David McWilliams Podcast

pays who to do what gigs, wtf are you talking about?

oh ffs! again, hes right, the only way out of our current situation is in fact creating more new money, but to not do what we have been doing with newly created money, i.e. not using it to (re)inflate pre existing asset prices, but to use it to create new assets, and to use already known methods such as sovereign wealth funds, to try make sure that the new wealth created by such, is better distributed!

...once again! our current inflationary pressures have virtually nothing to do with our money supplies, but are more related to supply and energy shocks, all businesses are currently experiencing a rapid rise in their energy costs, some as much as 4-5 times normal rates, theres your inflation!

again, yes, government bonds could be used to help create these new assets, and then by using sovereign wealth funds, this would in turn help us to provide ourselves with our needs....

All his guests get paid gigs from him. Whether it be the podcast that he pays them for or one of his cult like "festivals" which are the worlds largest echo chambers

Hahaha

There is no talking to you!

I listen this as a comedy to see what this joker is teaching the plebs

You were probably infatuated by Davies takeaways from Spain....reading facts off google

Some of the worst segways ever in this show. It is comically bad

why are you listening, seriously? why would a person do so, lifes truly too short spending your time on things you have no interest in!

what? do you actually listen to what hes says at all?? he regularly says, along with many other respected sources, that the government should borrow to help provide us with our most critical of needs, i.e. property, major infrastructure, including energy infrastructure etc etc, and also to utilise the use of sovereign wealth funds, in order to share the wealth created from such investments. he, along with others, believe that a proportion of corporate tax revenue should be accepted as stocks and shares, and these holdings also held in such wealth funds. stocks markets are well known to give good returns over a long period, yes its a gamble, but all investments are, a significant amount of wealth is simply extracted from such investments, but is not very well shared amongst the general population, but by using such investment funds, this could be rectified.... many respected sources have confirmed that this would work very well in doing so....

hahaha, wtf are you talking about?

the state should borrow in order to help provide us with our most critical of needs, and to place these newly created state assets in sovereign wealth funds, to help provide us with our future needs, and to help spread this wealth more evenly, and the fact that all of this can be currently done at 2.5% fixed to......

talking about pussy footing about......

would those peers be largely neoclassically based?

...again many of his peers think this would work, and it certainly makes a lot of sense, as its clearly obvious, large corporations have little or no interest in spreading this wealth globally, if we maintain this approach, its very likely we ll eventually have complete social and economic collapse, as wealth inequality will simply be too much to maintain any level of functionality in both...

i know mark blyth, eric lonergan, stephen kinsella etc, have mentioned simiarlish ideas, all of which are good mates of mcwilliams, each well respected in their own right, and as far as im aware, they have also backed mcwilliams in his idea of share ownership

share holders can do all the revolting they like, if such an idea was indeed enforced, theyd have no choice but to do so, as they are in regards the oecd agreement in regards overall corporate profit tax rates, baring in mind, regions such as germany also enforce other corporate rules such as mandatory employee board membership, which should also be enforced here to, for obvious reasons, so rules can actually be changed!

...the last i heard, no corporation has decided to leave ireland, due to this rise in tax rates, i suspect they probably also wouldnt do so, if a small amount of these revenues were also accepted as stocks and shares

i know blyth has mentioned an idea of swopping equity for bonds also, particularly in times of economic downturns, i.e. right now, i.e. when corporations come looking for sovereign bonds, tell them yup, but we ll take them as shares, and thank you very much, hes right to!

again, mcwilliams and co. also know, neoclassical economics keeps overly simplifying markets down to their usual supply and demand nonsense, and keep conveniently excluding reality in the mean time, i.e. critical aspects such as the overall money supply, in particular the private sector money supply, i.e. the credit supply, and how it interacts with these markets, in particular in regards pricing, hence why he and others foreseen the 08 crash, i.e. neoclassical economics still has an absolute refusal to accept, increasing credit into markets, causes prices to rise!

again, stock markets are known to give a very good rate of return over long periods, again, this is agreed by commentators such as blyth and lonergan etc, as it can be clearly seen, if theres no interventions now, more and more simply wont be able to provide themselves with some of their most critical of needs, property, health care etc etc, we ve tried the whole free market thing, it hasnt worked! we clearly need state interventions, and quickly, such approaches could very well work, as this is a method how smaller more wealthier entities in society accumulate wealth, yes it is indeed increased state risk, but by not trying such risky approaches, we re clearly going to end up in deep sh1t!

the free market libertarian's had their chance, and it hasnt worked, it has resulted in a rapid rise in wealth inequality, and more and more, simply unable to meet their most critical of needs, its over!

oh and they dont give these lads professorships for nothing!

I guess this is why they call it the dismal science.

Wow simply wow

Please tell me you don't have any education in economics

My work is done...neoclassical economics from someone who doesnt understand what economics is

the type of investments mcwilliams was referring to are in the private domain by using credit from private sector financial institutions, these type of investments are based upon certain preferred conditions, such as continual rising prices, and relatively stable, low interest rates, but with rates slowly rising now, this now throws the whole property investment approach completely up in the air, this could get very hairy....

yes, he and others were advocating for governments to do such during the pandemic, and they were right, as interest rates were at record low levels, some at negative rates, baring in mind, some of these rates were at fixed rates, i.e. if our governments acted on this during covid, rates would have remained unaffected, due to the fixed terms...

.....as above.....

tis baring in the wrold of dysliexia!

If you think nuclear energy is the solution for Ireland, you'd be living in lala land. Makes zero sense in this country.

I'm pro nuclear but anti Ireland building nuclear. Money better invested elsewhere. Just for clarity.

A massive power plant run by a private company or the state makes no sense. We're just too small.

SMRs are interesting and may suit Ireland. I wouldn't have a strong opinion either way on them but I'd agree they should be state run.

I'm not anti nuclear. Countries like France, the USA, the UK which have a much bigger energy market should invest in nuclear imo. I think we should buy off these countries instead of building our own.

SMR's may change the game for a country like Ireland but I think we are better placed to invest in wind, solar, and hydro.