A New Progressive America
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All Comments (43)
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They need to work on their communication style....lol
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Just started watching video. I don't know if they are going to mention Obama, but I have something to say about him . How he fooled many of us that he was a progressive. Obama lied so much in his campaign. But if we did our investigating before voting we would have e.g. read Ricky Hendon's memoir and known far ahead of time that Obama was a slimy corporate whore "liberal" in the same league as the Clintons. I hope some one like Russ Fiengold runs in the primaries. He is a true progressive.
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@etzel33 .
I'll check it out. In the system that I had in mind most of the money created would still be issued as debt by banks. Only the money put into circulation by gov would be debt and interest free, but it would still be an increase in the overall money supply, which by definition is inflation.
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@jjrglobal Only if you think that money is debt (credit), which is what it has become. Please watch Secret of Oz and give it an honest review. I have it linked on my channel.
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The banks wouldn't need to be 100% capitalized. There is nothing wrong with Fractional Reserve banking. If they had to be 100% capitalized, then there could never be another loan made, and our economy would go back to the dark ages
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Inflation is the growth in money supply. Under my system there would be monetary growth based on a % of GDP. This would mean that the money supply would always grow at a fairly steady and forecastable rate. This would be necessary to make up for the interest charged by banks to consumers and businesses. I'm not sure, but I believe the growth in money supply would directly correlate with the amount needed to pay the interest to banks, since it would be based on a % of GDP
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Why is it strange that I understand money? I told you Ive been studying monetary policy for 25 years. I disagree with your progressive stance, because it goes completely against the abolition of the Fed. Like I said, name 1 progressive beside yourself that even talks about killing the Fed. There are none, because they use the Fed as their piggy bank to pay for the deficits. I also disagree with your belief that my system would eliminate inflation, it wouldn't. It would guarantee it.
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@jjrglobal Now this is strange... now you're all about monetary reform? If government stopped issuing bonds, and if banks were required to be 100% capitalized, then you're right... inflation and deflation could be eliminated under the plan you propose. Where's the hangup you have with my comments earlier?
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@jjrglobal Dennis Kucinich... and learn your history a bit before mouthing off like you have divine inspiration or something. I'll bad-mouth Mises all day buddy. Did you know he was financed initially by the Rockefeller Foundation. ROFL... They want to go back to private, uncontrolled banking, not monetary reform.
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China is going thru the same growing pains that every emerging economy must go thru, we went thru ours in the late 18 and early 19 hundreds. China is a bad place to live compared to here because they were Communist up until the 1980's, theyve got a lot of catching up to do
Does progressivism make any sense to anyone. All these people get up and talk about all these statistics about what the people want according to their survey of god knows who. Go around and ask people what policies Obama has about anything. Voters dont know dick, if they did Ron Paul would be president
jjrglobal 2 years ago 7
@jjrglobal
1/2
Please don't resort to insults.
I disagree that China is more capitalitic, but even if it is, that just strenghten my argument even more, becayse China is a bad place to live compared to the US or Europe.
Of all my statistic the "happiness" one is the least meassurable. But all the other is!
The idea behind the happyness meassuring was to see if there where a relationship between for instance higher income / education / healthcare ect and overall happyness.
TheSaltyAdmiral 1 year ago 2