Podcasts about economicsjunkie

Nima and Dylan discuss more good & bad MMT criticisms. Sources: Modern Monetary Theory Is a Recipe for Hyperinflation (https://fee.org/articles/modern-monetary-theory-is-a-recipe-for-hyperinflation/) Modern Monetary Theory Isn't Economics (https://fee.org/articles/modern-monetary-theory-isnt-economics/) The Shortest (and Best) MMT Primer You’ll Ever Read (https://www.pragcap.com/the-shortest-and-best-mmt-primer-youll-ever-read/) Unemployment Is Created By Government And Can Only Be Solved By Government (https://www.youtube.com/watch?v=NBgfAV78yII) Is the Federal Reserve Bank Public or Private? (https://www.economicsjunkie.com/is-the-federal-reserve-bank-public-or-private/)

Dylan and Nima discuss the private banking system.

Nima and Dylan discuss criticisms of MMT.Sources:MMT: A Rebuttal To The Theory & It’s Primary Stances (https://think-liberty.com/opinion/mmt-challenged/)Debt: The First 5,000 Years (https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290)

In Episode 2 Nima of EconomicsJunkie.com and Dylan of the Volitional Science Network discuss Modern Monetary Theory (MMT), in particular the so called Federal Job Guarantee. Topics discussed: What is unemployment? Does the state have a responsibility to address it? Can such a program work in a libertarian small government? And who's going to pay for it all? References: Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, by L. Randall Wray (https://www.amazon.com/Modern-Money-Theory-Macroeconomics-Sovereign/dp/0230368891) Debt: The First 5,000 Years, by David Graeber (https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290) How Government Budget Surpluses Can Cause Economic Depressions (https://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/)

In Episode 2 Nima of EconomicsJunkie.com and Dylan of the Volitional Science Network discuss Modern Monetary Theory (MMT), in particular the so called Federal Job Guarantee. Topics discussed: What is unemployment? Does the state have a responsibility to address it? Can such a program work in a libertarian small government? And who's going to pay for it all? References:Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, by L. Randall Wray (https://www.amazon.com/Modern-Money-Theory-Macroeconomics-Sovereign/dp/0230368891) Debt: The First 5,000 Years, by David Graeber (https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290) How Government Budget Surpluses Can Cause Economic Depressions (https://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/)

Nima Mahdjour of EconomicsJunkie & Dylan Moore of the Volitional Science Network discuss Modern Monetary theory, cryptocurrency, politics, and philosophy on the Think Liberty podcast.

Dylan Lawrence Moore of the Volitional Science Network and Nima Mahdjour of EconomicsJunkie.com discuss the "Bitcoin Bubble" and why bitcoin, or any cryptocurrency, has any value. What is the value of bitcoin and cryptocurrency? What gives it that value? Is bitcoin an actual currency? Viewed from the lens of Modern Monetary Theory.

The Federal Job Guarantee - What Heresy is This? Dylan Moore of the Volitional Science Network and Nima Mahjour of EconomicsJunkie.com go over the basics of libertarian and Austrian thought on the role government plays in the economy. A philosophical analysis of negative and positive rights tells us that any time the government gets involved in PROVIDING something, it must be inherently oppressive because someone need merely demand it to create an obligation on the government to provide it, and the government must provide it by taking it from someone else. The Bill of Rights enshrined the concept of negative rights in the US Constitution. However... there's a weird one. The 6th Amendment. The government guarantees a right to a speedy trial. That sounds kind of like a positive right, doesn't it? (NOTE: Dylan totally said 4th Amendment in the video. Doh.) Libertarian philosophy argues: if the government causes the problem, then the government has to provide the solution. If the government arrests you (problem), it has to give you a means to deal with that arrest (speedy trial). Thus it doesn't fit the category of a positive right. ...but what happens if government causes the problem of requiring citizens to pay taxes with money? Nima and I discuss this problem in the video. Debt: The First 5000 Years by David Graeber https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290 How Government Surpluses Can Cause Economic Depressions: http://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/ Source: https://youtube.com/watch?v=NOsAawM9JAA

Dylan Moore of the Volitional Science Network and Nima Mahdjour of EconomicsJunkie.com welcome WARREN MOSLER to the Volitional Science Network. Warren is the founder of Modern Monetary Theory and the foremost expert on the subject. Warren weighs on the several subjects we have covered up until this point, as well as dropping several bombshells about the functioning of the economy and the utter incompetence driving most economic problems. We cover: -Why MMT is so distasteful to conservatives (and everyone else) -How US bonds don't fund the government -How interest rates ACTUALLY affect the economy -What quantitative easing does to the economy (virtually nothing), and why everyone freaks out about it (and why they shouldn't) -What actually happened during the banking bailouts of 2008 (it's nothing like we've been told) -Basics of the banking sector -How the US is utterly overtaxed and the damaging economic effects of transactional taxes (sales tax, VAT, etc.) -Proposing an idea: wiping out ALL federal taxes and replacing it with a base 5% property tax. No more IRS. About halfway through the video we experience some minor connection problems. We decided to cut our videos to improve the connection. Source: https://www.youtube.com/watch?v=6WSQ20I1Jv4

Dylan Moore of the Volitional Science Network and Nima Mahjour of EconomicsJunkie.com go over the basics of MMT: what you've never been told about the economy. -The concept of Credit Money and the Statist origins of money -Sectoral Balances: how foreign trade can affect money supply and economic conditions -Floating vs. Fixed Currency Systems: the arbitrariness of the gold standard -Why do governments sell bonds? Do they actually fund spending? No. They are essentially risk-free assets for rich people. -What do federal reserve interest rates do? Nothing. -If interest rates do nothing, why does the Fed control them? -What does Quantitative Easing do? Turns out it's nothing to worry about. -The basics of the private banking system Real Progressives Steven Grumbine interview with Nima Mahjour: http://tinyurl.com/y9qtu9o8 Debt: The First 5000 Years by David Graeber https://amazon.com/Debt-First-5-000-Years/dp/1612191290 How Government Surpluses Can Cause Economic Depressions: http://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions Capacity Utilization: Total Industry fred.stlouisfed.org/series/TCU Source: https://youtube.com/watch?v=H-61nMYXsWs

Dylan Lawrence Moore interviews Nima Mahdjour with EconomicsJunkie.com to discuss Modern Money Theory and why it is so dangerous to "balance the federal budget". It is typical for conservative administrations to attempt to practice "sound economics" by balancing the budget. However, the rules for economy function differently with the federal government than they do for the rest of us. Nima uses MMT to describe what's going on in the current economy. Sources for the discussion: 17:35 - How Government Budget Surpluses Can Cause Economic Depressions http://www.economicsjunkie.com/government-budget-surpluses-can-cause-economic-depressions/ 21:00 - Trump’s Tax & Deficit Stance Might Be Spot On https://beinglibertarian.com/trumps-tax-deficit-stance-spot/ Empiricism Shatters the Barter Theory of Money: http://www.economicsjunkie.com/empiricism-shatters-barter-theory-money/

Dylan Lawrence Moore interviews Nima Mahdjour about his experience at the UC Berkeley Riots which canceled the Milo Yiannopoulos speaking event on 2/1/2017. Nima is a Bay Area entrepreneur and investor who writes about freedom and economics on EconomicsJunkie.com. He's also a contributor at BeingLibertarian.com (https://beinglibertarian.com/author/ma/). Here is the YouTube clip: https://www.youtube.com/watch?v=k3gGOBKSKwE