You're an idiot.

Damn this is so good!

Doubt many people gave a sh*t 8 years ago about this, given what interest rates were in 2015 and all. Funny how recent rising interest rates, as well as social media, have educated people so fast on this phenomenon. Banks and the market were pretty hush hush about it, too🤔 Of course, now that the cat's out of the bag and people realize they no longer have to settle for what banks call interest rates all the manipulators can do now is talk sideways about T-bills, the government, etc. When ironically enough they couldn't get on their knees fast enough for that same government in total bliss from 2008-2022😏

Does the guy who posted this video feel wrong now?

Jhony Jhony yes Grandma😂

LOL… Ponzi in secretary of Treasury under 46th president! We’ve never seen MMT the ‘Magic Money Tree’ (from academia) used in reality before.

This is excellent. The table at 3:57 explains it so clearly.

Investopedia is shit compared to how this video explains things clearly

Thanks, Mate!

Reminds me of the Ben Bernank video.

What a random conversation. This is what two ai bots would talk about

THANKS SAVES ME A CALL TO THE US TREASURY LOL

The grandma is Suze Orman hahah 🥰

Grandma sounds like a Keyensian socialist! Good video. The devil's advocation is helpful

high interest rates is a fiscal stimulus through higher interest payments

Listening to this script while at the precipice, knowing whats about to hit the treasury market, is peak irony. If youre reading this while trying to figure out wtf just happened to your pension, hang in there.

You guys are absolutely amazing thank you so much 😘😘😘😘😘😘😘😘😘😘😘

So the non competitive bidders always end up getting the highest rate of the competitive bidders? Why have a non competitive bidding?

great vid bro

Now, what if the amount of noncompetitive bids exceeds the total offering? Will that result in 0% coupon rate bonds being issued? 🤣

When you borrow money, you have to repay it. You can't keep having deficits and reveling in the short term economic stimulus you get from the extra spending that year without considering what taxes you will have to impose later to pay off the debt. If you print extra money instead of raising taxes to pay for the extra spending, you get rampant inflation like in the USA right now. The spending from debt isn't free. You either have to raise taxes later or print money later, and neither a good idea to be forced into because you thought extra stimulus was nice to have. Thats like spending money on a new car on your credit card without considering how you're gonna pay that back

helpful

2:00- 2:10 LMAOO "COMMUNIST"

Simply liberal horsesh*t

You're really good 👍

This is how we should always learn. Perfect job

WTF HAHAHAHA this was a pleasant surprise I was studying for a test lmao

Nice video but could you put references in the video description so it's gonna be much convenient for the people who wants to take a deeper look at the subject matter.

Super useful information I was not able to find anywhere else. Thank you.

OMG this video is hilarious. I had to watch this for my Finance class this semester. That little kid not only is super smart and way too excited to learn about Treasuries, but both him and the grandma have British accents and the kid has the voice of a 50-year-old man.

What school and/or professor is this? I’ve been watching MMT videos and listening to podcasts for years, never heard this man. Glad to see this space is really breaking into academia!

I want to learn this stuff but i'm immediately gone bc of the comptuer voice

Helpfull Video

nope he reduced it ...you can hate him for scandals and etc. BUT YES HE MADE A SURPLUS...and HE WAS A TRUE FISCAL CONSERVATIVE. BUT HE SHOULD NOT HAVE BAILED CHRISLER

We borrow $ from other Countries! We pay on that annually. If we default on our loan that would Not be good for the country or the world. We sell treasury bonds in exchange for securities.

The War didn’t help with Gov spending by any means! What happened to the 2.4 trillion dollars that went missing the day before 9-11 attack?

Kasich

Is this supposed to be Yellen?

We need a surplus to pay off debts. We are how many trillions of dollars in debt? You’re also not thinking about inflation. This isn’t a very well thought out opinion

People don’t understand politics and the American economy.

“doesn’t everyone johnny” 👁👄

“okay fine” KAKSKDKDKDKFKEKDKC

wait for 2008 and 2020

Liked the touch of humor.. “are the auctions communist then?” Lol. But you missed out riffing on the most important lessson, which is that USGov no longer needs to sell Treasuries since moving to floating exchange rates in the 1970’s, the Gov debt could be left alone as reserves + cash, let the FFR go to 0%, no need for T bonds, they are an anachronism, a total waste of human effort, those dealers should be doing something more useful for society.

Wouldn’t it be better for the government to have surplus for certain number of years so it can pay off all the debt then it can balance its budget?

So essentially your saying. Use USD and buy treasuries or USA will invade you? 🤷🏼‍♀️ I think I got it

I learnt a lot about treasury orktions in this video. Thank you

but grandma..

wtf this was so clear and entertaining

How they bypassed the congress law : in reality the US Govt can issue limitless amount of debt