Bobby. wrote on Oct 23
rd, 2026 at 4:19pm:
TGD never watched the video but criticised it anyway.
What is the point of arguing with such a dickwad?
I already pointed out the title tells the video is merely delusional mainstream nonsense about govt. debt - the title says it all.
Fact: a c-i govt, by definition, is constrained by the ability to purchase resources, and goods and services, not money - which a c-i can create out of thin air, unlike you and me....
The real issue for c-i govts. is not money but inflation control, via balancing demand for goods and servces with supply.
Meanwhile, Bobby wants govt. to reduce spending, ignoring the evidence of what happens when govt spending fails to deliver essential services for low income groups.
...while ignoring corrections (by AI) of his ideological nonsense ... eg "RBA funny-money printing causes inflation"- refuted by AI.