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Which lecture is supposed to preceed this one - Damon is referring to it... ? Great lecture. Will search for Damon's lectures from now on.

In Actuality, this is what you should expect from the perfection of hypocrisy and faked-up belief systems that have been buried in mafia-like silences for decades. The Cold War urgency for protection that cannot be, has created real non sense, that a permanent threat is a defence, and subsidized fossil fuels are a legitimate alternative to nukes and eliminating the threats by eliminating the human planet. Ancient times people were fitted to the actual superimposed cycles of real-time holography, so banking was by measures of seeds and animals, DNA "financial investment", the labor of plants in the ground/bank. "All flesh is grass". The Calculus of quality before quantity that is understood as the moral of Gold-Silver Rules now needs a review, reiteration and rational explanation inherent in e-Pi-i Superposition-point Entanglement Fusion-Fission Function resonance in QM-TIME Completeness. The intellectual ability is in abundance, pointed in the correct way free of corrupt Nomenclatures.., ie restart at First Principle Observation approach.

I am a proponent of MMT and very much support it politically. I don't call MMT a fairy story.

I'm an American and a registered democrat and am a security guard thus working poor and I can white and I work with blacks espanic and whites and everyone is working more than one job to make it and young people live with parents and all the ones I know voted for Trump and will vote for him again We don't buy your lies Trump is the first person since Rus Perrot that was not for globalism outsourcing our jobs and insourcing cheap labor You saying we are racist that is what all those who are not for national ism ie the constitution and have living wage jobs for Americans we are sick of the race to the bottom to slave labor whether you are a woman or man black or white No one thinks Trump is a perfect person and we know he has to go against a Congress and senate and judiciary all bought by the glabal elite that have gone by the golden rule he who has the gold makes up the rules so he will have all the gold and all the power We are tired of working and still it is never enough You saying trump is a racist is just not wanting to deal with Americans who are tired of competing with slave labor cheap labor the race to the bottom You are so insulting and immoral evil evil makes excuses for oppression The working class is tired of your B's lies lies all for greed at the top Your job depends on being sold out to global elite companies Devo's crowd is evil group who can't get enough power

Also: please consider the state at its various levels. Municipalities alreasy have opportunities for money creation, investment and ways to drive the local transition. I see how bicycle paths are changing mobility. Ground source low T heating & cooling infrastructure can be a next big driver .. but only when funding & ownership reaches the optimal places. Ground source heat pumps automatically include energy storage that is essential in combination with variable wind & sun. (a positive externality, now unfunded) We must combine the virtual finance language with fysical reality.

I hear a lot of words that obscure what and where things need to be done. Broadening balance sheets. Financing. Funding. Backstopping. Cleaning up the debt. It smells like MMT, and the jubilee of the bible and ancient Sumer, in 5000 years debt .. but obfuscated it all these words that seem the same, but are apparently different stages of a larger system. Please explain. Also acknowledge that this is not really all 'financial innovation'. These are also ancient mechanisms, with historical precedent.

Thank you so much for this presentación!!

People who say "college is a scam", obviously never attended a lecture of this caliber.

Neo liberalism was the authoritarian right all along, they just knew it would implode eventually, but it gave them the wealth they needed to fund nasty militarism around the world.

China and Russia fans in the comments, he did not mince words. Just because you take part in an evil system to protect yourself, you are still complicit in its results.

Neoliberalism as a global system simply puts the developed and powerful economy used the underdeveloped and weak economy to advance its economic agendas.

Neoliberalism is advanced by selfish fools who want to dominate and control others through wreaths without oversight by the government so they can run wild. Seems Donald Trump fit the bill as neoliberal.

Since when were Clinton, Blair, Obama, Cameron, Biden, leftists ? Neoliberals sure, Left-wing neoliberals , not so much. Some kind of contradiction going on there old bean.The neoliberals control the messaging - surprise, surprise.

Maybe I'm wrong about this but she seems to have the money creation reversed. Government must either collect taxes or borrow money BEFORE it can spend it because the account is at the Fed. The government must issue bonds and the banks buy them before the account has money to spend. Government deficits always cause inflation because "capacity" has no real scientific definition. How can capacity be measured - the government has no way of knowing what the real economic capacity is so they don't know how much they can borrow without causing inflation. The real measure is how much the government spends adjusted for productivity increases. Our economy should produce moderate deflation to account for increases in productivity - more goods and services should make lower cost per unit - i.e. slow deflation. People's savings and retirement should not loose value when productivity is increasing. While it is true that government spending provides temporary relief by putting liquidity into the markets, it is also true that the resulting debt and taxation reduce what the private sector would do more efficiently.

Thank you

Wow

Vote Biden please

Wow

✌️✌️✌️🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👏👏👏

95% of Chinese expressed satisfaction with their government while only 35% Americans expressed satisfaction with their government in Harvard and Gallup polls

Neoliberalism rules, ok. ruclips.net/video/hLtkJ-AgLuY/видео.htmlsi=--Rh3DGDaIZwazxh

This should be watched by the whole world! It should be headline news!

Crisis of 2008 was biggest theft by banks .

I feel we never recovered. Money worth as used toilet paper.

Why always ASHKANAZIS!! NEVER ASIAN, AFRICANS, INDIGENOUS, INDI-LATINOS!

You said that Trump is an authoritarian and Biden is a democrat. Perhaps this is not so if we assume that neoliberalism has not become a zombie, but has turned into what is called neoconservatism. Neoliberalism is not a political regime, but neoconservatives are a political regime. Therefore, you had to refute the assertion that the United States is an authoritarian state. No, not authoritarian, but it is a neoconservative regime. Perhaps someone will be able to formulate what a neoconservative regime is.

There was a chess boom in the USSR. This is a huge number of hands involved in the production of board games, as well as chess schools. I mean money. After the Rubik's cube boom came Tetris. It's kind of like going from a hoe to a horse to a tractor. For a hoe, a horse, a tractor, a 20% loan is, if not fatal, then bondage on the brink of survival, if there is no compensation from the state in an explicit or camouflaged form, for example in the form of benefits for children. You said that neoliberalism, if I understood correctly, is about power as an Olympic sport without rules, or rather, the future holds nothing positive?

biggest theft in history = lol

This gentleman is very smart and clairvoyant

Professor silver's, why do you continually say that the United States is borrowing money? The United States is borrowing money. The United States federal government creates the money. It doesn't borrow its own currency that it creates. Why do you do that, sir? You know better.

Barack Obama said in a press conference.What the backers did was immoral and unethical but it wasn't illegal. Well, that is a lie, what they did is.Illegal fraud is illegal.Fraud is a felony.

The reason Thatcher had such an intellectual hegemony was JUST because she was a woman, in my opinion. therefore people gave her theories the benefit of the doubt.

How cute, they all believe in fairytales.

MMT is just the bargaining phase of a grievously dying economy. It's the kubler-ross model of the five stages concreted towards the mountainous level of debt. That can no longer be paid back in full. Ever.

He does not “get it”.

I remember those years. Didn't the IMF rape their lesser countries? 🥸

01:17:45 the origins of the Ukraine war are more in the coup d'etat perpetrated by the USA against the democratically elected and neutral governments of Victor Yanukovich. We have Victoria Nuland on record handpicking the after coup government and infamously uttering "F*CK the EU".

As a resident of the UK, I can tell you that the taxes on ordinary people is not low and we are being screwed big time. The taxes on the extremely rich might not be with tax advice and loop holes to avoid the taxes ordinary citizens pay.

Modi is More Socialist and Kensian than All westen Leaders Combined. But still he is Right Authoritarian😂.

1:45 before the point began. Refund please. Uh uh. Still 4 minutes in and nothing. Can you edit yourself so I don't waste my time on your lack of credentials. 4:23. Finally.

I started my first semester in September 2008 as a community college transfer student to state university. I didn't know anything about politics or economics, I was an English major, but I happened to be taking a political science course to fill a requirement. I remember another student who knew a lot about mortgages arguing with the professor, telling her she didn't know what she was talking about. It was a heated time, and keep in mind this came at the end of 8 years of Bush, who was hated passionately, and the utopian wishing for an Obama administration. Two years later in 2010 I graduated with a BA in English. What a decade the next ten years would be for me, economically and politically. This decade after 2008 defined me and many like me, thanks for the great lecture.

Thank you sir.

Plain awesome presentation. Solid stuff all-around and all-the-way through. ...Bookmark this one.

You debauch the currency and you expect to expect financial stability? The bankruptcy policies should be employed let the punters go belly up and clean the deck. But this guy is part of the problem. Let the market work. This guy is a vested insider. He should be punished!

Ludicrous take on the reasons for Brexit and the implications

Greed.

Ur a salty j3w

Is nobody critiquing this? I agree with some of it, but a lot of its nonsense. He claims at the start that Ireland found alternatives to austerity, when a massive austerity program was delivered in Ireland. Look at the 2011 budget which planned 24k job cuts, welfare cuts and wage cuts. Hindsight is a wonderful thing, but the UK did not know where bond yields were going at the time. We saw where they could go, as markets started refusing to lend money to certain states. Moreover we saw where they could go in the UK if we dramatically increased borrowing. Liz Truss tried it and spooked the markets, which increased our bond yields relative to our competitors. Besides these debates assume austerity was delivered in the UK, and make the ridiculous suggestion that governments replicated Hoover like policies. Hoover like policies were never replicated, as the UK government massively increased borrowing. We ran the largest deficit in our history for years and doubled our national debt as a percentage of GDP. The Bank of England printed massive amounts of money through QE and we had negative interest rates. Then he goes onto the nature of austerity, saying education and state departments that promoted the supply side were cut. Where is the evidence that education spending was ever cut in real terms? Public investment as share of GDP was higher than it was in Germany. He blames austerity for the stagnation of UK productivity, when productivity had been stagnating for several years before the 2010s. There are also so many caveats around the way productivity is calculated, which may have depressed the UK figures. For years we were told the the UK was the worst performing economy in terms of productivity growth. The figures were subsequently revised up, which moved us from bottom of the pack to average. If austerity was so destructive, then why did the UK manage to create over four million jobs during this time and suck in millions of immigrants? During the peak of austerity, the UK was creating more jobs than the rest of the EU combined. More French people cam to live in the UK since the persecution of the Huguenots. Finally this is a declinist debate, where the assumption of decline is made and we latch on to yet another fashionable scapegoat.

N the first will be last.. N the last will be first..

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.