Finally

They make investments on a large number of companies and expect one to pay off several times while all others produce a loss.

We did it gaymers

After it took plenty of persuasion from YouTubers with influence to get off their dumb asses

@Blackhawk342 to be fair, is that different than most R&D work?

Nah, R&D is kinda like playing hide and seek while the seeker is blindfolded

Any economists or people in finance here? Wondering if any of you have thoughts on the relatively new "Modern Monetary Theory" and the increasing US government debt relative to the relatively stable worth of the US dollar.

MMT is the economics of agenda 21

can anyone explain to me how it makes sense? I watched a couple videos about it, and it really seems like they're advocating for countries to just print money for their social programs.

It doesn't make sense. It's commie propaganda.

https://youtu.be/Ptu2R-CM6Mo

If you're not listening to Tom Woods regularly, *you're wrong.*

Who's thaaat

some historian dude with a podcast?

he looks like a potato

@Pendell Stefan Molyneux wishes he could be this guy

i'm enjoying it so far

gotta go to sleep though. continuing later.

@Aero I just listened to this one today, and honestly anyone who's to the Right of Tim Pool should listen to this one. Probably the best one for normies I've heard.
Also, Sargon of Akkad as well. It makes his argument about individualism vs collectivism seem autistic lol
https://www.youtube.com/watch?v=OPLsAc55UaY

Sargon calling himself an individualist is inconsistent with also supporting the social contract.

i'll check out more of his stuff. tbh, i'm currently mainly interested in this "MMT", which appears to have come out from left field. When I hear "print money as you want", I immediately get a bit concerned... and this stuff is being taught in colleges ffs! (i haven't really been paying attention to the development of this brain cancer... only just found it yesterday)

@halfthink If you watched my video link, you would realize you and sargon are both wrong lol

i'm of the opinion that you can be both an individualist and support a social contract, unless we get into 'purity tests'. just like how a capitalist can like *some* social programs.

what do i know though. ill watch your vid tomorrow fitzydog

You can't really be an individualist and not an ancap.

again, this is where we get into purity tests, which I will agree to disagree with people on.

Essentially, the argument is that actuall individuality is having the freedom to choose which communities you are a part of, because a community is a necessary part of being human

No one exists in a vacuum, nor do they want to

this MMT discussion is leading me to believe that proponents of MMT really don't understand accounting... or at least can't distinguish the meaning of numbers on a balance sheet.

@Aero No, most Lefties are economically illiterate

MMT is basically people who think they understand economics because they understand accounting.

@Fitzydog that's probably more true than not. but hey, those on the right are too trusting of people, which leads to giant corporations forming and wealth generation to be a primary target (which negatively impacts things like: social framework, environment, people's lives (in the case of inadequate drug testing), etc.)

@halfthink Sargon is an idiot

they barely understand accounting tbf

it's too late. misspelling things too often. gn guys

I like how people are arguing about a summary of a video I posted, without first just watching the damn thing

I was leftist until I realized pretty much everything the government does is wasted money.

what

@Aero Usually, it's those on the right who trust absolutely no one.

There's just been a systematic brainwashing of society to put trust in the state

@Existence is identity In reference to the average Normie, is he wrong?