the shadow bankers of this great country created TRILLIONS of dollars in new (debt)money, during the last ten years without any apparent impact on the "value" of the currency. (procyclical)
no complaints there, for some reason.
Those TRILLIONS were in addition to the total of commercial bank loans for the rest of the world we all live in.(BAD !)
Additional currency created for payments of additional goods and services is neither inflationary nor devaluing.
What, Warren Mosler omits is: every unit currency created, devalues the existing currency of the same denomination. Availability or currency liquidity always filters through the economy ultimately because more currency is spent be it by purchase, hiring, government spending, etc.
It is that 'availability' that provides more currency for existing goods/services/resources. The more money available, the more that will be spent. That ultimately will raises prices, boom vs. bust (deviation).
You have great strength of character and an ability to withstand inhumane treatement; that is to say, I can't get myself to watch CNBC for more than a few seconds--just long enough to realize it is CNBC and frantically change the channel.
CNBC = Sach the middle class propoganda. Period. They are primarily responsible for the state of the world. I can't stand to hear a single syllable from any of their scummy mouths.
You are right in the mechanism he described in this vid (in which he was given about 2 min of actual talking time to explain a complex concept, making it tough for me to watch). I looked into him a little more, seems he is running for President and Congress as well. In a campaign speech he talks about crediting the people directly, but didn't elaborate on how, probably as he said in this vid.
Interesting concept, I don't understand what would motivate people to work/take risk in it though.
Something for nothing. My, what an original idea. What a great big shell game!
BabyHominid 1 year ago
seems questionable, in real terms.
the shadow bankers of this great country created TRILLIONS of dollars in new (debt)money, during the last ten years without any apparent impact on the "value" of the currency. (procyclical)
no complaints there, for some reason.
Those TRILLIONS were in addition to the total of commercial bank loans for the rest of the world we all live in.(BAD !)
Additional currency created for payments of additional goods and services is neither inflationary nor devaluing.
EconomicStability 2 years ago
Dr McHugh at Technical Indicator Index has been talking a very similar thesis for at least two years!Leads to trickle up.
justjacqueline2004 2 years ago
What, Warren Mosler omits is: every unit currency created, devalues the existing currency of the same denomination. Availability or currency liquidity always filters through the economy ultimately because more currency is spent be it by purchase, hiring, government spending, etc.
It is that 'availability' that provides more currency for existing goods/services/resources. The more money available, the more that will be spent. That ultimately will raises prices, boom vs. bust (deviation).
drchiodo 2 years ago
Gott im Himmel...
Die Mark wacht auf !
waldentree 2 years ago
Nick,
You have great strength of character and an ability to withstand inhumane treatement; that is to say, I can't get myself to watch CNBC for more than a few seconds--just long enough to realize it is CNBC and frantically change the channel.
CNBC = Sach the middle class propoganda. Period. They are primarily responsible for the state of the world. I can't stand to hear a single syllable from any of their scummy mouths.
JejuLee 2 years ago 2
Debt wrong!
qminusis 2 years ago
You are right in the mechanism he described in this vid (in which he was given about 2 min of actual talking time to explain a complex concept, making it tough for me to watch). I looked into him a little more, seems he is running for President and Congress as well. In a campaign speech he talks about crediting the people directly, but didn't elaborate on how, probably as he said in this vid.
Interesting concept, I don't understand what would motivate people to work/take risk in it though.
NAVYGOLDEIGHTFOUR 2 years ago
It's all about the interest.
SpringboardShop 2 years ago
Psychobabble rap from all sides.
Love your efforts, Nick. Thanks much.
Airave 2 years ago