The first writing was about money? Apparently not…. It was more likely about how human beings came to be. If he got that wrong what else? China is all fake frontages. It’s not doing well at all. It’s a disaster.

Tally sticks have been known about in the history of money for a very long time. How is this an alternative? No barter systems? Go to a rural valley. Locals barter goods. Naturally. He just said where money came from , as an example , was when a crime was committed, cattle etc. was used to barter for forgiveness. There you go you just said that the origin of money wasn’t battering and then you proved that it was.. This is exactly what happens in Papua New Guinea. If a person is killed, a certain amount of pigs must be paid to honor the debt of transgressing Cultural law. bartering is used to pay for cultural debt. Authority is obviously always involved with things like cultural debt because you were dealing with tribal groups. Tribal groups like horses and other pack animals have leaders that’s the authority so of course, someone’s gotta be held accountable to repay the debt or crime. But that’s bartering.

Tally sticks have been know about in the history of money for a very long time. How is this an alternative? No barter systems? Go to a rural valley. Locals barter goods. Naturally.

Absolutely epic! I'm hitting replay immediately! 🔄 🍆🍆🍆💦💦💦

we know it's ✡

There once was a RELIGIOUS STUDIES hour, on PBS TV, at night. Whatever happened, to that show?

1:32:00 “In the innermost hearts of a lot of people, particularly working class people who have seen their prospects decline, there is a sense that they are stealing their country away from me and that kind of thing, but that is not the official policy. And the only thing that would change the official policy would be if these disgruntled people somehow took power and I don’t see signs of it in the near future” Fast forward to the 2024 European elections and maybe those 'disgruntled people' are starting to become a political force

Intelectually dishonest!

“The sincere Christian knows that what died in Auschwitz was not the Jewish people but Christianity.” -Wiesel

DEnial the competator to intuition. I lent my criminal brother $ 7,000.00 for 30 days in 2017 as he went through his divorce and would cash his $ 25,000.00 investment to pay me back. Denial kicked in because he had alreaddy stole $ 200,00. from our dying parents and lied all the time. But, my new saying is that when our need is greater than our need for the truth then reality will soon appear. My need in my old age to have a relationship with my brorther motivated me to over ride reality and my screaming intuition as he flailed his arms to my doubt. CAUTION : When woman have a NEED to " BE NICE " then criminals can push them into denial and rape or murder.

I am surprised to hear the lecturer's conclusion that the euro has been a disaster. In terms of increasing trade across the European Union, it is measurably a success. In terms of restricting the "spendy" countries' ability to just spend, it's been successful. In terms of allowing the European Union to adopt common debt and work together to resolve crisis like COVID, it's been a success. I would be curious to hear the lecturer's refreshed opinion on this today.

MMT and fractional/no reserve banking is a scam.

At 50.33 he says money is debt and bitcoin can't be money. He should explain why when making this statement. Money doesn't have to be debt. MMTers want ultimate power to be within government....Hard money proponents want individuals empowered.....and both systems are based on a monetary system which is used as a system of value exchange. So you just ask yourself if you want top down control or bottom up control. There are pros and cons of each, but it seems top down authoritative control is most dangerous...as it attracts power hungry narcissists that wield this power for personal benefit (more large scale wars but less small skirmishes) The force to help prevent this is power to individuals (less world war...but maybe more small wars). Not an easy clearcut solution either way.

Anacdotal

Childish.

"age and race don't matter, anything someone can't help doesn't matter" Um, yes it does. And being male clearly is a factor as well. Statistically black men are more likely to rob you than Asian men. We need to start having discussions about uncomfortable topics.

MMT is dOA. Think Russia China and India are going accept your dollars if you print like that? Guess again. They are already de- dollarizinng

Its hard to believe someone would pay to listen to this guy. Yikes.

What a stuffed shirt..those who can do. Those who can't. Teach.

What a bunch of BS. I'd like to see this guy debate an economist like Steve Hanke.

Only crackpots in Europe think that the Euro was a disaster. The loss of sovereignty inherent in a common currency is not the deal breaker that it is often presented as. All countries are interdependent, but particularly those in the European family of nations. The Euro enjoys enormous support amongst European citizens that use it and the ECB are as competent as any other central bank in its impact on the economy.

Exquisite lecture! I appreciate this being available publicly!

Joe Biden tried some MMT and the average American is poorer. Can we please stop having the flat earth debate!

Mohammed azam mubarak

Bank of England was created in 1695 under William III to raise funds for his wars, not “some George”. I am skeptical of the default story. Wray says that tally sticks were used until 1919? And later says they were all burned in 184? If money is government debt, why were coins usually issued with intrinsic value (slightly) below their nominal value? In what sense are these coins debt? My understanding is that Yap islander’s stone wheels were stores of value not mediums of exchange. His tale about travelling to another island to create the wheels and losing some when canoes tipped over and the sunken stones retaining their value seems far fetched. Some extant stone wheels are far too big to transport 200 miles on canoes. It would be interesting to see a convincing source for the story. Cigarettes were famously used as money in WW2 POW campus in Germany. There was no sovereign to create or regulate it. It arose spontaneously and by common agreement. Script (locally agreed mediums of exchange, I.e. just printed pieces of paper) have been used when currency was scarce. Again spontaneous and not imposed by a sovereign. My impression is that Prof Wray is distorting history, cherry picking parts of it or just making things up to support his thesis.

Nice Event And Congratulations 🎊 to All students

MMT: "When the government counterfeits money, it's not counterfeiting."

TL;DW Debt doesn't matter because the government can print new money to fund its obligations.

He knows he is saving lives

Alright then if what makes a currency have value is the taxes the government issuer makes then why does bitcoin have value? There was no government that required to pay taxes in bitcoin. Right now El Salvador has bitcoin as legal tender so you can use it to pay taxes in there but that was not true just few years ago.

I love Gavin, but I disagree with him in relation to dogs not knowing some people are bad. Dogs absolutely do pick up on bad people.

To see how far the Ruling Class, and it's factotums in the FIRE sector, have succeeded in destroying the cognitive powers of the Working Class, just read some of the comments below!!!!

Wild that people take this guy seriously and he makes a living spouting this nonsense

33:42

Dismantle the Sex Offender Register Past Present Future

Dismantle the Mental Health Act Past Present Future

It’s also unconstitutional for a state to punish someone for a case that was completed in another state . Florida places people on the registry even if they have completed the requirements in the state in which their case was completed . How can additional punishment be added to someone who has completed their punishment in the state in which the judge had already ordered their punishment ? How can any state punish anyone for a case that wasn’t decided in their state or presided over by a court/ judge in that state ? This needs to end !

What a wonderful program

Great conference.

WE NEED A SEPARATION OF MONEY AND STATE

kzbin.info/www/bejne/l3eqdH6thbN7aqs

Banks create the money through "productive loans." Goods and Services are created with that money. It keeps inflation in check because that money is created with value created and destroyed as it is payed back. The government creates money by printing it. No value added...they get to control the money not us citizens. It's a usurpation of power that belongs to us!!! WAKE UP!!!! THEY ALWAYS WANT MORE POWER AND NOTHING IS MORE POWERFUL AND OPIATE-LIKE THAN A MONEY PRINTING PRESS!!! THEY COUNTERFEIT OUR COLLECTIVE MONEY FOR THEIR OWN PURPOSES.

After all the inflation the last few years I hope that would be the end of MMT but it's JUST THE BEGINNING.

Time will tell Mr. Wray, but I think the government spending MMT advocates for will bring some bad times

I think this dude today is frustrating seeing his bills and groceries skyrocket. Yes, MMT works, but not for you

❤😊congratulations to all the graduates.

Also to fraudulently misappropriate funds from the government by keeping people fear mongered with false data and the politicians trying to appease people afraid of the falsehood propaganda but who is going to dismantle Lucifer's distortions against SO'S nobody?

So much distorted and perverted data and justice to people that have to keep the stigma for life by a perverted system wanting to punish certain people for life with a shaming ball and chain and harassment by the misinformed.

kzbin.info/www/bejne/sJi1n2V6oJVnrbssi=HqdzKsnvsqhsxywJ

This performance brought back a lot of memories of being in All-City High School Chorus and Concert Choir with Dr. John L. Motley. Rest in Power. You are certainly missed!