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"HEY STEF! DEFICITS ARE GOOD FOR THE ECONOMY!"
MMT SHOWDOWN!
Two economic experts take on arch-Austrian Stefan Molyneux and attempt to convince him that Federal Government deficits are FABULOUS for the economy!
Dylan Moore and Nima Mahjour are long time listeners and Modern Money Theory (MMT) proponents. You can find their content at www.economicsjunkie.com.
MMT is an economic theory which suggests that our grandchildren will NOT have anything to pay back from Federal spending, that central banks do not control money supplies, and that a certain level of deficit is necessary for economic growth, among other things.
For further information, please visit:
https://economicsjunkie.com/
https://www.youtube.com/user/CrazyVysty
https://tomwoods.com/ep-1116-debate-bob-murphy-and-dylan-moore-on-modern-monetary-theory-mmt/
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Stefan Molyneux looks at the ethical issues around "necessary evils" by drawing on real-world examples. He asks if unethical steps can ever be justified in dire cases, such as to save a life. He critiques how AI shapes media stories, digs into property rights during crises, and raises questions about whether someone might steal medicine to help a dying family member. Molyneux points out that weakening property rights discourages new developments and brings unseen wider harms. He pushes for considering ethical problems in their full context and stresses the role of individual accountability and group support in dealing with underlying poverty.
0:00:00 Necessary Evils Explored
0:03:16 The Ethics of Emergencies
0:06:05 Consequences of Stealing Medicine
0:08:56 IQ Tests and Economic Understanding
0:11:39 Genetic Differences and Intelligence
0:20:31 The Cycle of Poverty
0:27:28 The Role of Charity in Society
0:32:15 Consent and Morality
0:38:33 Understanding Property Rights
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Stefan Molyneux examines Bitcoin's price swings and how ETFs can provide stability for wary investors, while noting his own indifference to daily fluctuations. He addresses fraud within certain communities, focusing on a documentary about daycare practices in Minnesota, and criticizes the government's varying responses across demographics.
He contrasts the unpredictable plots in Asian cinema with Hollywood's more formulaic approach, exploring how cultural expectations influence artistic choices. Turning to works like The Great Gatsby and 1984, he considers ideological effects on literature and the links between storytelling and ethics. He ends with a discussion on narrative predictability and societal influences on creativity.
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If you are not already a supporter checkout everything you are missing out on in the Preview Article.