We're Living In A 'Deflationary World' Despite Appearance Of Abundance, Says CEO Dan Arbess | CNBC 

This guy is demonstrating a lot of refrain in dealing with those actors antagonistic questions.

Why are show hosts so stupid? Do they just... Not even research this stuff? They aren't even educated on the things they preach policy on day and night. This guy is pointing out relatively simple ideas and they're like "whaaaa?? So let's get full unemployment"

you guys need to stop interrupting the guest when they're explaining a thought. Let them explain a full thought before cutting them off to another direction.

70% of the workforce in America is in debt up to their eyeballs........ hello journalists at CNBC...........

The unemployment may be low but all the jobs are low paying jobs. There is a big gap between the classes now. You arw either upper/upper middle or you are barely manking it. Our wages can't satisfied the market unless you go in debt. Most people can't create wealth. Small/medium bussiness are almost none existent. The market is not competitive enough. I really do not know where this is going but it does not look pretty. It is a mess. It looks to me that we are going to hit the reset bottom sometime soon and that is why big companies are trying to mass as much power as posible.

Something useful on a mainstream news site, keep it up.

Even though they won't have Peter Schiff on CNBC, these guy is channeling everything Peter is saying right now, though calmly.

Average US income stats are over-inflated too. After all the taxes, the real average US income is much lower.

lmao. 2020. He was right all along.

Resources and land are dwindling while manufactured goods explode. In 1918 things were very expensive and land was cheap, now we're suffocating under a giant pile of cheap manufactured goods and the planet isn't getting any bigger. In the future, I am sure that we will have electronic internet connnected teaspoons to stir our coffee for us, but there might not be enough food for our yet larger population.

I think people misunderstand what's going on. People (and governments) borrow in order to 'turn a profit' (societies can show net positives externalities, companies only first order profit), or for consumption. They then borrow dollars. That debt becomes an asset to the person who used to have the dollars (including, potentially, the Fed). People then work, and profits are made. Now, in any extended trading game, you will eventually get an imbalance towards the top. So what happens is that 'the rich' eventually have all the money AND own all the debt paper. The reason they don't hire is because there's literally nothing the worker has that 'the rich' wants. Every turn of the wheel, the wealth goes upwards. We need a proper tax rate. The rich will continue to seek first order profits regardless. Governments can spend (into the middle class) on things that generate positive externalities. Once the new (spent) money gets into the economy, people economical scramble for it again as it trickles upwards from the worker to the capital-owner. And then back down again.

Joe isn't that bright so he grabs a question interrupts the guest. At least he has learned to comb his hair he doesn't listen to the guest and just wants to say something so he can put up some smoke to protect his job

4:13. This is where Dan's speech goes awry. Demand is virtually infinite. What he means to say, but fails to conceptually understand, is that the picture of so-called "full employment" is limited by a dearth of savings and productivity. Realized demand, of course, is everywhere limited by the quantity of supply, and the supply of capital is then precisely responsible for productive employment. The cause of this dearth of savings and lackluster productivity can be traced back to the expansion of the size, scope and spending of government, the heightened growth of the money supply and artificial suppression of interest rates, the moral hazards introduced to incentivize or outright subsidize reckless speculation, malinvestment and non-work, and the consequent rapid transformation of the average American's attitude about saving, spending and investment.

Mr. Arbess will never be on this program ever again! To much Truth!

us 10 years treasury yield keeps going up. because QE is not buying it anymore. while china and japan keeps selling their us bond. well us just need endless QE, simple solution. the fed can keep printing dollar forever and live in wonderland.

Jeff Booth's Price of Tomorrow is a good read on this topic.

Time to tax the rich and reduce military spending drastically and then spend it on seniors, and Medicare and Infrastructure 😃😃😃😃

And I am a deflationary girl.

Also. UBI. that is all. Let robots and ai do as much work as possible. Split the productivity gains in dollars throughout the population. Let average Joe go fishing every day if he wants to. He uses his UBI to buy fishing tackle, gas for his boat from the local tackle shop. That bait shop owner makes whatever he can in profit, but if he falls short he has his own UBI to fall back on.

Maybe a "deflationationary scenario", but prices rise every year at 5% (for as long as I can remember), which means INFLATION is out of control, but you just don't report it, you RATIONALIZE it.

go deflation! i wanna buy a new car

If you want any of this to change, vote for Andrew Yang!

It's trillion dollars card monety here's the debt there's the debt where's the debt look there is no debt problem.

This guy was a prophet lmao

That’s why I’m investing in bitcoin. And I think most millennials are doing the same.

Can we subtract the News Anchors'?

Capitalism is an unstable system! The depression of 2008 has never been repaired just papered over. The fundamental flaw in capitalism is constant growth on a finite planet! It defines a basic maths and logic !

What he's trying to say, the bane, the terror of banksters is deflation. Oh happy days!

The economy is ALWAYS bad if you watch business TV....look at the man on the street. That's it.

-The poor and middle class buy Liabilities (aka takes money out of your pocket) such as car loans, rent/mortgage payments, other comsumer debt. No assets. Typically, work a 9 to 5 J.O.B trading limited time for money caught in the vicious cycle inside the Rat race. Aka wage slave -The aspiring poor/middle class, wealthy/rich buy or create Assets-(aka puts money into your pocket) such as buying investments like income producing Real estate which can be single family homes, multi-family apartments, storage units, retail, office, etc...or start or buy a business like a franchise etc. Typically, don't trade time for dollars but by putting dollars to work inside an investment which in return is going to pay them whether they are there or not (mailbox money aka passive income) & set them free from the Rat race

GET HIM OFF THE AIR. HE'S TELLING THE TRUTH!

Yang 2020 he is the only candidate talking about the coming automation transformation. Better than “my turn” Biden or the mad 😡 orange floater.

When did this interview take place? Same day it was uploaded? Please include this info in your videos @cnbc

Its obvious that Dan Arbess isn't comfortable talking without the Crystal Ball in front of him.... look at his hands.... there's an imaginary sphere in front of and he keeps stroking it....

Of course the panel is clueless,NBC:(

This guy is basically the precursor to Andrew Yang. Both identified the same problem with the future of jobs. Andrew Yangs solution involves a UBI based on taxing the profit that tech companies have made off of consumers (without their knowledge via privacy data). This guy doesn’t provide a specific solution, but clearly identifies the problem is with jobs and as a by-product, education as well. In my personal opinion, if you invest heavily in education, its good for the economy. We tend to think 2yrs ahead rather than 20yrs ahead.

They no longer count people who stopped looking for a job. Everyone is employed. When Bernie gets in I’m closing my buisness. It is much more profitable to be on welfare. When food, housing, healthcare and education are payed for there is no reason to work. I can’t wait. Have a black market trade going on for any extras.

Soooo why is it bad for me when things cost less? You can hire bunch of people to dig a hole and then hire bunch of people to fill it like the government did with the super collider. It's productivity that matters not jobs. Also people WANT to work in in-demand field. They will train themselves. Government doesn't need to TRAIN people for it. That's a messed up way of thinking.

He was trying to say treasury bonds will be impacted by crypto currency. Just look what crypto exchanges have been doing lately; they are creating crypto Index funds!!! Yeeez... how is that going to impact treasury bonds ? :) Dip in crypto currency market we see these days might be the best investment opportunity of our life.

Let's go back to Econ101: if you want a capitalist economy to flourish, you need to balance the Supply side and Demand side. Right now D side has no purshasing power.

Son of a birch first ....the dumb blond interrupted him then the male hack. ask a question and let the guy finish. It's not about you. it's about your audience... Idiocy and nepotism will destroy this country. Keep hiring based on "me lo" rather then intellect.

Hey man if u wanna focus on employment focus on providing better education for the children of America. As for robotics taking over labor market well...this just proves that we need more people to be educated in IT since we’re obviously progressing thru this tech era.

Lets just cut to the chase. Until we get a solid working version of "Jobs" then it all pointless and this current system will continue to go away. A way to fix this temporarily would be to institute the Basic Universal income approach and refill our consumers. This will naturally allow our people to relearn or adjust to the new Automation losses. Across the board they need to implement something to keep our 60+% of the non working force to retool and adjust to the loss of jobs being taken by automation. This would instantly fix the pool of resources of our economy. We must then work on the education system! A better schooling system that uses the cable system can be used here. This way it would be easier to adjust as new technologies or adjustments to our current theories change or evolve. Science now is advancing so much that it would be hard to keep current to the changes we learn everyday. Science such as plasma physics have opened our eyes to the real workings of this Universe. We need to evolve ourselves to a point that life supports life at it's basic level. Never letting even one point fall below the surface. If you guarantee a basic level of living life will have a higher chance at becoming productive. There will always be a need for cash. We just need to prioritize life over cash, wherever it may be on this world or any. We are a part of the life of this planet. Our planet is a part of the solar system we reside in. And we travel the galactic disk in an arm that sweeps around the core of that Galaxy. We must as a society adjust to automation and guaranteeing everyone who is alive to have a bare minimum existence of life. Welcome aboard and find your passion. Work it and become a part of life. Do we adjust or just eat each other as we climb the ladder of Greed?

Dan's analysis is actually limited. His concept of the private market is limited to the corporate holdings and what it can produce. Entirely absent is adherence to Constitutional mandates to provide a free enterprise system where individuals have the means to save, create businesses, and manufacture for themselves. Dan's analysis is a closed system. It guarantees locked out workers, lower participation from the work-force, high government deficits, and a declining middle class. Dan's analysis contains all the functions that has led to the current malfunctions. Which proves the historical realities of socialism (which Dan actually implements), that a well intentioned small cluster of intelligent people can design an entire global market place that works for all the variability of people.

There is no national debt problem a country with its own sovereign currency can't go bankrupt if it could Japan would have went bankrupt long ago. The problem is private debt because of high credit card debt, mortgage, and student loans causing deflation. The problem is also income inequality and automation. The solution is more government spending to increase aggregate demand, investments in education and infrastructure, and cancellation of private debt.

With robots occupying workplace who will purchase goods as humans have 0 buying power with 0 employment.

The title is stupid. Abundance leads to deflation. If you now have a machine that produces food; food becomes less expensive = deflation of food prices.

The problem with the high amount of debt is the growing size of the interest payments and the vulnerability of the economy if lenders decide to no longer lend to us. The recent tax cuts could prove disastrous. What we need to do is raise taxes for the wealthy to get debt under control, while focusing on clean technology development (advanced nuclear) that can meet the decarbonization rate needed to mitigate climate risk, an existential threat to civilization. If we succeed with energy development, the economic issues should be far easier to solve. Poverty could be virtually eliminated this century.

low skilled high employment, working with your hands, more tent cities with toilet facilities so homeless can clean up for low paying jobs, solve the homeless problem first and the more skilled workers will follow, push up from the bottom.

Inflation does not go up because more people are working. Inflation goes up with money printing. So either the banks or the government are borrowing/printing money.

Only thing he could come up with was jobs for people monitoring the fleet... Well algos would do that too :-| But he made some very good points.

Using debt as an investment is smart. Tax cuts add to the deficit without providing any investment.

Without credit, there is no demand. Remove all the credit cards and forbid the states to make deficit, the game is over. As of employment, robotic killed it.

The jobs this guy is talking about toward the end, such as monitoring a network of autonomous taxis as new jobs of the future, sound like minimum wage jobs to me. In addition, computers will soon do that. Fact is he is right about the rich can only buy so much and there is not going to be enough income at the bottom end to fuel the economic engine.

Ron Paul has been parroting the same dire warning for a long time now, and much like Great Pumpkin, it's much ado about nothing.

What if the the robotics and machinery that are displacing jobs and disrupting markets do not provide enough opportunity to people that they are replacing?

People don't need jobs to demand stuff, people need money to spend to demand stuff... how they got it isn't important in an automated world.

Why is the unemployment rate so low but those giving up looking so high? Why the disconnect?

Is it me, or at 3.34 does he swear? 😂

Buy American. The world can't live without us! I said the same in 2008!

Wow there is an interview on these entertainment shows with intellectual info! Hopefully we see more of these.

Who's he kidding? NH has lowest unemployment rate 2.6% due to libertarian takeover.

Greese's people have gone back to the farm to keep living. Greese fell 20 years ago can you not eat for 20 years ?

No brainer, I saw it coming. Rent slaves can't afford anything but the rent.

Deflation? I wonder when Dan last bought a Big Mac or paid property tax?

The future isn’t work/jobs, it’s Basic Guaranteed Income.

the staff is clearly clueless and obstinated in follow an agenda the old man is the most sutbborn

Caddyshack's Judge Smails "The world needs ditch diggers too." It's true.

The reporters are noobs. Guy makes total sens but it just doesnt fit their paradigm

Housing and education are NOT cheaper....cars are not cheaper.

I can’t agree with Mr. Arbess more about the role of government.

But I don't need to buy anything. I have two of everything already

So go back to my farm and try to be as self sufficient as possible?

We no doubt live in a partially deflationary period due to technological advances, but I live in an inflationary world of rising food prices, rising taxes and fees (local level in California) and numerous other rising prices throughout my purchasing life, so if you are eating new CPU's and heating your home by burning up the boxes your new electronics came in, then you are truly living in a deflationary environment.

This guy is being very abstract. No economist gets it right.

It's two years later, I wonder if anyone has done anything

On the money. The day us debt can be sold, game over.

technology has not made military equipment cheaper , automobiles cheaper,phones cheaper,gas cheaper.Farming cheaper transportation of goods cheaper.

UBI is the only solution for the time being

Cnbs is for sure disrupted by podcasts soon

Buy American curb Recessions.

This guy sees things very clearly.

Becky Quick is hot. Just sayin'

So the interest rates will go up ?

Zero hours contract is not work.

"There's going to be a whole bunch of people monitoring those autonomous taxi's". Yea, but at a rate of maybe 100-1. Plus there are already people monitoring the taxi fleets. Here's the scary truth, most jobs that are destroyed by automation will not be replaced with new jobs. The mechanism for getting spending power to consumers is what needs to be rethought as we're changing the mechanism of how work is done by replacing more and more work with robots and automated software.

crux at 6:15: where are the alternatives going to be priced in the credit markets? demand for treasuries will start to dry up and be the trigger. 6:43 - virtual settlements, cloud based distributed ledger settlements because they create efficiencies

Instead of trickle down, if we raise wages it will be powerwash up!

Watching this in 2021...

Capitalism will eat itself.

So relevant these days.

This guy is smart...

tarriffs are a joke playin to the 60 million middle class that were left behind

I like this guy!

Smart guy. He gets it.

Capital is decoupled from labor. Jobs are disappearing everywhere and in every sector. This is a world that is on the precipice of an economic abyss.

Deflation.....

houses cheaper

Brilliant take

Stop. @7.40 1) We are producing too much stuff 2) We must all work and produce more stuff. Somebody please say it. UBI (universal basic income) If you want to sell stuff then your customer must have cash. And he mustn't have to produce stuff to get it.