Marxism lecture 23: Das Kapital - Karl Marx: Ch 3

[@abdullahjan1930]

Great lecture

[@Mr00000111]

I derive great intellectual pleasure from your brilliant and profound lectures dear Dr. Rahman. Thank you very much!

[@Glumclam]

Thanks from 🇺🇸☮️

[@antoniomachado1808]

I'm really enjoying these lectures, once again thank you

[@lukethomeret-duran5273]

I would have never guessed one of my favourite lecturers would be a Pakistani marxist

[@Dorian_sapiens]

Does the Quantity Theory of Money imply that the hoarding of wealth causes a need for a greater supply of money? In the US where I live, certain kinds of people often attribute inflation to the fact that the government is constantly creating more money (and I don't know if this relationship is true), which they in turn attribute to the fact that the government spends "too much" money (and by making this part of their argument they reveal that their goal is to reduce social welfare spending by the government). But, if a lower velocity of money necessitates a greater supply of money, and hoarding money reduces its velocity, then might it be the case that inflation is caused not by spending but by hoarding (i.e., by NOT spending)?

[@TaimurRahman-English]

@@Dorian_sapiens 90% of money is created by private banks. Not by the gov. When a bank gives a loan, it creates money.

[@Dorian_sapiens]

@@TaimurRahman-English Aha, thank you for the correction.

[@anubhavlive]

@@TaimurRahman-English Doesn't a private bank pays the interest to the central bank for new money it created? Thus effectively deferring the function of creation of money to the central bank of the country (which the govt oversees and controls by increasing/decreasing the interest rate on that money?)

[@TaimurRahman-English]

@ it doesn’t

[@atwarwithdust]

Is KZbin trolling with all these ads?