When the Government Destroys Money
HTML-код
- Опубликовано: 16 окт 2024
- A short clip from a longer video: • Financial Crashes
Or watch the full series to get the full perspective: • Modern Monetary Theory
Original description:
Our governments can’t get the economy right because they don’t understand it and we can prove it. In 2007 the theory and modelling governments and economists use, all over the world, said the economy was doing fine; it was only going to go up, and a crash couldn’t happen. Then a crash happened. We call it the Global Financial Crisis. The suffering it caused was immense and still goes on today.
Come discuss this with us on
Twitter / pegsinstitute
Instagram / pegsinstitute
Facebook / pegsinstitute
Watch on Odysee odysee.com/@PE...
Sources:
No one saw this coming. Understanding financial crisis through accounting models - Dirk Bezemer www.rug.nl/res...
Can Goldilocks Survive? - Wynne Godley and L. Randall Wray (1999) www.levyinstitu...
Modern Money Theory for Beginners - L. Randall Wray • L. Randall Wray - Mode...
Credits
Written by Andrew Johnson and Jackson Winter
Spoken by Andrew Johnson
Edited by Jackson Winter
Icons made by MD Badsha Meah, www.wishforge.games, icon king1, Free Preloaders, Raj Dev from www.freeicons.io
Tank icon by Freepik from flaticon.com
All other graphics created by Jackson Winter
Music
Heaven and Hell by Jeremy Blake
That is completely wrong.
Money is created via loans, and never deleted.
To control the speed of creation of money, more or less loans are made.
A decentralised assortment of private banks controls their collective issuance of loans to control the money supply? That's one I haven't heard before. Where did you get that from?
@@PEGSInstitute There are literally central banks (centralized....). This is a fundamental of modern economies. How have you never heard of this. And you're posting videos without even knowing the first thing. Oh lord...
I'm not sure you've understood the mechanisms of central banks
ruclips.net/video/mEwivQeD0Q8/видео.html
@@PEGSInstitute I do understand them. I hope you at least brush up on fundamentals that you're lacking instead of misinforming people
You might want to look into the linked sources instead of pretending like we just made this up.
Please pin