As someone who is not informed on this and just is going by what is written in this thread, the videos seemed high quality and informative, and you saying “I got a degree” and refusing to engage because you don’t like YouTube is absolutely unhelpful and uninformative.
It seems like @rockSlayer@lemmy.world is right, based on the information available right here. If you really disagree and would like like to show otherwise, please do engage and provide more information, I find this interesting.
He didn’t say that it wouldn’t affect inflation. He didn’t say it’s value doesn’t go down by printing more. He simply said it’s possible to print an unlimited amount (I assume barring a shortage of paper or ink or labor), and that remains true.
On the other hand, he’s now apparently changed his mind. It would seem he did indeed mean to imply more than just his words.
neither of those governments had monetary sovereignty. Zimbabwe was also an exceedingly rare case of hyperinflation within a country using fiat currency.
Edit: please, engage with the source material. What about monetary sovereignty is incorrect?
Looks like you have a lot of reading to do. If only there were an easily digestible way to consume all of this information in a way that only had the relevant parts for our discussion.
Do just like to be an insufferable dickhead, or is this you being serious? Congrats, you learned what hyperbole means. Fiat currency is limited by the real economy. In the US, the real economy is trillions of dollars more than the federal budget. You’d know that if you watched those videos. The deficit is a myth, and the only real spending limit is the resources available to the government.
The German government in the early '20s engineered their hyperinflation as part of an attempt to demonstrate an inability to pay the ruinous war reparations demanded by the Versailles Treaty. It’s really not a good example of “natural” inflation.
People just don’t seem to understand the supply-and-demand aspect of inflation, which is what causes these braindead takes; nor do these YouTube videos bother explaining it.
I mean, when your worldview is challenged then you only have two options:
a) Concede, learn, move on
b) Stand your ground, no matter what
The former is hard, so people pick the latter. It’s that simple.
Also, there’s a form of comfort to be found in burying your head in the sand and pretending that simple solutions exist to complex problems. It requires less critical thinking and gives you hope that someday, somebody will say they’ve ‘had enough’ and solve problems like world hunger or poverty in one fell swoop. It’s a lot more difficult to admit that, in reality, money is inherently worthless and the labor and resources that give it value are usually finite quantities.
Well, that or they just think economic problems are super easy to fix because their only source is a poorly-sourced YouTube video.
At best, they’re a tertiary source consistimg of a bunch of condensed summaries of other sources
More often they’re cherrypicked by content creators to build a narrative for entertainment
And like, in this context (Lemmy comment debate) you’re asking people to watch a bunch of videos with ads and debunk the points inside. Maybe thats not too much to ask in other contexts, but you must know nobody arguing with you here is going to spend their time doing that
I could link to a bunch of flat earth videos as sources, and although they would be easily debunked, nobody here is gonna sit through them and follow up the specific claims they make
The Second Thought video is indeed a tertiary source, but the 1Dime videos has all sources in the comments. I understand that people don’t “like” it as a source, but that doesn’t invalidate them either. They are essentially longer form content explaining what I said in greater detail. If someone came in and said inflation was due to the flat earth, then we can dismiss those claims. Any “sources” would not be backed by economic or scientific theory. This doesn’t change based on the format of the source.
This is an internet comment section. You need to chill about youtube videos as sources. It almost comes off as snobbish. No one here is under any obligation to do anything for each other. If you wanna ignore a long video someone posted because you don’t want to sit through it, fine. You are allowed to do that.
The existence of flat earth videos doesn’t invalidate the entire concept of information in videos.
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I have sources to back up this claim. Where are yours?
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As someone who is not informed on this and just is going by what is written in this thread, the videos seemed high quality and informative, and you saying “I got a degree” and refusing to engage because you don’t like YouTube is absolutely unhelpful and uninformative.
It seems like @rockSlayer@lemmy.world is right, based on the information available right here. If you really disagree and would like like to show otherwise, please do engage and provide more information, I find this interesting.
The economics major has a point actually, but it’s nowhere near as interesting or important a point as they think.
Actually it just seems like the economics major is rude and doesn’t know what hyperbole is.
That’s literally what he did in the first comment you replied to.
He posted the sources to back up his point because you were disputing it, and then you said “you don’t have a point!” Ridiculous.
Classic economics major, though.
Yep. “I know better, so just shut up!”
He’ll make a typical politician one day.
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He didn’t say that it wouldn’t affect inflation. He didn’t say it’s value doesn’t go down by printing more. He simply said it’s possible to print an unlimited amount (I assume barring a shortage of paper or ink or labor), and that remains true.
On the other hand, he’s now apparently changed his mind. It would seem he did indeed mean to imply more than just his words.
“infinite” is hyperbole. In this context, it means “more than enough”.
It should be obvious, “infinite” can never apply to real world situations like this.
neither of those governments had monetary sovereignty. Zimbabwe was also an exceedingly rare case of hyperinflation within a country using fiat currency.
Edit: please, engage with the source material. What about monetary sovereignty is incorrect?
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Fine, let me grab you some of the sources used in one of these highly researched videos.
Books:
Articles:
Looks like you have a lot of reading to do. If only there were an easily digestible way to consume all of this information in a way that only had the relevant parts for our discussion.
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Do just like to be an insufferable dickhead, or is this you being serious? Congrats, you learned what hyperbole means. Fiat currency is limited by the real economy. In the US, the real economy is trillions of dollars more than the federal budget. You’d know that if you watched those videos. The deficit is a myth, and the only real spending limit is the resources available to the government.
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The German government in the early '20s engineered their hyperinflation as part of an attempt to demonstrate an inability to pay the ruinous war reparations demanded by the Versailles Treaty. It’s really not a good example of “natural” inflation.
People just don’t seem to understand the supply-and-demand aspect of inflation, which is what causes these braindead takes; nor do these YouTube videos bother explaining it.
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I mean, when your worldview is challenged then you only have two options:
a) Concede, learn, move on
b) Stand your ground, no matter what
The former is hard, so people pick the latter. It’s that simple.
Also, there’s a form of comfort to be found in burying your head in the sand and pretending that simple solutions exist to complex problems. It requires less critical thinking and gives you hope that someday, somebody will say they’ve ‘had enough’ and solve problems like world hunger or poverty in one fell swoop. It’s a lot more difficult to admit that, in reality, money is inherently worthless and the labor and resources that give it value are usually finite quantities.
Well, that or they just think economic problems are super easy to fix because their only source is a poorly-sourced YouTube video.
Can we please not have YouTube videos be sources
At best, they’re a tertiary source consistimg of a bunch of condensed summaries of other sources
More often they’re cherrypicked by content creators to build a narrative for entertainment
And like, in this context (Lemmy comment debate) you’re asking people to watch a bunch of videos with ads and debunk the points inside. Maybe thats not too much to ask in other contexts, but you must know nobody arguing with you here is going to spend their time doing that
I could link to a bunch of flat earth videos as sources, and although they would be easily debunked, nobody here is gonna sit through them and follow up the specific claims they make
The Second Thought video is indeed a tertiary source, but the 1Dime videos has all sources in the comments. I understand that people don’t “like” it as a source, but that doesn’t invalidate them either. They are essentially longer form content explaining what I said in greater detail. If someone came in and said inflation was due to the flat earth, then we can dismiss those claims. Any “sources” would not be backed by economic or scientific theory. This doesn’t change based on the format of the source.
This is an internet comment section. You need to chill about youtube videos as sources. It almost comes off as snobbish. No one here is under any obligation to do anything for each other. If you wanna ignore a long video someone posted because you don’t want to sit through it, fine. You are allowed to do that.
The existence of flat earth videos doesn’t invalidate the entire concept of information in videos.
Get an ad blocker or use piped or something.