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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. czcams.com/video/hLtkJ-AgLuY/video.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? 🥸

Yeah so you saying that it failed 2008 and after 16 years only you got here?

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.

what makes US timebomb to me, as layman vs china is that china has built manufacturing, thing that raised US to superpower above UK in 1940s and won WW2... but now mentality in US is reduce manufacturing and any labor as long as profit is made (MBA model persisting like UK old pre-2008 financial model dysfunctional now), meaning outsourcing manufacturing. Still, US foreign policy follows pre-WW2 era doctrines, flavor of monroe doctrine, in economic terms: no country shall rise above US in prosperity... but they have no effective tools against china, as china can also print and support their manufactruing, which US cannot do due to mentality shift (money throwing wont solve things, like it didnt bring back manufacturing post 2008 despite multiple QEs to corporations directly). Thing with allies is that they could and would want to manufacture, but this old mentality pushes to undercut them. It works on allies but not on china or other BRICS as they have prepared for that. So essentially US and other western companies then race to the bottom buying products from BRICS countries. Only exception is military hardware that is tightly regulated and not on mercy of MBAs/corporate CEOs bean counting best profit margin. Why manufacturing is important? Coz it is essentially backing for non gold based fiat currency, balancing something to sell and trust to pay back in some form loans. Also it is remedy incase russia tries to undercut and block export to that manufacturing/service sector base. Most of all in crisis, war, cold war 2 situation it ensures economy wont collapse 1920s germany style when both imports dont work and money is more and more worthless. Last straw would be Mexico joining BRICS, not that im so sure how influential that organization is but china uses influence to those countries offering good deals.

👉The professor admits that some people in Western countries are so wealthy that they can buy governments. At the same time, he claims that there is democracy in the West and that public opinion matters, as we saw when everyone was locked down like sheep during Covid. I believe that leaders like Putin, Xi Jinping, Modi, and others whom the professor calls dictators have less power and influence than those in the West who can buy entire governments and live in the shadows without taking any responsibility. Regarding Elon Musk, the professor is wrong; Musk is not a master or ruler but merely a servant. This is evident as the whole world saw him humbly visiting his masters, standing like a student, and listening to lectures on the Holocaust and how everyone else is wrong, with only one nation being right on Earth.

Fsntastic👏. Thank you for sharing. 👌

Meanwhile the rich continue to hoard tens of trillions off shore in tax evasion

#10 interesting overview of financial banks. I wonder if November elections results will follow similar patterns or lead to financial crisis.

So nobody could see that a massive transfer of wealth from future generations to a hanful of wealthy individuals wouldn't be problematic? Where was the good professor when he was bailing out "sophisticated investors" with society's wealth? Only now he's on the lecture circuit warning us that his efforts then are still dangerous today. Well thank you for that!