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116 - Postgame ft. Milton Allimadi (Patreon)

Published:
2019-11-26 02:15:39
Imported:
2026-06
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Postgame - 116 - ft. Milton Allimadi

Uploaded by The Michael Brooks Show on 2019-11-26.

Comments

Brosnan

Hahahahaha I am also "very hard and potentially very close." Seriously though, you guys' work is invaluable. Thank you!

Bijou Smith

@11:50 Varoufakis only rode that dude's back to an easy lay-up. He did not dunk on the guy. The other half of the macroeconomy for the UK is that a household cannot issue money, since that's counterfeiting, whereas the government can. So again, government budgets are a lot like the opposite of a household budget. The more the government is in deficit the more savings households + firms will have. Household+firm savings = government spending - taxes (assuming trade balance). It is not too simplistic to say that (ignoring trade current account) that government deficit spending equates to anti-austerity ---- the only question is how the deficit gets spent, does it go to interest payments of government treasury bonds (welfare for the rich) and tax cuts for the rich, or does it go into direct spending on public services and investments like education and healthcare. So, in fact, Varoufakis left a vital piece out. Everyone can save and the economy can grow, but only if at least one sector, namely the government does not save and instead deficit spends. And the government can always do so, since it can issue new money for it's spending.

Kathy Ross

Is anybody else having a problem with the video stream cutting off? Lately I've been having a problem with the videos not playing all the way through.