I will believe he at least took microeconomics at an entry level.
a) X and Y are inferior goods
b) demand for Y is price elastic
c) X and Y are complements
d) X and Y are substitutes
If he can’t, then he’s talking out of his asshole and doesn’t realize that even “top economists” disagree on many fundamental approaches to finances, particularly in regards to subsidies.
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Nobody check his google search history. he DEFINITELY isn’t googling the answer.
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Okay looked her up and the theory. It’s been proven BS
Germany was in this Situation post WWI and just printed money to get out of debt. Here is the end result
- By 1923, German currency was worthless: One U.S. dollar at the time was equivalent to 4,210,500,000,000 German marks.*
From:
By the way. This giant printing of money directly contributed to the rise of the Third Reich and WWII
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Feel free to watch the whole video @castoli, but I linked the time where WW2 related countries started printing their money. Enjoy.
You can also continue watching and cross reference any country which suffered hyperinflation with what caused it. You will find most of these scenarios are caused by inept governments printing out money they couldn’t afford to print.
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He has some sort of medical disability.
Can you? And your old avatar:
Is not one.
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Exactly.
Kelton literally argued that because inflation wasn’t a problem in the US we could print a shit ton of money. She was clearly wrong. How can you not see that?
I do prefer his old avatar though.