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Not good job detective😢..how he assumed that electric store always will choose not lending money to the bank??.. then money will be creat..less but will be creat..then both are same...free market always have inflation😅but should control it

This also sounds like sliding into eventual mark of the beast. People will be depending on that little bit of money and can't do without it. All this automated S _ _ t is our demise. We need factories and real people working in them not robots. We need to make everything our country needs here not overseas, we make very little of what we use now! It's all about greed and who can make it the cheapest! Universal income is not going to solve our problems!

Then why don't we call the entrepreneurs innovators? Why there are two words?

Lincoln and Grant created Lobbying. Stickin Lincoln married business and state. We need "Separation of Business and State"

This is for prices for stuff.

All your video are nice and helpful but government's people won't like it😅

Run, don't walk if your management installs it. Height of short sighted, cost cutting at all costs philosophy. The employees get blamed for not meeting un realistic production goals. Quality goes out the window. I learned to hate the company that I had worked 30 years for. All seems like a waste of time.

810$ for a leather jacket? What was mans buying?

they are printing money for proxy wars. gov debt intererst has reached the point of it outpacing rev. its over

The argument breaking problem with the Austian school: I know how much you'd like to live in a Hayek model of economy, but for that model to work, several geneartions have to sacrifice their livelihood and prosperity towards reaching economic equilibrium. And the generation that starts an Austrian model, gets the worst of it. Are you truly willing to be that first generation? And why would any entire generation sacrifice themselves and thier families, for the sake of their non-existing descendants who live 100-300years into the future? Wouldn't it be fairer if we just split the burden?

What a lot of rubbish. Don’t waste your time.

Do people really always act purposefully to achieve their goals? Psychologists may disagree with that. Why do people buy stuff they don’t need even when it makes them unable to achieve their goals?

the idea that the Austran school isn’t ideology is a joke. The video says this isn’t the case because they developed the theory by talking to entrepreneurs and stock investors. A huge bias right there. The theory has been proved wrong. It just doesn’t work in practice. We never have perfect markets or market information. There’s always unfair market power and so on.

If all banks are full reserve system, where do they get the interest from? Interest itself is a money creation

how could they print more money from that when they are lending out the same money

One year since you posted any video 😢 please come back

If I'm poor, it's difficult to get rich. If I'm rich, it's easier to stay rich. I wouldn't argue that trickle-down economics is a straw man argument or even how to tackle poverty, but the idea the economic mobility is the same at either end of the spectrum. I'm sure the people who fall out of the top five wealthiest category aren't too concerned for the well-being.

Yall just love your buzzwords… collectivism, red tape, socialized. Those are just frames of basic facts. You can also easily use profiteering, rent seeking, captured markets. Same facts, different interpretations.

Simple and effective explaining! Very good content

Theft is not money creation.

Yeah except, the only difference is that one requires consent and a time period, the cascade to infinite money was only stopped when you said and the tv seller decided not to give a portion of his money to the bank to loan out additionally if the tv buyer went bankrupt and the bank only got a fraction of the money they lent out back then uh oh suddenly they only have a fraction of the reserves instead of full reserves now you could say but the fees would help offset that and to that I say it doesn't matter the possibility is still there.

X corporation was formerly known as twitter which let employees go? 😂

Sounds like professor Newman 🤔. Very cool guy

For info, in a small economy with few goods, people don't need to rely on barter to exchange goods. They can simply opt for “flexible social credits” - that is a promise to give something back once, not necessarily a specific good or service. Barter was necessary to make a good emerge as a medium of exchange, and then turn it into a commodity money, but not to make exchanges between neighbours possible. Thank you a lot for your very insightful videos!

“Your” money... as banks like to say.

very useful

No mention of Bitcoin?

Since the government is 30 trillion dollars in debt, somebody isn't managing money right, if the government steals a trillion dollars a year, from you, it should be spending nine hundred fifty billion a year, and putting the rest in savings, I knew this as a teenager, and am a person who is slow mentally, a rock has more brain power, I'm not playing with a full deck, for those in government not fiscally responsible, shame on you

I agree

bitcoin sounds so perfect

respectfully, I'm a little confused. I feel like Tom's lifestyle and plan is pretty much common sense, like isn't that what everyone would do? Pete's choices don't really seem like things that people would actually do either, at least not many people. Additionally, the risk-taking part is well exemplified in the fisherman example but not so much in Tom's life. Like, he makes investments and starts businesses and stuff, all of which can go wrong, but none of them do. Tom is saved at least partially by luck. My final point of confusion is based moreso in the implications of the video than anything it actually says. One of the themes of the video is that wealth is created by taking risks and self-sacrifice. This seems pretty true. My issue with it is that the video seems ignorant of the fact that not everyone has the same opportunities to take those risks in the first place. in other words, it isn't really an equitable situation. For example, what if Tom was from a relatively lower-income family that depended on him for support? If that was the case, he wouldn't have as much money to invest or use to start a business, even if he had the same level of self-sacrifice and frugality that he did in the video. And, sure, he could live even more frugally and skip out on more stuff to be able to make those investments and all, but after a point it isn't as much of a feasible choice to make. After all, those risks mean more to someone who has less disposable income, especially when it might involve lowering your standard of living to invest/start a business that you aren't sure will succeed. that's all.

I don't see any cited studies here, but would highly recommend this video giving a detailed assessment of financial risk management assessment of climate change from the institute and faculty of actuaries, UK. ruclips.net/video/X-FJvzgrM00/видео.html and the peer reviewd article from the same actuaries.org.uk/media/qeydewmk/the-emperor-s-new-climate-scenarios.pdf "climate-scenario models in financial services are significantly underestimating climate risk... estimate a 65% GDP loss or a 50-60% downside to existing financial assets if climate change is not mitigated ... these are likely to be conservative estimates."

Why the USA and the EU have not sanctioned Israel …that has broken all the European Rules of the United Nation’s charter ,regarding War crimes,Genocides,on Palestine for the last 74 years,and definitely,on the War of GAZA ,bombing destruction human habitat ,bombing civilians ,murdering children ,women ,young men ,torturing Palestinians unlawfully detained ,since over 74 year ,Israel colonialist settlers,have been executing in cold blood ,Palestinians and steeling their land ,by building settlements on Palestinian owned lands ,using military force against the people,with no army to defend them ,leaving in GAZA an open air prison ,with no rights ,watched by Israeli military day and night ,not able to leave unless permitted by Israeli military forces,that abuse them ,like inferior to the Israelis ,by conducting shamelessly,towards all Palestinians ,by military force and indignation,Zionist Israelis do not belong to that land ,remnants of the Holocaust survivors that😢 have with the help of colonialist Britain ,came to Palestine to steel the land from the indigenous people ,and claiming that religion was a race ? This is a scum ,that cannot go on ..by Israel getting away by GENOCIDE in Palestine .😢😢😢😢😢😢😢

There is a misunderstanding if you believe logical dedication is the same as Science; to quote Google Science is “the systematic study of the structure and behavior of the physical and natural world through observation, experimentation, and the testing of theories against the evidence obtained.” The issue with calling AUSTRIAN ECONOMICS scientific is that their methodology, even as you describe it in this very video, doesn’t actually consider real world observation and experiment; again, we can understand how one might logically conclude an increase in minimum wage would increase unemployment, for example- the issue is we’ve actually observed the opposite in the real world, you even point it out and basically state “despite the evidence you an see how Austrian’s MUST be right” That is literally, by definition, not Science.

4:22

Thank you for this ❤

We only need 21 million units of the he currency to run the economy 😊

The 1% of rich Americans think of how to invest their money to increase their wealth during the recession. While the 99% of struggling hard-luck Americans think of how to survive without food and daily necessities in the recession and the coming hyperinflation. I am just about to make my first index fund purchase via vanguard. I intend to invest long term. just getting slightly stuck on how I balance my percentage portfolio between equity vs bonds. Low risk is good for me. Any tips

Money temporary, barter eternal🗿🗿🗿

fiat money is not same as debt, the bonds and loans are debt.

The artickle named trickle down climate risk regulation is difficult to understand clearly , so i search sth about this method but i cant find explanation to this artickle still

Here is a video of Universal Basic Income discussed by a Tesla robotics follower. A different perspective. ruclips.net/video/YWhV5RmNksU/видео.htmlsi=qz4Ec7ad5ftjPIk9

Nice content!

THERE"S A FLAW TO MILTON"S PUNNET SQUARE! UNLESS YOU LOVE YOUR NEIGHBOR AS YOURSELF

Why dont these owner just shut these companies down? Do they care more about enriching themselves instead of wanting to compete in a fair playing field?

One of my teachers ages ago called this The Garden Of Eden fallacy.

Great video!

What about health regulations? Take the example of wheat. Say there is an innovation ie a chemical which kills parasites and bugs thus increases production but also, over a very long term, it causes severe cancer and is harmful to humans. As it's so long term, the effects on demand will not be immediately felt. The government tries to educate people through propaganda and awareness but it's not enough, people still buy the grain. Surely the government should regulate? The issue is that pure free market assumes consumers act not out of selfless but out of self interest. But even the fact that consumers act out of self interest is not certain.

thank for video..