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@tvojemama0123456789منذ 3 سنوات "The road to hell is paved with Ivy League degrees" - Thomas Sowell 315
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@nikiforCSDمنذ 3 سنوات The older I get, the more I realize that, except for very specific questions with demonstrably true/false answers, no one really knows anything. 541
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@charleshager1164منذ 3 سنوات Deficit Enthusiasts: borrowing to build critical infrastructure will more than pay for itself! Borrowing is good!
US Govt: borrows endlessly for literally everything besides critical infrastructure 765
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@brokenrubber5701منذ 3 سنوات Chill people. If I can drink myself sober, we can borrow our way out of debt. 650
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@xostlerمنذ 3 سنوات “Why should it matter to us? We’re not gonna pay for it!”
The last thoughts of a dying society. 442
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@wolfsden6479منذ 3 سنوات We are running towards a cliff, and people keep say "we aren't off a cliff let's go faster". 677
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@binksblogمنذ 3 سنوات Stopped trusting most anything a Harvard grad says some 20 years ago. 390
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@Widemouth1832منذ 3 سنوات I'm starting to think the economists don't have any idea what they are talking about. Everything is okay, until people around the world start to believe that the dollar isn't worth what they think it is. 405
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@cristobalcosta1132منذ 3 سنوات Warning from Argentina: a debt crisis is no joke. Thanks for making this video. Keep up the great work! 97
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@smicksmooketyمنذ 3 سنوات "Higher inflation is good" - this guy went to college, let that sink in. 371
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@worsethanjoerogan8061منذ 3 سنوات "We can print as much cash as we want because we print USD"
2030: Yuan becomes preferred world reserve currency 606
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@Apc-manمنذ 3 سنوات Does anyone actually think the current leadership is going to go one live Tv and tell seniors congratulations we are cutting Social security and Medicare id="hidden3" class="buttons"> benefits by 50 %. They don’t have the courage for that type of policy. They are going to go out on TV and blame the other party instead and let the problems get worse. ....وسعت 297
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@marcello1099منذ 3 سنوات They printed so much cash here in Venezuela that cash doesn’t exist anymore 35
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@fcstrength7058منذ 3 سنوات I love how we went from way too big federal govt to Godzilla federal government in 3 months 608
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@rodneyharris4797منذ 3 سنوات Actually, this is the same way a run my household. My credit cards are maxed, 95% of my homes equity is mortgaged, i drive luxury cars that eat most my id="hidden4" class="buttons"> paycheck, and eat out all the time.
But don't worry, my plan is to grow out of it. I will be fine. ....وسعت 342
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@maxpower1652منذ 3 سنوات OK, I'll bite. So if debt doesn't matter then we don't need to forgive student loan debt. 380
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@sekusafمنذ 3 سنوات "Zero default risk?" "We borrow in our own currency." There's a word for that- hyperinflation. 131
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@mvsainz90منذ 3 سنوات We're screwed. And on top of that they'll wonder why people don't dare have children with uncertainty like this. 163
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@ChadE19منذ 3 سنوات "I don't believe in [modern monetary theory]"
Moments later
"There's no default risk because we borrow in our own currency." 213
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@sylance777منذ 3 سنوات I'd love for someone to do a day in the life of a federal spending dollar. Watch as it's pulled from the tax payer, put into a bloated budget, id="hidden6" class="buttons"> where it's supposedly going to flow into an 'infrastructure' but goes into a donor's pocket, or at best, bounces around dozens of federal agencies where it gets smaller and smaller until about 2-cents gets put into a bridge. 25-years later. ....وسعت 66
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@DallasCowboyFan95منذ 3 سنوات Perfect response to john oliver's hit piece on my boy Stossel 285
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@QuanNguyen-mo3jvمنذ 3 سنوات The debt level is less important, the real question is how do you spend the money. Unfortunately, the government spends somebody else’s money on somebody else , which is the most kind of spending as Milton Friedman pointed out. ....وسعت 54
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@UserNameAnonymousمنذ 3 سنوات "The loan I took out was good. If I hadn't borrowed money, I wouldn't have been able to go on vacation and maintain my lavish lifestyle. Plus, id="hidden8" class="buttons"> this way, I didn't have to examine and modify my spending habits!" "Yeah, but you're going to have to pay it back." "so what" ....وسعت 68
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@someones5551منذ 3 سنوات I love how you show and let both sides/men speak and answer uninterrupted. 54
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@theman4884منذ 3 سنوات At in to the video Jason Furman hit the nail on the head. The government will never spend as well as I can. This is why the government needs to stop spending money and let all the "I"'s of the nation spend the money as they see best. ....وسعت 47
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@Joe-ti8orمنذ 3 سنوات Economist:”Higher inflation is good”
Venezuela, whose currency is now worth less than RuneScape gold:”I’m going to stop u right there” 17
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@FurEngelمنذ 3 سنوات John Oliver just covered this on last night's show, and he said "Nothing to worry about"! So spend away gov. Johns got your back! 189
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@Changbastardمنذ 3 سنوات Seems to me, we are being sold a Degree from a for-profit school that has sold us the idea that we will have a guaranteed 6-figure job when we graduate. Sadly, the degree is in 20th Century Art. 37
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@WasFakestCenturyAestheticsمنذ 3 سنوات 20 years ago, before the wars and bailouts, economists were debating whether it would be bad to pay off the national debt too fast. Just 20 years ago. 29
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@adamsyveمنذ 3 سنوات This has been on my mind constantly lately.
Thanks for weighing in on the debt conversation 15
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@agroves72منذ 3 سنوات Thanks for presenting two intelligent viewpoints on opposite sides of the issue. That's so rare these days. Much appreciated. 24
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@drpule8609منذ 3 سنوات Old man in a shop told me "You can't get a meal for 3$ now" 2
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@shermanngjazzمنذ 3 سنوات Let's keep printing money guys! Surely that wouldn't lead to hyper inflation lmao 118
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@tabinekomanمنذ 3 سنوات As non American I always ask myself, what the heck is American economy. 8
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@brettstixxمنذ 3 سنوات The government is like a teen with their first credit card, buy buy. 6
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@darylfoster6133منذ 3 سنوات The dilemma with having the attitude that it can't be paid back is that once you reach that point, which we have, then everyone just throws up their id="hidden12" class="buttons"> hands and says "Well, if it doesn't matter anymore, then let's just go all in." The problem with bad ideas is that they work until they don't. When they stop working, the results are usually catastrophic. ....وسعت 9
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@aevangel1منذ 3 سنوات This is so disgusting, stop spending us into oblivion. 6
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@JamesSimmonsمنذ 3 سنوات The perpetually smug face on the Harvard economist tells me all I need to know; we're screwed. 11
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@troydunn9153منذ 3 سنوات so.Help me help you.
Make it legal for me to counterfeit money. I will help you 'grow the economy'. 50
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@checkmate058منذ 3 سنوات Yes, if the other party is in charge.
No if our party is in charge. 6
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@MaskHysteriaمنذ 3 سنوات Don't trust the "experts" - all too often they don't look outside the tiny box that their "expertise" keyholes them into. id="hidden13" class="buttons">
In 2005 I went to work for a sub-prime company with no knowledge of how sub-prime worked. At the time a litany of "experts" were downplaying legitimate concerns about massive over-speculation in real estate. One of my projects was to work with the company's "expert" who gave me an in-depth, top-down explanation of how it all worked. He confirmed that the primary thing holding it all together was a low default rate and that the default rate required to cause it to collapse had "never happened". I asked how far his data went back, to which he replied "after the 1920's".
I sold my house as quickly as I could and left the company. ....وسعت 14
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@Junokaiiمنذ 3 سنوات If it were actually spent on America, that would be great. Especially all this lost revenue that would've otherwise been spent on America as well. 19
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@dyllinroberts1442منذ 3 سنوات You guys highlighted the single biggest issue with the federal government right now. It is very bad at choosing where to invest money and resources. Absolutely terrible at it 2
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@jorgeavalos816منذ 2 سنوات This is the best video I had seen in youtube. One year later it is describing the scenario we are living now. 1
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@eod_dan5745منذ 3 سنوات This aged well, 8 months ago an economist on this channel said we should expect to see the highest inflation in 40 years sometime this year.BINGO happened November 2021 with no signs of it abating anytime soon. 3
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@natura808منذ 3 سنوات Harvard University professor just told me it’s ok to max out your credit cards especially if you borrowed US dollars. 6
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@miki09876منذ 3 سنوات Balanced nuanced reporting. nobody shouting. Love it 1
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@ryanwinters9375منذ 3 سنوات Major governmental debt like this is something that’s not gonna cause much of a problem until it way too late to fix at which point we will be lucky if we experience some thing like the great depression and it might just completely cripple the nation entirely for a few decades ....وسعت 8
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@forthelulz8085منذ 2 سنوات "We know that inflation doesn't go from 1.5% to hyper inflation in an instant" that quote aged well. smh 3
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@FurEngelمنذ 3 سنوات BTW, there is no longer USA debt, as US spending has surpassed that of securitized debt, meaning its just printing money with extra steps. 11
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@xanadu8436منذ 3 سنوات always love zach weissmueller vids, keep up the great work! 20
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@JacobAnawaltمنذ 2 سنوات Looking forward to a follow up on this 1
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@nerdymidgetkidمنذ 3 سنوات Very well-balanced. Both sides got to talk for extended periods. Well done! 1
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@Agitabodieمنذ 3 سنوات How dare they say Pakistani Gender Studies isn't a future investment in the US infrastructure. 13
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@erccdangمنذ 2 سنوات It's estimated that literally 80 billion in covid relief was lost to fraud due to government ineptitude. Claiming you can make a return on your investment id="hidden18" class="buttons"> as a nation requires you to first be competent enough to hand a check to the right person. ....وسعت 2
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@mygmail6579منذ 3 سنوات I like how they let both guys have their say and calmly allow both of them to explain their point of view
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@poodlescone9700منذ 3 سنوات If people think inflation does not happen, look at Venezuela and Zimbabwe. 2
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@chuckmartin935منذ 3 سنوات Thank You for mentioning the Austrian School-Rothbard!!!
What about Mises and Ralph Raico also? Professor Racio was a Powerful & witty speaker who grabbed your attention.
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@bikinggregمنذ 3 سنوات Jesus, what the hell kind of economics are they teaching in colleges? 14
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@neves69منذ 3 سنوات It's impressive how some random npc old dude can rekt an entire country in 3 months 6
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@TheFloatingSheepمنذ 3 سنوات So the lesson I take from these "economists" and government is that I should just keep using my credit cards and burying myself in debt on the id="hidden20" class="buttons"> off chance I'll manage to dig myself out of debt by infinitely borrowing. ....وسعت 8
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@patriotninja2043منذ 3 سنوات We are overwhelmed and overburdened with infrastructure
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@strawberryzebras6725منذ 3 سنوات Thank you for presenting two sides of the argument
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@bazle64منذ 3 سنوات Renewing roads is not gonna bring in extra surplus. It is just maintenance 1
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@robomac3430منذ 3 سنوات Inflation is already happening; been to the Grocery Store or Hardware Store lately? Prices of lumber have skyrocketed. It will get worse 19
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@idiotproofamericaمنذ 3 سنوات Actual journalists doing actual journalism. Damn, that's refreshing.
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@adityaparam8736منذ 3 سنوات Completely unrelated, but I'm digging Mr. Weissmuller's beard. 2
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@Akaterialمنذ 3 سنوات The reason why the US and other countries today and in 2008 were able to borrow so much is because they were global crises. There was nowhere else for id="hidden21" class="buttons"> investors to put their money. If the US experiences a local crisis, the price to borrow, i.e. interest rates, will go up and it will cause all of the negative effects discussed in the video. ....وسعت 2
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@vde1846منذ 3 سنوات "Money printer go brrrrrrrrr" - The Fed 1
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@minkanyoutuber8881منذ 3 سنوات Pump up the volume & let it crash! Those of us that take care of ourselves will be fine no matter what the future may hold. Besides a tyrannical id="hidden22" class="buttons"> government that slits it's own throat is fantastic for individual liberty. ....وسعت 12
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@DavidSmith-eh7rsمنذ 3 سنوات John Cochrane needs to be the guy advising presidents.
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@DanCooper404العام الماضي Throughout the pandemic, I not only continued to work full time, but even got overtime. My "stimulus" money went towards a down payment on 10 acres I absolutely could have lived without. Thanks, Big Government!
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@bluesunproductions9079منذ 3 سنوات I didn’t see any comments in this program about the massive tax cuts. Increased spending is only half of the reason why we have such massive deficits. We ran a surplus when GW took over. Since than Republicans have increased spending and cut taxes at same time and since we haven’t had pain from massive increase in debt the Democratic now think we can spend as much as we want. This has been a complete failure on both parties. The last large tax cut had huge promise growth. At best we got maybe 1/2 of 1% in extra GDP growth short term. That wasn’t worth the massive debt increase. All America get excited about tax cuts, they don’t understand that inflation is a form of tax and we will all be paying it in the future. ....وسعت 2
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@magicalminty6203منذ 3 سنوات The government doesn't need to spend money on infrastructure, the best way for infrastructure to start booming is for the government to lower taxes, slash regulations, and get out of people's way. 1
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@kurtiscecil6326منذ 2 سنوات No mention that the US Dollar's status as reserve currency has insulated us from much of the effects of high debt. The only thing saving us is that id="hidden26" class="buttons"> the country trying to unseat the Dollar is an authoritarian regime making even more mistakes than our own. ....وسعت 2
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@SpartacusColoمنذ 3 سنوات I'm going to go buy a Ferrari, two-dozen tailored silk suits, 20 cases of Armand de Brignac, an 80-foot yacht, and a former rap-star's mansion: put it all on the card. 3
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@wtk6069منذ 3 سنوات We're nearing the point where we may need a national default just to save us from our out-of-control government spending. We are so screwed as a country. 2
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@jasondashneyمنذ 3 سنوات What a great video. Both sides got a chance to explain their side, and the viewer is left to decide for themselves. It seemed to have a "don't id="hidden29" class="buttons"> spend" bias, but not by much. Very well done. Why can't all discourse be this way? ....وسعت 1
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@misao3004منذ 3 سنوات This is scary. Why am I watching this at 2am?
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@Rajaat99منذ 3 سنوات None of the major political parties care about debt, so debt will keep increasing. 3
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@deathlarsen7502منذ 3 سنوات High speed rail is a great example of government graft. Diane fiensetein husband getting the building contract and it's a spectacular fail
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@kevinkelly1875منذ 3 سنوات You’ll see how much it truly matters soon enough. 1
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@aguy3082منذ 3 سنوات "If we pay of the debt now, we will have less money now." The insanity of these people is thinking that impoverishing their children and grandchildren is preferable to a temporary slump in economic growth. 1
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@ynkybomberمنذ 3 سنوات That first line made me lol they have cheated for so long they think the cheating is normal haha 1
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@gayusschwulius8490منذ 3 سنوات "It's not like you go from 1.5% inflation rates to hyperinflation within the blink of an eye"
Yes, that's true, but once inflation id="hidden31" class="buttons"> starts to grow rapidly, you cannot stop it anymore. It's a chain reaction by that point and will inevitably lead to hyperinflation. And that CAN happen within the blink of an eye. It's always how it happens. ....وسعت 22
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@erikjohansson4275منذ 3 سنوات The earthquake fact is such a good and topical comparison. You should really cover the literal earthquake fault on your channel!
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@cselectricalengineerمنذ 3 سنوات One of the most annoying things: "US will never default because we borrow in our own currency." While technically true, that does not mean it's id="hidden32" class="buttons"> immune to (hyper)inflation. And when it comes to creditors, they can demand to be paid in different currencies like they did for Argentina. ....وسعت
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@papiparsons9045منذ 3 سنوات Why do I keep hearing the word “borrowing”, but no one is buying the debt, they’re just PRINTING IT! 1
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@jrizaacمنذ 3 سنوات Senator: The debt is a THREAT to our national security!
Pentagon: Oohh. so can we invade it? 1