Why Haven’t We Seen Hyperinflation?
25:28
1,006,146
Reddit
Get your first seven days right now for just ONE dollar. Go to ➡️ trends.co/jaketran for your $1 seven-day trial! 🔥
Watch the full Peter Schiff interview on the new channel, Intellectual Dropouts here: jake.yt/psi
Me and Peter Schiff go deep into inflation, hyperinflation, the federal reserve, and more!
Check out @Peter Schiff's stuff!
Peter Schiff’s IRbin channel: jake.yt/psyt
The Peter Schiff Show Podcast: jake.yt/pss
SchiffGold: jake.yt/schiffgold
Euro Pacific Asset Management: jake.yt/epam
Check out @Economics Explained’s video, ‘Is Hyperinflation Coming?’: jake.yt/eehi

🎥 Business is complicated. Subscribe to curiosity: bit.ly/jt-sub
✉ Be the first to watch new videos with email notifications: bit.ly/jt-inbox
📸 Follow me on IG: @jaketran.io // bit.ly/jt-ig
👨‍👦‍👦 Join the Tran Mafia Family here: bit.ly/patreon-jt
💬 Join the community Discord: discord.gg/BmK8EnQ
Support this channel monetarily:
💻 𝗟𝗮𝗽𝘁𝗼𝗽 𝗟𝗶𝗳𝗲𝘀𝘁𝘆𝗹𝗲 𝗔𝗰𝗮𝗱𝗲𝗺𝘆: Learn exactly how I landed my $40/hr work from home job ($83k/yr) at 19 years old: jake.yt/LLAd
🌐 Best affordable website hosting: jake.yt/bhd
🖥️ Website platform I use: jake.yt/kd
💽 Editing software I've used for 7+ years: jake.yt/ccd
📒 Online bookkeeping software I use: jake.yt/benchd
🧾 Best affordable bookkeeping software: jake.yt/fbd
📜 The exact resume I used to get my $40/hr remote web dev job + a lot of bonuses: jake.yt/DRBd
📚 Get 3 free audiobooks for life: amzn.to/2v58PSu
🎥 My video gear, setup, tech, books: jake.yt/stored
✉️ Email me: jake@jaketran.io
Subscribe to the backup channel on LBRY, use reward code "jake-cast" for free coin: bit.ly/LBRY-jt
📰 Sources & visuals: bit.ly/2Mw5i8y
-----------------------
Coming straight from the Federal Reserve, we started this period with around 4 trillion US Dollars in the system. One year later, that number is at 6.7 trillion dollars. Meaning that over 40% of all US dollars were printed in just the last 12 months. And from the looks of it, no one seems to be in a rush to slow things down. And strangely enough, we haven’t seen much inflation for everyday goods like gas and food? Prices definitely haven’t gone up anywhere near 40%?. Where’s the inflation?
The reason why we haven’t seen inflation is because the amount of money being printed is only one of the factors that contributes to inflation
To get inflation, here’s everything you need:
1. Industrial Output: how much “stuff” an economy makes
2. Employment
Too much employment leads to employers fighting over workers, which leads to higher wages, which leads to higher prices
3. The Money Supply: the main topic of this video and probably the easiest to understand
More money when an economy is producing the same amount or less stuff equals higher prices
And 4. If money is exchanging hands, and if so, how fast is it exchanging hands, or the Velocity of Money
And in our case right now, the money supply has shot up a ridiculous amount, but the other factors have been keeping inflation down
Industrial Output: It’s been down from businesses not being able to operate, which means less stuff. But there’s also less demand from you and I to buy those things.
Employment has also definitely taken a hit. And with less employment comes lower wages, which means lower prices. Not inflation.
And the Velocity of Money. It’s pretty slow for everyone with all the uncertainty in the air. People don’t want to spend a lot of money right now if they don’t know if they’re gonna be able to find a job or keep their job
But you know what they are gonna spend it on? The things that only go up! Like Tesla stock, every other stock, real estate, and Bitcoin!
But instead of calling it inflation, we call it the stock market rally, the real estate boom, crypto’s time to shine or the great crypto bubble depending on who you ask.
Should the money printer keep going brr? Can the money printer keep going brrr?
-----------------------
Philanthrope, Leavv - What Was Before chll.to/7764bee5
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, jake@jaketran.io, and we can sort it out.
Copyright © 2020 Transcend Visuals, LLC. All rights reserved.
DISCLAIMER: These videos are for entertainment purposes only. This is not meant to be financial advice. Please always do your due diligence and never stop learning.
AFFILIATE DISCLOSURE: Some of the links in this video description are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or opt-in.

نظر
  • Jake Tran
    Jake Tran

    Get your first seven days right now for just ONE dollar. Go to ➡️ trends.co/jaketran​ for your $1 seven-day trial! 🔥

    • tropickman
      tropickman

      I thought the federal reserve controls the supply of money and not the gov.?

    • illimited knowledge
      illimited knowledge

      this is not only happening in USA, this is happening now in the WHOLE WORLD! welcome to Hyperinflation World, welcome to mad max world!

    • Anonymous
      Anonymous

      einstein you forgot the trade embargos on Zimbabwe, farming isn't hard to learn

    • Andrew Lamont
      Andrew Lamont

      @Jake Tran This video totally misses the point. The government doesn't spend the money on nothing, it spends it on jobs, hardship benefits, infrastructure, hospitals, schools all of which have a much larger benefit over the long term. Prices might rise for a few years, boo hoo, but on the bright side your entire economy didn't collapse. This pandemic was the opportunity for governments to upgrade public infrastructure to keep the economy going while the private sector has been suffering. I am so glad that I am from New Zealand, where we have a competent government which is democratically representative and where we disdain politicians who are as abhorrent as the one you voted into the last term. Here in New Zealand our government is spending their extra money on upgrading our entirely country, solving a housing shortage and addressing climate change. We defeated Covid in May with a lockdown and our economy has barely even taken a hit because of our success in totally eliminating it for almost a year. This video is entirely based on a straw man argument. A misunderstanding of the point of government spending, you never once mention where that spending goes or what it does to put money in peoples pockets so the economy continues to function. This video is just another part of the American paranoia of their own government (an institution which is suppose to be for the public good), a paranoia which is mostly based on false slander from the right wing and is ultimately self fulfilling.

    • m3abdi
      m3abdi

      @TheCripOf WallStreet black farmers ?? Nothing about the ppl taking all the wealth out the nation n fleeing to Australia and Canada. alt right talking points.

  • Tony Rose
    Tony Rose

    Usa vs China. China mining crypto USA printing $ for crypto. Swapping an inflationary asset (usd) for crypto a non inflationary asset. Battle of power going down

  • Stefan S
    Stefan S

    Too many non-US example. And no time stamps.

  • Darker Souls
    Darker Souls

    So when the gov prints money everyone's like "oh yeah that's cool" but when I do it I go to jail smh

  • Renegade
    Renegade

    The way things are being explained here makes me feel that the US is going to go back to it's roots of making money, which is war....

  • Dorm
    Dorm

    Didnt JFK get assassinated for trying to get rid of the federal reserve? They wont change and wont stop. They will be fine while the rest of us starve.

  • Anonymous 1988
    Anonymous 1988

    Two words gold silver

  • ohio player1177
    ohio player1177

    Zimbabwe is what is going on in the United States with Obiden and the left printing cash. The part I can't figure out is why they send 3/4 of the cash overseas? Why do they do that and what part will that do with inflation? Buy bitcoin 👌

  • bungis kungis
    bungis kungis

    End the Federal Reserve.

  • ohio player1177
    ohio player1177

    Buy bitcoin

  • Ra Mänd
    Ra Mänd

    Printing the money is the inflation. You are talking about inflation consequences seen in prices.

  • Madhavi latha
    Madhavi latha

    How do you get movie footage for your videos?

  • Gordon Styles
    Gordon Styles

    This video was great on the history, but as soon as it said that all the money in existence is what’s on the Fed Balance sheet: WRONG. Sigh.

  • Michael Yao
    Michael Yao

    America export inflation all over the world. Party is over. Trillion of dollars would come back to USA and China would refuse to be your factory. Say no to dollars

  • Vladimir Lenin
    Vladimir Lenin

    You forgot to mention Hungary

  • Matthew Lombardi
    Matthew Lombardi

    Yo I like the jacket. What kind is it?

  • Josh Norton
    Josh Norton

    this video was semi stupid and pointless.

  • Sean Bailey
    Sean Bailey

    Because the US dollar is backed by nothing, so the only thing making $1 worth $1 is people agreeing it is. Hyperinflation was backed by gold. You know the value of a Dollar fixed v an asset.

  • surveyguyor
    surveyguyor

    Worried about inflation? wonder why our shelves are not full? Research for yourself how much food we ship to China. They need it and we have no problem sending it there and feeding them. It's staggering.

  • surveyguyor
    surveyguyor

    It's happening, it doesn't jump to ultra high numbers overnight, but it's already happening. Look at the price of gas. The effects have started in all aspects. While they exponentially print money, then it keeps "hiding".

  • Parham Davoodi
    Parham Davoodi

    So they avoided hyperinflation by decreasing employment and other factors. kinda sad

  • Lunar Module
    Lunar Module

    Its a dishonest description of MMT. MMT people say there's a limit and the deficit has to be managed. They also say pay people to work when the job market is weak, not pay them to do nothing (the pandemic is another issue) Tge objective being to keep workers up to date, active and to increase the output. The GOV and the central bank are NOT applying the MMT. They are doing something else.

  • gaijinblow
    gaijinblow

    "They can't do it forever" "Watch me"

  • Nuno Tonelo
    Nuno Tonelo

    Because the scarcity is not in commodities, but a hole made by the financial services that are acting like casino

  • UFOinsider
    UFOinsider

    You’re literally just serving as Schiff’s megaphone without critically questioning anything he’s saying. He doesn’t even critically question anything he’s saying. For example, have you considered the temporary nature of the cash infusions? You make no mention of it

  • V U
    V U

    They just print money for their jewish pals in wall street to play with.

  • SAMURAI K9S
    SAMURAI K9S

    Lockdowns

  • Ricardo Blikman
    Ricardo Blikman

    Lol Don't worry 80% of that money is parked @ the Bermuda's by the rich so it wont be released into the economy because it would get taxed if they move it back to the US. If the dollar gets destroyed China will get the hardest hit!

  • Toni Dueñas
    Toni Dueñas

    Venezuela government banned firearms from citizens in 2012...it collapse 2016. If they ban in the u.s then we can expect a collapse.

  • don hansen
    don hansen

    When a bankruptcy occurs there is a destruction of wealth that may in large part accrue to the government. How does this effect things? Don

  • Hyperloop Beats
    Hyperloop Beats

    "Money does not grow on trees." What's money made out of? Paper Where does paper come from?

    • Shantanu Pandey
      Shantanu Pandey

      Tree.

  • swap
    swap

    Best video I have ever watched related to Inflation!

  • Remo Gaggi
    Remo Gaggi

    The US is going to collapse. And it ain't gonna be pretty.

    • Maxim
      Maxim

      We can only hope... It would be grade in the sense that the US will stay out of the rest of the world for a while, but also when US collapses, so will many NATO countries... And Ofcourse than China will become the new asshole superpower (not for long though, since they'll run out of people)... So maybe it will be great who knows

    • Chaz Parish
      Chaz Parish

      Been saying it for years nobody listens

  • Sorin Nicu
    Sorin Nicu

    It's still time for hyperinflation.

  • D B
    D B

    Germany wasn't called the Weimar Republic until after WW1...

  • Damian_ai9
    Damian_ai9

    This is why Bitcoin is our only hope, US dollar is going to fall

  • Brandon Malcolm
    Brandon Malcolm

    The bawdy behavior crucially label because dietician recently bounce sans a wonderful anthropology. goofy, barbarous aquarius

  • JER JOS
    JER JOS

    Looks like 45% tax rate coming in the future.

  • Michael Looks
    Michael Looks

    So TL;DR is that once the pandemic restrictions leave and the market becomes more regular is when inflation will come? Dang it.

  • Scrooge McDuck
    Scrooge McDuck

    We are headed for a Worldwide crash. Perfect timing for a Worldwide currency. This is all been planned out for years.

  • Anthony Walker
    Anthony Walker

    Inflation could happen but I highly doubt it, they are trying to print away deflation. Many unemployed people out there with decreasing purchasing power, just now they’ll be giving money away for free just to “stimulate” the economy away from a depression.

  • Diwakar Chettri
    Diwakar Chettri

    If you oppos a white country, then they'll destroy your economy....remember Zimbabwe and Venezuela

  • Flying Translator
    Flying Translator

    US 10-year treasuries are on the way up. Make of that what you will.

  • Derrell Price
    Derrell Price

    Glad I am 79 years old. Self imposed pain is the most idiotic act a human being, if you can call them that, can make. The most pain inflicted is pain inflicted on ones self.

  • Tanner Bean
    Tanner Bean

    'No matter where you go relative to the surface... it doesn't make sense" 😂

  • ТурбоТОП
    ТурбоТОП

    A lot of delusional BS in this video.

  • therealthreadkilla
    therealthreadkilla

    What planet are you folks on? Hyperinflation is everywhere. a halfway decent house in my hood is a $1,000,000.........

  • Rafael Valencia
    Rafael Valencia

    But the people only got 1 check of $2,600 in a whole year & a half where is this money that is being printed going? Funny they didn’t touch on point.

  • Lucas Dillingham
    Lucas Dillingham

    Silver and gold Just imagine it like the dude from Rudolph is singing it

  • Neo Lix
    Neo Lix

    18:30 Libertarians will never understand that we're playing this game because we decided to form a society for a greater good than just our personal fortunes. These people are literally burning the world for their own wealth.

  • Anex415
    Anex415

    I need an advice. Lets say i wanna launder small amount..how much should i bank in? Monthly? Weekly?

  • L A
    L A

    inflation is a myth, we have the capability to send out 2000 dollar checks every month to every american but we won’t. Instead they’ll spend that money on the military and give it away to foreign governments

  • We Need Patriots
    We Need Patriots

    Certain economies are experiencing stagflation. In the past six weeks, we experienced a 20.68% increase in (premium grade) gasoline per gallon. Also, we’ve experienced an 18.3% increase in organic chicken breast. Inflation is lagging indicator of new circulated cash. Get ready frenz, because our national economy is about to take a massive shit on us!

  • David Wong
    David Wong

    Why Haven’t We Seen Hyperinflation? That question make me think ... Why do those 2 different speakers sound different while they measure the same? Insufficient theory, measurements, model are possible explanations.

  • Santiago Suarez
    Santiago Suarez

    I am a manufacture. The price of raw materials has gone up about 35% in the last two months. I'm having a hard time passing the cost to my costumers.

  • Samantha Rondeau
    Samantha Rondeau

    40%? More like 60

  • jaydav04
    jaydav04

    The petro-dollar keeps the US dollar afloat. This is one of the reasons the US wont leave the Middle East.

  • maTzeprei
    maTzeprei

    As long as all major central banks are devaluating their currencys by printing we are fine. Or are we?

  • Rosco
    Rosco

    Don't be stupid, buy Crypto

  • Goose
    Goose

    Haven’t we seen a form of hyperinflation in that stocks are way overpriced.

    • J Tommy
      J Tommy

      No that’s just overvalued stocks. Hyperinflation means the dollar is worth less, and it’s really not.

  • aquaphazed
    aquaphazed

    Excellent piece. Get bitcoin while you can, ladies and gentlemen.

  • ForcefighterX2
    ForcefighterX2

    "Should the government have a monopoly on money in the first place?" Wow Jake Tran do you actually not know, that the governments have to BUY the money? This is the root of the scam - there are private companies "selling the money" to the governments (e.g. federal reserve). Maybe I just misunderstood Jake... Edit: Sorry I obviously misunderstood Jake. At the end of the video he discusses the problems arising from exactly this buying of money and accumulating debt in the process (by the governments).

  • ForcefighterX2
    ForcefighterX2

    By the way the government is NOT the issuer of money. If governments were the source of money, they could by definition not have any debt. The governments are just the entities creating the most dept in order to lend more money for specific purposes. Be it in Europe, where the European Bank creates the money, or in the USA where the federal reserve (a private bank) creates the money - in the end, the governments simply lend the money (by selling bonds to the central banks). However, most money in circulation is the result of credits given out by private banks to people and private companies. And yes, this is not 100% correct as there are minor regional tweaks to the system, but this is pretty much how it goes in most part of the world.

  • Joshua Fitch
    Joshua Fitch

    Facts you didn't address. 1) what about fiat currency and that everyone is printing not just the US. 2) The US dollar is the world exchange currency. 3) bills can be paid with printed money and so on and so on so along as inflation doesn't become realized (see statement 1)

  • OhGeeGanksta
    OhGeeGanksta

    Government intervention hoisting up the market and unrealistic projections.

  • Mike C
    Mike C

    “Haven’t seen hyperinflation” have you seen those gpu prices? 2500$ for rtx3070?

  • Gene Au
    Gene Au

    Because there is not enough velocity.

  • Penguin Hunter
    Penguin Hunter

    Now I wanna know how people survive in those hyper inflation situation?

    • J Tommy
      J Tommy

      Probably by government assistances...few people can live without their help

  • Burzin
    Burzin

    8:20 The actual video starts here. You are welcome.

  • Mark Keller
    Mark Keller

    People need to understand the government has NO money to spend. The only money they have is OUR money. What we earned. When the government spends they are actually taking from us and giving to others, mostly non productive people.

  • Noah Lamb
    Noah Lamb

    Peter Schiff has been predicting hyperinflation for well over a decade in response to the massive quantitative easing in the Great Recession and now he is repeating these claims in the pandemic. He will continue to be wrong. This video grossly misrepresents the arguments for increasing the money supply so here are the real ones: Economic downturns produce deflation, and if you don't stop deflation, then no one spends money because it will be worth more in the future turning downturn in to depression. The massive increase to the money supply is just to keep inflation rates at their targeted goal and is in fact easily reversible, because most of the vast majority of the money supply increase comes in the form of electronic money rather than printed paper bills. Printing money has nothing to do with deficits and everything to do keeping our inflationary rate at a predictable and controlled level.

  • Moises Jimenez
    Moises Jimenez

    One of the other problems with the modern monetary theory is that the national debt for the US isn’t JUST government debt, about half or more of that is also civilian/consumer debt....

  • Sergio Velasco
    Sergio Velasco

    Peter Schiff has been predicting hyperinflation and doomed US economic system since 1998. He might be right some day.

  • Flash Gordon
    Flash Gordon

    Jake Tran, you refer to yourself as a hustling entrepreneur business owner. Do you have a business or businesses? Are you an entrepreneur? I can see your a hustler by being a content creator with a half a million subscribers making probably 12-$,15,000 a month of gross income. But does being a content creator on IRbin make you a business owner or entrepreneur? IDK if it does and if it does please explain. I'm sure being as you are financially smart that you use your IRbin revenue to invest, most likely in digital currency or trendy stocks but what business or businesses do you own? And how are you an entrepreneur?

  • Flash Gordon
    Flash Gordon

    And for you libtards... This isn't former President Trump's fault... It's the Government's fault... The former President doesn't make the decision to print more money.... So before you blame former President Trump like you libtards do for anything and everything.... Just remember President Biden will only make the problem much much worse

  • Stew Pidasso
    Stew Pidasso

    The Central Bank needs to hide the Great Rest......The Plandemic will not cut it........they are holding it back as long as possible, but..... Nothing Can Stop What Is Coming

  • Floating Pointz
    Floating Pointz

    The biggest misperception of MMT, from people who can't read or listen, is around printing money. Zero MMT economists are saying you can print money with reckless abandon. Saying a government can't *default* on a loan based on their own currency doesn't also mean you can't potentially wreck the value of your own currency (depending on many specifics). MMT is very similar to Keynesian economics, which we have lived on for decades. I see a lot of lazy, straw-man arguments from monetarists or people that haven't read anything. It doesn't make for intelligent conversation....

  • Jhovany Corona
    Jhovany Corona

    You can pay completely for the welfare programs you promised people. You just have to stop producing the planes, bombs, and tanks that kill people around the world. That makes up as much spending as the whole welfare state.

  • Octavian Vasilescu
    Octavian Vasilescu

    This could mean that, if you have money in stocks, you might see huge gains on paper that will actually mean that you are conserving your value. If shares stay at the same value but there are more dollars, the price of these assets in dollars will rise. So basically if you hold cash you are screwed but if you have real estate or stocks or other assets you will be fine. I guess I am screwed...

  • Toma Kavonius
    Toma Kavonius

    I used to listen to Peter Schiff from 2005 onwards. He has been warning about an imminent hyperinflation over 15 years now. I read his book Crash proof, which came out in 2007 and it made a lot of sense, until I found out how money actually is created (Money creation in modern economy by Bank of England). Since most of the money supply is created by banks when they give out loans, Schiff's take on it is wrong. I found out that Prof. Steve Keen understands the debt aspect of money much better and he has actual empiric evidence of its effects on economy.

  • lombardo141
    lombardo141

    Anytime I hear the Congress say we are spending too much money I should show them this. 😂. No excuses

  • Ryan
    Ryan

    In the immortal words of Admiral Ackbar "it's a trap!"

  • Jason Harmon
    Jason Harmon

    The squeamish linda comprehensively harm because skirt latterly beg vice a unusual lemonade. terrific, perfect scissors

  • Chris Ledger
    Chris Ledger

    This would never happen in America because we aren't dependant on foreign goods. We will always have bread, milk and meat up until we become divided. We have oranges polar bears and alligators and rainforests and deserts and plains and mountains snow deserts. We will never fail unless we devide against each other.

  • ocelot.
    ocelot.

    Anyone find it concerning now with covid and stimulus money, how we reward people who don’t save with stimulus money, while f-king people who are responsible and saved money pre covid?

  • Abhilash Dixit
    Abhilash Dixit

    Aren't central banks (who print money) independent from the government

  • Douglas Rowland
    Douglas Rowland

    Because they are CONTROLLING THE NARRATIVE !

  • Vassil Topouzanov
    Vassil Topouzanov

    although i disagree with schifty on crypto, he is absolutely right in his criticism of modern monetary lala land. Economy should be based on sound money, backed by austrian economics and, i don't know, correlation between sound money and prosperity throughout history. We've been blinded by the education system and the fact that our reality is knowing only this poison pill of spending.........

  • Will Swanson
    Will Swanson

    Another counter argument is how production is measured. How services are measured, sure we have less people working but increasing production level due to efficiencies with tech and production.

  • Colby Hill
    Colby Hill

    Answer: the pandemic is basically a dam thats holding the inflation rn.

  • Hjuryfhuk Hjugdstjj
    Hjuryfhuk Hjugdstjj

    I JUST PAID $7.00 FOR A WATERMELON

  • Nikita Mysakov
    Nikita Mysakov

    BRRRRRRRT

  • Andy z
    Andy z

    What is left out of this video is the role of DEBT. The US is a debt based economy with extremely high amount of debt in the system- credit cards, corporate debt, car loans, housing, student debt, etc. In our debt based economy, the money that enters the system must outpace the amount of debt created. That is not happening. In fact the opposite is happening. ***Dollars get destroyed (deflation) when debt is payed down. The amount of dollars entering the system would have to be magnitudes larger than the debt serviced in order for inflation to even begin. That is why we don't see hyperinflation or inflation.

  • Chemist2013
    Chemist2013

    USD is the strongest weapon of US so don’t worry they will do everything to keep it out of inflation, otherwise it’s similar of a massive disarmament and golden path for Chinese supremacy.

  • Mattheus de koning
    Mattheus de koning

    Will this inflation also hit other countries, or mostly the US?

  • Thomas
    Thomas

    Can’t have hyperinflation when you just ‘won’ a controversial election, that would look bad. Don’t worry, it’s coming, just not right now.

  • Pyrrhic
    Pyrrhic

    A big reason why the Fed keeps expanding money supply is because of their retarded dual mandate. Their mandate of price stablity and full employment. Both contradictory and honestly, monetary policy doesn't impact jobs. It manipulates asset prices. So Congress needs to scrap that full employment mandate. But that would never happen, Congress (who is in charge of fiscal policy) should be the one task to support full employment.

  • Maykel Sach
    Maykel Sach

    So america is controlling people by just printing money that's why only american corps are getting richer than even than a whole country while every other country is with a slow economy. Soon other countries will retaliate and fuck the sanctions like Russia and china are not being happy about it usa controlling or trying to say who does something or what other country is allowed to do WWIII IS AROUND THE CORNER.

  • Flynn
    Flynn

    Although this video is just an ad it has made me very much afraid of the near future

  • Ho Lee Fuk
    Ho Lee Fuk

    20:40 wait if you're saying that everybody is gonna consume goods and services without producing anything where would the goods and services come from? The majority of Americans are still productive and helping to produce goods. I'm going to have to agree with MMT economists the gist of the Austrian School's argument is just "Gubment gon point gunz at me."

بعد