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While purporting to be a documentary I have not seen many films that make more unsubstantiated claims all the while missing many basic economic concepts.
Using the unemployment rate as a measure of where the stock market should be trading is a complete misunderstanding of the dynamics that drive earnings per share growth over time.
the insanity of the US military having bases in 140 countries around the globe and spending $1 trillion a year to maintain them and continue to fight wars. As a
The stock market has bounced not due to money printing, rather EPS has risen nicely rebounded aided by productivity enhancements and cost-cutting initiatives. Ultimately, revenue growth is necessary and will come with re-hiring as the economy turns around. Unemployment has, and always will be, a lagging indicator.
"Small businesses are the heart of the American economy," he said during an event attended by small business leaders at the White House. "They're responsible for half of all private sector jobs and they created roughly 70 percent of all new jobs in the past decade."
They claim that if Americans were taxed 100% of their incomes, we would not be able to balance the budget. I have no idea where this claims comes from as our budget deficit is $1.6 trillion while US GDP over $14 trillion. Consumer spending is over $10 trillion of the US GDP all the while consumers are saving a portion of their income.
They make an absolutely insane claim that Chinese children are better educated because there is no unemployment insurance or food stamps in the country. I can't even start on this one.
Inflating an economy through central banking actions works to smooth out the pain over a longer period of time
Rather than allow for a deflationary spiral to take hold and a panicked run on the banks to crash the US economy into a depression,
The video alleges that the US government artificially manipulates inflation data based on hedonics, the attempt to measure changes in value.
So, should the government not measure this crucial factor? A computer that allows someone to accomplish tasks with 20% greater productivity should be equivalent to a computer that allows 80% greater on a price comparison basis? The upward moves in prices must be adjusted for the increases in value. Yes, an egg is an egg is an egg over time but a computer is far from the same fundamental product.
This is filled with a great deal of hyperbole and not much substance