Money Can Not Run Out! #shorts

This #Short is a snippet from a previous full length video
"What is Money?""

#billionaire #wealthinequality #richgetricher #poorgetpoorer #assets #enoughisenough #assets #governmentdebt #moneyisatoken #whatismoney #700billion #inflation #costoflivingcrisis

[PowPowPeng]

Money is just a tool, but we think it's a resource. That's why some people try to hoard it. Absolutely correct Gary

[necaacen]

gary makes 2 points i think are so vital for society to understand, money cant run out and money is not a resource its how we allocate resources. an inability of the majority of people in society to really understand these 2 principals i think is central to our inability to make rational political decisions on national levels.

[elnitram]

The irony is that money kind of runs out if people hoard it.

[kennethmarshall]

Money is not wealth. It’s a legal system that we invented for exchanging and storing access to wealth. Wealth is people making the goods and delivering the services that we need and want.

[quantum.]

In many ways this reminds me of energy in physics (except for creation), energy cannot be created or destroyed only transferred.

[AlbertoGarcia-wdsc]

This is key. This is what the people from modern monetary theory try to explain in order to destroy the "there is no money" discourse.

Of course there are limits and not a single proponent of mmt wants to "print" endless money. The thing is to understand the real limits: raw materials, resources, infrastructure, workers and inflation. Inflation that also doesn't work the way the economic orthodoxy want us to believe

[mrt]

💰💰Money is Energy, and Energy doesn't run out, it just changes from one form to another. ♻️ As long as there are people, there will always be an abundance of money. It might not just be in your possession...yet.

That's the mindset people need to adopt. 🧠

[Scitzowicz]

It’s a great service you’re doing Gary - many thanx keep up the good work

[chocolatesugar]

I love this clip…my favourite. Thanks for the education 🙌🏾👏🏾🥰

[jpswims]

yes! thank you for saying this - once i realized this it made a huge difference so i hope more pple see this! completely true.

[dvidedmindz]

Man I wish I would have found you when I started to teach myself and learn more about finance. I saw your interview with Insider. Great great interview on the harsh reality of it all.

[zbqfrqr]

Money is like a gear box between wants and goods and services. Money is not finite but goods and services are. Hence inflation.

[stephenlewis]

You are kind of right but you also know in your heart from your degree that you're 100% wrong here. You're right that a country like the UK can't run out of money. If the government needs more money it doesn't have, then it can just print more, but the act of doing this results in devaluation of the currency and inflation and ultimately if taken to far the sort of crisis seen in Germany after ww1 or Zimbabwe where money is almost worthless paper vs physical assets.
So yes, a country like the UK can always print more £ to pay its debts but those £ become worth less and less vs say a $ and we as a country can reach a point where we can't pay our national debt if it's pegged or denominated in another ccy. If in any doubt, look at 1976 when the IMF had to bail out the UK

[chivebutter]

The government gave themselves as individuals, our money

[dulat]

I think Elon Musk said it best. Money is just a database of goods and services exchange, or economic value exchange for that matter. But fundamentally it’s just a database which means it can be easily manipulated

[lloyd]

People don't understand that the economy is a cycle. When that cycle slows or stops then there's a problem. If there's a blockage in the pipe and one area gets flooded that means another area must experience a drought.

[atul]

Yes technically money can be printed indefinitely but it’s value is tied to the real economy as money is used to pay for goods and services. Money’s value is there as long as people trust its value and the ability to use it to buy tangible items. Once that trust is gone then it ceases to have value. Also print too much and its value relative to the value of the goods you try to buy goes down.

[daxasd]

Money does not exist in a vacuum. It is tied to the underlying of the subsequent fraction of the economy where you can spend it.

[mrc]

It's quite nice to listen to Gary's thoughts. Thanks Gary.

[soothingmoments]

The healthiest way forr money to work is to make it circulate non stop.. Government looks at money as a cyclic item..and not as an absolute item.. They need to get tax to circulate it back to the people to make things run..