A fifteen year old outshines 99% of Ph.D’s in economics.
I’m not big on videos, but if that is how you prefer to learn, please watch it, then share it. He has literally isolated the entirety of our economic and following political problems.
I posted some time ago on the social costs of the Federal Reserve/Fractional reserve banking system. They include virtually every source of suffering extant in our nation today, including poverty, unemployment, racism, unaffordable healthcare, and the national debt.
My own solution is a bit bolder than just going back to something we had before, but getting just this knowledge out generally will change our political landscape, and hopefully get the bastards in New York at some point under control. There is a thin line between being a dreamer and being stupid. In this case, he has proposed nothing but a return to the latter half of the nineteenth century, in which the value of our labor rose steadily. This is demonstrable, empirical fact.
Virtually every economic idea has been tried at some point. The only one that works every time is free markets and sound currency.
The only one that in my understanding has never been tried is 100% reserve banking. I have no desire to abolish banking in the form of actual capital accumulation and the charging of interest. I have a desire to abolish banks risking MY money for their own profit, particularly when they also ask me for MORE money when they lose it. Our system is nuts.