Dsglop Response Part 6

Main Channel: http://www.youtube.com/jacobspinney
Response To: http://www.youtube.com/dsglop

Category:

Education

Tags:

• peter
• schiff
• Freddie
• Mac
• Fannie
• Mae
• austrian
• economics
• for
• Senate
• stupid
• debunked
• loser
• ron
• paul
• nwo
• gold
• standard

[DKshad0w]

Good old Keynesian "Empiricism". I can do it too! Since the Great Depression ended when a white president was in office. This depression will never end while we have a black president in office. Who needs silly deductive logic.

[rockandrock44]

Way to be calm about his blatant personal attacks. And Dsglop..I was the one who said JacobSpinney would own the professors..seeing as they say the same crap that you do.

It's really not that hard to own someone who thinks destroying things creates wealth and that the State can create wealth by taking it from others.

[hugesinker]

Actually, the money "created" by fractional reserve banking is destroyed when the loan is repaid so there is a level of fluctuation here.

[ExquisiteDoom]

@SpamSpamNEggs Yes i agree credit expansion today leads to monetary expansions because the central bank will ease the credit problems with more liquidity rather than tightening the belt and that is why we will have inflation. I do not agree that banks that simply provide a brokerage service for the central bank at the moment creates inflation because they are not the FED. Maybe if they owned their own currency they might do so, but that would not be profitable for them in the long run.

[ExquisiteDoom]

@SpamSpamNEggs Is credit money? Why don't we just call it money if it is? I don't understand how crediting money that is not made by yourself would create inflation, and i don't understand why you do not wish to differentiate them for the sake of clarity. Yes, credit will in fact shift the psychology as to what the value of money is but i do not see where actual money appears in the system in non-credit form by a bank (objectively). Inflation occurs from the money supply, not credit expansion.

[monsieurmitosis]

I think BSGloop must work for ASUS or Samsung or one of the other companies that manufacture LCD monitors. I know I've smashed several since attempting to interact with that guy in a sensible way. Unfortunately, it can't be done.

[Visfen]

Even by neoclassical standards the changes in FDIC rules for deposit insurance contributed to the 80s bubble. So dsglop doesn't even know his mainstream economics well enough.

[spol07]

@wizkid2000 But if he stops then the retard is going to claim victory.

[Tyler4981]

Wow, what an arrogant prick.

[wizkid2000]

Please stop responding to this retard. He isn't going to change his mind. Whats more he as shown himself to be a world class scumbag. You trying to argue to this fool is definitely putting pearls before swine.

[shanedk]

@Surhotchaperchlorome Correct; it doesn't cause inflation, it only magnifies the inflation that has been caused by the Fed.

[Surhotchaperchlorome]

@shanedk

Which is why the video title seemed to read, how it makes inflation worse, not how this is the source of all inflation.