Economists Radhika Desai and Michael Hudson explain the reality of inflation.Drawings and animations by Giandavide Locicero at Pomona PicturesPomona Pictures...
This is brilliant! So few people get that. Also, polititians love to claim than public investments lead to inflation because of increasing state “dept”. This has been disproven and you’ll hardly find a serious economist claiming it since it’s much more complex than that and depends on the kind of investment and political rules of course. But by claiming this, the public seems even more dependant on the extremely rich, because they are the only ones capable of investing (and thus earning). And it’s a great argument for cutting any kind of social service. I think biden is a positive exception at the moment when it comes to this principle, but here in germany it is disastrous what the government does (and especially doesn’t do) because of austerity that is proven to be harmful so many times just to keep up this lie about inflation and public dept that our children would have to pay back (bullshit!).
This is brilliant! So few people get that. Also, polititians love to claim than public investments lead to inflation because of increasing state “dept”. This has been disproven and you’ll hardly find a serious economist claiming it since it’s much more complex than that and depends on the kind of investment and political rules of course. But by claiming this, the public seems even more dependant on the extremely rich, because they are the only ones capable of investing (and thus earning). And it’s a great argument for cutting any kind of social service. I think biden is a positive exception at the moment when it comes to this principle, but here in germany it is disastrous what the government does (and especially doesn’t do) because of austerity that is proven to be harmful so many times just to keep up this lie about inflation and public dept that our children would have to pay back (bullshit!).