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Wolff Responds What to Expect from Janet Yellen as Treasury Secretary 

RichardDWolff
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself " available now at www.democracyatwork.info/books.
Wolff Responds is a ‪@democracyatwrk‬ production. We provide these videos free of ads. Please consider supporting our work. Visit our website democracyatwork.info/donate or join our growing Patreon community and support Global Capitalism Live Economic Update with Richard D. Wolff at / gcleu .
In this Wolff Responds, Prof. Wolff weighs in on Janet Yellen's role in the new Biden Administration.
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3 дек 2020

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Комментарии : 255   
@djdesign_
@djdesign_ 3 года назад
The real truth teller right here. Not Trump, not Biden, not the St. Obama, this dude.
@correspondencecommittee5746
@correspondencecommittee5746 3 года назад
This dude's a liar like all the rest. In the name of 'Marxism,' he's covering up a transnational capitalist class coup by calling it covid, along with all the other parties responsible for crimes against humanity. He has blood on his hands.
@djdesign_
@djdesign_ 3 года назад
@@correspondencecommittee5746 maybe do your own videos about this, would love to hear your counter argument.
@correspondencecommittee5746
@correspondencecommittee5746 3 года назад
@@djdesign_ There's already lots of information to expose Wolff and other pseudoleftists (Amy Goodman, David Harvey, Naomi Klein, Chris Hedges, et al.) for the professional gatekeeping liars they are in relation to the plandemic. See, for example: Global Research, Off-Guardian, Last American Vagabond, Unlimited Hangout, Winter Oak, The Corbett Report, Children's Health Defense, Highwire/Informed Consent Action Network, Dr. Joseph Mercola, Dr. Andrew Kaufman.
@jaybird1934
@jaybird1934 3 года назад
I don't like him skipping over the work by Steven Corbett-The Corbett Report on the covid scam, hes not dumb so its intentional. #transparency
@patriciafarrow9586
@patriciafarrow9586 3 года назад
@@correspondencecommittee5746 Off-Guardian is unadulterated bull shit.
@ssake1_IAL_Research
@ssake1_IAL_Research 3 года назад
This man is an excellent educator. Clear and to the point.
@faisalhasan5969
@faisalhasan5969 3 года назад
You, sir, are my role model. I'll follow your path as an economist and spread your word.
@user-wl2xl5hm7k
@user-wl2xl5hm7k 3 года назад
Thanks, I’m glad to hear that! I have some suggested resources if you’re not already aware of them: two of the best economic books imo to get you started are “Contending Economic Theories:...” by Wolff & Resnick (‘12); and “An Outline of the History of Economic Thought” by Screpanti & Zamangi (‘05). Then all of Marx’s economic works including Capital’s 3 volumes, Grundrisse, & all of Theories of Surplus Value. “The Deficit Myth” and other modern monetary books may be a good supplement
@Knifymoloko
@Knifymoloko 3 года назад
@@user-wl2xl5hm7k nice!
@user-wl2xl5hm7k
@user-wl2xl5hm7k 3 года назад
Just to be clear, I’m not Prof Wolff. I’m thanking you for pursuing your economist path
@correspondencecommittee5746
@correspondencecommittee5746 3 года назад
You've chosen unwisely. Keep following this fraud's example in promoting lies about covid-19(84) and he'll lead you right into a totalitarian nightmare.
@user-wl2xl5hm7k
@user-wl2xl5hm7k 3 года назад
@@correspondencecommittee5746 You’re incorrect. Wolff is very libertarian on the authoritarian-libertarian spectrum. He’s nowhere near Stalin or other authoritarian leftists. You should watch more of Wolff’s videos so you know what I’m talking about.
@Tobacc0
@Tobacc0 3 года назад
Yellen is 74 years old and probably hasn't talked to anyone with a net worth less than $20M in 30 years.
@Coltsfan
@Coltsfan 3 года назад
Her limo driver though!
@GrandmaCathy
@GrandmaCathy 3 года назад
74? OMG!! These people should be required to retire at 70. No later.
@elbowsanchez
@elbowsanchez 3 года назад
Ex Federal Reserve Chairwoman now the Secretary of Treasury. Now if that isn't a conflict of interest. Globalist dream come true.
@jamesmorton7881
@jamesmorton7881 3 года назад
Just hoping my RICE BOWL makes it through 2021 intact. Ancient economy of Mesoptamiuh had a solution. FORGIVE ALL DEBT WITH EACH NEW KING. IT WORKED.
@garthwilwand
@garthwilwand 3 года назад
Thank you, Mr Wolff. Love your no-nonsense approach.
@gertrudewest4535
@gertrudewest4535 3 года назад
Janet "depression-for thee-but-not- for-me" Yellen
@nancylarson7182
@nancylarson7182 3 года назад
I worked for a short time at the Minneapolis Federal reserve. I felt like I was choking on boardum. No human being should endure that level of pretending to be more than you are.
@nthperson
@nthperson 3 года назад
I am interested to know what your views are regarding the proposal by MMT proponents to transfer monetary issuance to the U.S. Treasury and away from the Federal Reserve System.
@reidr7288
@reidr7288 3 года назад
Thanks for letting me know that the republicans are going to call her a socialist
@arnej2174
@arnej2174 3 года назад
Thank you professor Wolff as to what we are to face in a few months
@randybest9187
@randybest9187 3 года назад
The only tools they have now is printing money.
@gemmahudack6182
@gemmahudack6182 3 года назад
That's literally what the Treasury does, that and collect taxes
@wendyzolotovskaya8202
@wendyzolotovskaya8202 3 года назад
Thanks Dr. Wolff! On point as usual!
@khaldunia
@khaldunia 3 года назад
Thanks Richard for your information. We need it.
@glen6945
@glen6945 3 года назад
vote green and get rid of them all
@ralphmunn1685
@ralphmunn1685 3 года назад
Share this BROADLY, people. The Truth needs us to amplify it in the face of ubiquitous fictions!
@julieallen8125
@julieallen8125 3 года назад
Thank you, Mr. Wolff. Biden has picked the same old, same old, worn out and never worked strategies and people to carry them out.
@edwardhanson3664
@edwardhanson3664 3 года назад
Still better than Thump's crew.
@rrosaseconda
@rrosaseconda 3 года назад
My ex was in the Yale Law School as a first-year when Bill & Hill were in their 2nd? 3rd? It was not obvious they had anything like a progressive thought even then. If they did, I think they would have hung out with us at social events sponsored by the Black and the newer Brown caucuses. They did not. She was a Goldwater Girl from the Mid-West & he is a neo-conservative from the deep South.
@nthperson
@nthperson 3 года назад
Right. And it was Bill Clinton who signed the law repealing the Glass-Steagal Act that separated investment banks from commercial banks.
@LONEWOLF..314-S-T-L
@LONEWOLF..314-S-T-L 3 года назад
SALUTE 💯 ... GREAT TALKING POINTS PROFESSOR WOLFF AS USUAL.
@Eged282
@Eged282 3 года назад
This is pretty amazing when you hear about the Ivy League schools academics regarding modern economics..How can you perfect a capitalism without hearing its critics? 🤔
@denniscosban6145
@denniscosban6145 3 года назад
Government is determined to make the next depression great again.
@kamanijefferson638
@kamanijefferson638 3 года назад
Witty
@nthperson
@nthperson 3 года назад
Mainstream economists do not understand what drives the so-called business cycle. All one needs to examine is the destructive character of our credit-fueled, speculation-driven property (meaning land) markets. Land markets have an 18-21 year boom-to-bust cycle that has repeated for two centuries.
@bibekghatak5860
@bibekghatak5860 3 года назад
Thank you Sir .
@woody7652
@woody7652 3 года назад
Thank you!
@davidotness6199
@davidotness6199 3 года назад
This is great. The personal anecdote / vignette about being Janet Yellin's classmate was in a word, "precious."
@davidotness6199
@davidotness6199 3 года назад
That said, I never expected anything different from another tool of the central banks. They live in their world, we live in ours. Capisce?
@473weasel
@473weasel 3 года назад
Interesting insight about the education industrial complex. I wonder why they wouldn't expose you to Marx or the pitfalls of capitalism? One would think for such a prestigious institution, in order to best run economics in a capitalist system, one would include the pitfallls and critiques of capitalism as to know how to avoid them rather a damned the torpedoes full speed ahead ideology.
@nthperson
@nthperson 3 года назад
The answer is simple. Anyone who spent time studying Karl Marx would automatically be labelled a communist or communist-sympathizer, or worse, an agent of the Soviet Union.
@Inpreesme
@Inpreesme 3 года назад
Thanks
@lagosolarbros
@lagosolarbros 3 года назад
Well said Mr. Wolff
@GrandmaCathy
@GrandmaCathy 3 года назад
100% Thank you for telling the truth!!
@bradleyodens299
@bradleyodens299 3 года назад
Well said.
@RobinHerzig
@RobinHerzig 3 года назад
Bravo
@drorbenami
@drorbenami 3 года назад
When someone begins to watch this video they are poor and have no idea what to do in the future and when someone finishes watching this video they are poor and STILL have no idea what to do in the future.....
@jimwells7778
@jimwells7778 3 года назад
Truth!
@c.staton2200
@c.staton2200 3 года назад
Epic commentary!
@TheRedWabbit
@TheRedWabbit 3 года назад
I've always wondered if Wolff had to do all of his Marx research on his own and after taking 4 years of economics, I am not surprised that he had to.
@LordKorgyab
@LordKorgyab 3 года назад
I plan to enter politics as a socialist and fight to help create a real socialist party in this nation. I hear you Mr Wolff and I stand with you against the inhumanity of capitalism.
@steveflor9942
@steveflor9942 3 года назад
0% Prime rate.... forever... Print money. Monetarize debt. That is all I see her doing.
@GrandmaCathy
@GrandmaCathy 3 года назад
Don't forget negative rates.
@steveflor9942
@steveflor9942 3 года назад
@@GrandmaCathy That's a good point. Though, I think Japan tried that and they found it didn't work so well. ( I need to do some research ) Best Regards
@matthewchase2930
@matthewchase2930 3 года назад
Love your ideas, thoughts and solutions. You've helped steer me to the political ideology I have today. But the mic quality kills me D@W!! Even on the TV intererviews I see. Dr. Wolff can SPEAK! I wanna hear him
@alanfriesen9837
@alanfriesen9837 3 года назад
While I understand the professor's sense of underwhelmededness, I have to say, a Kennedy or a Johnson would be a huge improvement on anything we've seen since. I also wanted to agree with the professor's assessment of the Clintons and Obama having the much of their progressive ideology pounded out of them. The same thing could be said about Nancy Pelosi. That very much matches my observations on Democratic leaders, and it colors my expectations on any future Democratic presidents.
@nthperson
@nthperson 3 года назад
If only more of our fellow citizens would consider supporting Green Party candidates.
@alanfriesen9837
@alanfriesen9837 3 года назад
@@nthperson Are you wanting the Green Party to replace the Democratic Party? 'Cuz anything short of that will merely split the left and hand perpetual power over to the Republicans.
@nthperson
@nthperson 3 года назад
@@alanfriesen9837 I would settle for proportional representation over our winner take all system.
@alanfriesen9837
@alanfriesen9837 3 года назад
@@nthperson You have my vote.
@nthperson
@nthperson 3 года назад
@@alanfriesen9837 Too late for me. I turn 73 in a month.
@PandemoniumVice
@PandemoniumVice 3 года назад
4:10 This line actually made me say "ha" out loud.
@plastictouch6796
@plastictouch6796 3 года назад
Can you do a video explaining in depth the alternatives to markets?
@realdanrusso
@realdanrusso 3 года назад
Damn, waits till the end to tell us he was in Yellen's PhD cohort!
@santinorider7536
@santinorider7536 3 года назад
He has mentioned this before in prior discussions and lectures
@kevinmahoney1995
@kevinmahoney1995 3 года назад
Johnson was a believer in the New Deal. Not sure that was a good comparison. Other than that, the video is spot-on.
@colinbrigham8253
@colinbrigham8253 3 года назад
Prof Wolfe rules 🤗
@Nonconceptuality
@Nonconceptuality 3 года назад
Had me loling. The delusion runs deep in economic academia.
@alanfriesen9837
@alanfriesen9837 3 года назад
Optimism regarding market economics is the most essential prerequisite to a career in relevant spaces and it vastly outweighs any sense of history or perspective. You can't tell the people that things might go south and expect to keep your job.
@normavega6437
@normavega6437 3 года назад
@@alanfriesen9837 well-stated
@realdanrusso
@realdanrusso 3 года назад
I'm interested in what the narrow ideological framework of your phd department was. outside of describing as liberal
@nthperson
@nthperson 3 года назад
Almost all economics departments are dominated by Keynesian or neo-Keynesian professors teaching neoclassical theory. I am pretty sure this is what Professor Wolff has described as what was taught at the University of Massachusetts.
@gertrudewest4535
@gertrudewest4535 3 года назад
She's a re-tread.
@ianperfitt
@ianperfitt 3 года назад
You should write her or have an interview with her Professor. Maybe ..
@kevchard5214
@kevchard5214 3 года назад
Maybe Janet Yellen didn't think she would live a year longer when she said that. we could only wish it was true.
@BriannaMemis_Breezy1
@BriannaMemis_Breezy1 3 года назад
So, we're F'ed. Great...
@GrandmaCathy
@GrandmaCathy 3 года назад
S2d2
@charlesputnam9370
@charlesputnam9370 3 года назад
I was at on facebook a couple years ago telling people I didn't like the tax cuts because I thought we should be saving for next crash . People where cussing at me and telling me I was stupid. As s student of history there is always something just around the corner that will crash the economy. I agree with professor Wolf every 6 to 10 year s there is something that will happen that will cause us to go into recession. That is why we need the things that Roosevelt started to be strong like social security and unemployment insurance. Some time s the government needs to stimulate the economy with public works projects just like Roosevelt did. We will definitely need infrastructure spending after covid-19 passes. That is why you don't cut taxes everytime the economy looks good. It's not communism or socialism it is a lesson learned from history. That there will be shocks and we must be prepared for them.
@nugrid1117
@nugrid1117 3 года назад
Heal Thy Self
@gzeily
@gzeily 3 года назад
On his deathbed, the father asked his son, "the chicken and duck disrelish the feed, the cow feels too tired, and the pig complains that the nest is too dirty. what should you do?" the son replied, "improve the feed and do some light work and clean the pigsty." the father shook his head and said, "Don't do anything and give them votes. Choose you or your wife to take care of them and make them feel that they are in charge of the family. "
@justingurley3059
@justingurley3059 3 года назад
Does D@W have just voice like podcast, i no longer have internet, and only 2 gigs of data, and ive lost months of news of whats going on, thanks for reading.
@mattmalenda6585
@mattmalenda6585 3 года назад
Capitalism needs to go.
@joesaiditstrue
@joesaiditstrue 3 года назад
sadly it doesn't really matter what economic philosophy we try to mirror, the people who have all the power will pull the same strings that have always been pulled. there are only two things that will change things in a quick enough manner to make any difference 1. direct action, get in the streets in mass protests. 2. mass boycotts of large corporations, specifically the ones who our politicians take money from
@bradleyp3655
@bradleyp3655 3 года назад
@@joesaiditstrue The issue is trusting each other. That has to come first. When competition exist for resources trust does not exist and it spreads through all population that one must coveted what they they have a acquire more to make sure no one else gets there first.
@larryross1819
@larryross1819 3 года назад
I tolerated 44 (Obama) for 8 years and kept quiet. Here is my issue with the whole, “let us all be a United States again” that we heard from democrat Joe Biden. For the last 4+ years, the democrats have gone scorched earth. You have salted the fields and now you want to grow crops. The problem is 80 million of us have memories longer than a hamster. We remember the democrat women’s march (vagina hats and all) the day after inauguration. We remember the 4 years of attacks and impeachments We remember the democrat “not our president” and the democrat “Resistance…” We remember democrat Maxine Waters telling followers to harass us in restaurants. We remember the Presidents spokesperson being kicked out of a restaurant. We remember hundreds of Trump supporters physically attacked. We remember Trump supporters getting Doxed, and fired from jobs. We remember antifa/BLM riots, burning, murder and looting We remember “a comedian” holding up the President’s severed head We remember a play in Central park paid with public funding, showing the killing of President Trump We remember democrat Robert de Niro yelling “Fuck Trump” at the Tony’s and getting a standing ovation. We remember democrat Nancy Pelosi tearing up the State of the Union Address. We remember the total in the tank move on the mainstream media We remember the non-stop and live fact checking on our President and his supporters. We remember non-stop in your face democrat lies and open cover-ups from the media. We remember the President and his staff being spied on. We remember five republican Senators shot on a ballfield. We remember every so-called comedy show turn into nothing but Trump hate fest. We remember 95% negative coverage in the MSM. We remember the state governors asking and getting everything they ask for and then blaming Trump for their problems. We remember a Trump top aid verbally assaulted in two DC restaurants by democrats. We remember democrats banging on the Supreme Court doors. We remember that we were called every name in the book for supporting President Trump. We remember that democrats in Hollywood said they would leave after Trump was elected but they stayed. This list is endless, but you get the idea. My friends will be my friends, but a party that has been on the attack for 4 long years does not get a free pass with me!
@laleydelamor1327
@laleydelamor1327 3 года назад
Spmething like -we need a model between capitalism and socialism? Something like UN’s paradigm called Happytalism? All people supposed to be happy by 2050.?
@everythingmatters6308
@everythingmatters6308 3 года назад
@@larryross1819 If only you paid as much attention to the exact same crap YOUR side is guilty of, the list would be just as long.
@hhheee3939
@hhheee3939 3 года назад
This ⤴️
@eileenmc4746
@eileenmc4746 3 года назад
I know you, like Bernie did real studying-on your own and in your family lived experience and that is why you are trusted truth tellers.
@larryross1819
@larryross1819 3 года назад
I tolerated 44 (Obama) for 8 years and kept quiet. Here is my issue with the whole, “let us all be a United States again” that we heard from democrat Joe Biden. For the last 4+ years, the democrats have gone scorched earth. You have salted the fields and now you want to grow crops. The problem is 80 million of us have memories longer than a hamster. We remember the democrat women’s march (vagina hats and all) the day after inauguration. We remember the 4 years of attacks and impeachments We remember the democrat “not our president” and the democrat “Resistance…” We remember democrat Maxine Waters telling followers to harass us in restaurants. We remember the Presidents spokesperson being kicked out of a restaurant. We remember hundreds of Trump supporters physically attacked. We remember Trump supporters getting Doxed, and fired from jobs. We remember antifa/BLM riots, burning, murder and looting We remember “a comedian” holding up the President’s severed head We remember a play in Central park paid with public funding, showing the killing of President Trump We remember democrat Robert de Niro yelling “Fuck Trump” at the Tony’s and getting a standing ovation. We remember democrat Nancy Pelosi tearing up the State of the Union Address. We remember the total in the tank move on the mainstream media We remember the non-stop and live fact checking on our President and his supporters. We remember non-stop in your face democrat lies and open cover-ups from the media. We remember the President and his staff being spied on. We remember five republican Senators shot on a ballfield. We remember every so-called comedy show turn into nothing but Trump hate fest. We remember 95% negative coverage in the MSM. We remember the state governors asking and getting everything they ask for and then blaming Trump for their problems. We remember a Trump top aid verbally assaulted in two DC restaurants by democrats. We remember democrats banging on the Supreme Court doors. We remember that we were called every name in the book for supporting President Trump. We remember that democrats in Hollywood said they would leave after Trump was elected but they stayed. This list is endless, but you get the idea. My friends will be my friends, but a party that has been on the attack for 4 long years does not get a free pass with me!
@eileenmc4746
@eileenmc4746 3 года назад
@@larryross1819 and I understand the past 40 years under the oligarchy duopoly
@xiongwang64
@xiongwang64 3 года назад
Me Richard, I saw your patron program only accept per month. Is it possible to support you like buy you a coffee?
@473weasel
@473weasel 3 года назад
He has a patreon in the links.
@xiongwang64
@xiongwang64 3 года назад
@@473weasel Thanks for the reply, but it seems only support monthly payment. And I personally don't like subscription-style payment.
@laleydelamor1327
@laleydelamor1327 3 года назад
Please, Sir, can You say something about new UN’s paradigm called Happytalism, model between capitalism and socialism? Is that the way for all people to be happy by 2050.?
@kyber7503
@kyber7503 3 года назад
I think she was intentionally lying when she said she didn't think there would be another economic crash. Can't scare off the investors!
@patriceortovent3337
@patriceortovent3337 3 года назад
Yellen lives in a glass bubble like most well off people, she can see through the glass bubble but no sound can reach her. She uses a bit of imagination to fill the gap which exists in her head in permanence. What her imagination tells her is far away from reality, no problem for herself, simply the implication for others is disastrous in her position. The circus continues , let’s keep the spectators entertained, it keeps things in place a bit longer. Longer is now getting shorter, watch what’s next, a bigger circus where the spectators get into the arena for a change. No time to get bored, perhaps getting killed, yes, but bored, no way.
@philgregoire297
@philgregoire297 3 года назад
I'm expecting her to look an awfully lot like Steve Mnuchin. In fact, I'm growing more confident every day that it will actually be Steve Mnuchin. God Bless America.
@omarkhasru6295
@omarkhasru6295 3 года назад
Prof Janet Yelen was my direct teacher at Berkeley. She was a great teacher and a nice person. Would like to congratulate her but can't fund her e-mail address. Can simeone help confidentially?
@marvinrobinson3981
@marvinrobinson3981 3 года назад
???
@parallelworldsguy
@parallelworldsguy 3 года назад
Academic economics is, in general, way way more right wing than other social sciences. The mild left among economists represented by Janet Yellen would be a very conservative position in sociology, anthropology, geography or history (political scientists, unfortunately, have recently become more like economists).
@drorbenami
@drorbenami 3 года назад
Do you really expect anyone to remember the economic policies of Kenndy and Johnson?
@Sitting8ull
@Sitting8ull 3 года назад
Is the new stimulus package just another corporate bailout?
@marvinrobinson3981
@marvinrobinson3981 3 года назад
YESSSSS!!!! It does not contain any monetary assistance for us, only the wealthy.
@michaelprozonic
@michaelprozonic 3 года назад
Oooooh now I can’t wait to see what kind of fancy leather gloves she wears when she holds up the first sheet f $100 dollar bills with her signature on them like Mnuchin and his wife did
@patrick247two
@patrick247two 3 года назад
Business as usual.
@wealthychef
@wealthychef 3 года назад
Listen at 1.5x speed or be lulled into somnescence
@glen6945
@glen6945 3 года назад
everyone look up what the word mortgauge really means
@frankymaclellan7295
@frankymaclellan7295 3 года назад
death debt?
@Benny_Shill
@Benny_Shill 3 года назад
I'm ready for the "Great Reset", I own XRP and 0xMR.
@wildeyedherman3102
@wildeyedherman3102 3 года назад
A lot of Yellen! 🤣🤣🤣🤣
@nugrid1117
@nugrid1117 3 года назад
Free the Lamd
@picandvideo
@picandvideo 3 года назад
Too late for her to learn anything new. They have a note book for her to follow. Not safe to do anything else outside that book.
@batgirlp5561
@batgirlp5561 3 года назад
Well that's a downer
@douglasmueller4684
@douglasmueller4684 3 года назад
I expect it under her to just get way worse.
@nugrid1117
@nugrid1117 3 года назад
Use the Fed
@paulkesler1744
@paulkesler1744 3 года назад
I'm sure Wolff is correct in saying Yellen is not progressive. However, I think it's a bit wrong to compare her with Presidents like JFK and LBJ. Johnson, in particular, was well to the left of Yellen in terms of domestic policy, given his various Great Society programs. For example, if Medicare didn't already exist (as a result of Johnson's establishment of the program), I can't imagine Yellen being favorable to creating it from scratch. Let's recall that JFK and LBJ represented the last gasp of New Deal/Keynesian policies (though most of them persisted through Nixon's administration despite the latter's conservatism), whereas from everything I know about Yellen, she's a neoliberal who firmly opposes any return to the welfare state, now or in the future.
@PermanentNumberOne
@PermanentNumberOne 3 года назад
Ms. Yellen's comments R directed to the upper crust $500mn NIPR, currency liquid (Swiss francs, USD, BITCOIN , gold, etc) with monoply power or influence. Including the hereditary meritocracy 🤗. Her theme is not directed towards regular wealthy, lower crumbs, less than $525mn paper (chiefly stock/bond market), IPR, less fortunate, less affluent & poor working or not. Citizens like me & my family.
@bobwilson360
@bobwilson360 3 года назад
Capitalism. That is what to expect.
@kennethferland5579
@kennethferland5579 3 года назад
Alternatively she thought she had stage 4 Cancer at the time she she said that.
@williamgleaton2992
@williamgleaton2992 3 года назад
One more thing momma taught us opinions are like assholes everybody has one.
@elbowsanchez
@elbowsanchez 3 года назад
Wonder how Professor Wolff feels about owning nothing and being happy about it. All our life work and savings, taken away. How do you feel about that?
@fity_4696
@fity_4696 3 года назад
Are you talking about how the 1% take away what little the 99% have by the system of capitalism? He feels that we need to restructure the current system to be more pro-worker instead of pro-owners.
@elbowsanchez
@elbowsanchez 3 года назад
@@fity_4696 The system we live in today is not capitalism, it is fascism. Professor Wolff dreams about a system that will never happen. All we need is free markets and less government. Do some more research.
@tonydfixertonydfixer9113
@tonydfixertonydfixer9113 3 года назад
Yellen was speaking in absolutes to sound confident, & instilling confidence in John Q Public whatever else she is or does or whatever I don't trust any of them I don't trust any of the money experts I can only trust in the history and what has happened
@antonimonti6902
@antonimonti6902 3 года назад
She may be "better" than Mnuchin... But she won't do anything remotely good ...
@benniecrawford6876
@benniecrawford6876 3 года назад
I think she will do a wonderful job and do what is necessary to help the American people. I trust her and all of President Elect Biden’s appointments. What she may have done in the past is irrelevant and we elected Biden not Bernie.
@markbrownner6565
@markbrownner6565 3 года назад
life's so funny...two kids from brooklyn both go yale to study economics and take such divergent paths upon graduation.... maybe like biden she will remember her roots....
@khosrofakhreddini7824
@khosrofakhreddini7824 3 года назад
I don't think she'll bring anything new. Everything pretty much as usual.
@sudhisira
@sudhisira 3 года назад
She is a status quoist. In that sense, no different from Mnuchin really. Her gender is different and her style would be somewhat different. Other than that, it is the same old same old.
@buttafan4010
@buttafan4010 3 года назад
Twas the nightmare before Christmas when all through the "House" Not a creature was stirring, not even a mouse. When out on the lawn there arose such a clatter, I sprang from my bed to see what's the matter. Away from the window I turned as a flash, Tore open the shutters and threw up the sash. When what to my wondering eyes did appear, A battering ram, and a shout of stand clear. But these were not Elves, like soldiers they came, With whistles and shouts, and violent reframes. Get your hands up, get down on the floor, and then ... drop the gun ... but need I say more? They burst through that door, with intent to cause fear, And I felt ... for a moment ... the end must be near. The stockings were searched on the chimney with care. And planted with drugs they said they found there ... We were dragged from the house, out onto the snow, Beaten and tasered, lined up in a row. Handcuffed and shackled and dragged to the vans ... So much for the rest of our holiday plans.
@pentagate1
@pentagate1 3 года назад
Question:>>> What is the difference between capitalism = bad greed and socialism = good equality? Does history not teach us both centralize power in the ruling class at the expense of the people? Put another way. Political show trials put aside, what actual average difference in outcomes do we have in either system if a person from ruling class commits a financial or bodily crime compared to average Joe on the street? I see no difference hence both systems fail the masses equally in different ways. Going from one to the other repeatedly and expecting different results indicate insanity. AOC is already collecting names to oppress opposition, Kamala insists on punishing the provably insolent, Biden just likes the money, Trump likes his image, Mnuchin thinks the mighty greenback has never financed crime, and all are pushing for tighter controls in the name of "safety for you". Both systems are self serving and both require dumb Joe public to support it. Only difference I do see is capitalism had some freedom of speech and right to self determination. Both of which are slowly being whisked away as we the dumb Joe public are further dumbed down and argue among ourselves. 'Stuart Smalley'
@rdg8390
@rdg8390 3 года назад
I shall recommend the Heritage Foundation fund a reality check lecture tour!
@neilnelson79
@neilnelson79 3 года назад
Could not stand to listen to the end. It would be much better if Wolff gave some indication he knew some economics instead of this diatribe.
@obiwanceleri
@obiwanceleri 3 года назад
In my opinion if you're really on the left, you want an exit to capitalism. In that perspective, you've got very, very small amounts of leftists in the US, let alone elected ones. You shouldn't say "leftist" but moderate fascist.
@radthibidaeux8229
@radthibidaeux8229 3 года назад
Here's the one minute synopsis of this video: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jVgKt3TSGnE.html And what to expect from 46: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jVgKt3TSGnE.html At last, something that Richard and I are in complete agreement with. The word "progressive" should never be associated with either of these two buffoons, and in the coming months, you will all discover that nothing progressive will be found in any of their policies, either. When will you start talking about "Plan B," Richard? Until you and Thom and Robert begin to counsel that it is only by traveling a different path that we ever possibly could arrive at a different destination . . . we will simply be discussing the SSDD/MOTS . . . forever. Or is that the "real" progressive agenda? Debate everything, solve NOTHING? Because if that is your plan . . . it's working.
@danieldancy7416
@danieldancy7416 3 года назад
I volunteer to be the first one to go into DC with an assault rifle. I just need a ride
@Lavabug
@Lavabug 3 года назад
Nice try FBI
@danieldancy7416
@danieldancy7416 3 года назад
@Amerikan Idiot do you think that the nothing we are doing right now is helping
@danieldancy7416
@danieldancy7416 3 года назад
@@Lavabug I'm the farthest thing from that. I'm surprised I haven't been tossed in one of those dark SUV I seen during the riots. I have been on their stupid watchlist before this pandemic so please know wtf your talking about before you insult me like that I'd rather you call me an idiot or almost anything but that. But this pandemic has taught m that people can actually get dumber.soI guess I'm not even an exceptional idiot anymore just a plain idiot but not FBI. I know I sound hostile and extreme. They forced my job to. Close. The handout office says they have too many calls I can think they're just not taking any and now they want my house. Everything I've worked all my damn life for and you wanna call me FBI People like me might be the only hope for a nation with its head in the sand. Let me ask you one question. When in your lifetime has things gotten better in this country. And if anybody wants to tell me love it or leave it I fought for this country and earned the right to be critical
@danieldancy7416
@danieldancy7416 3 года назад
I just can't help but notice they can't agree on how to help people but they appointed coney-barrett in like 5 minutes. When they want to do something they do it.
@danieldancy7416
@danieldancy7416 3 года назад
@Amerikan Idiot i have been wrong before though
@alterworlds1629
@alterworlds1629 3 года назад
My comment seems to have been deleted. She is a run of the mill character of what our country teaches as economics and it's shit. Already needs replacing and she isn't even in charge yet.
@tomeverett2212
@tomeverett2212 3 года назад
A lot of talk, not a lot of content.
@glen6945
@glen6945 3 года назад
ace----and lets talk chemtrails
@goedelite
@goedelite 3 года назад
Prof Wolff is lacking essential information about the statement that Ms Yellen made in 2017. If he knew, he would better be able to judge her statement and do it justice. Early in 2017, after attending one of the many dinners that bureaucrats must and consuming the unhealthful fare provided, making the obligatory toasts to the honored guest, and trying to digest the overly sweetened and whipped cream topped sponge, she experience chest pains and had to be taken to hospital. After a week's rest, she was released, but her cardiologist had the sad duty to tell her that the next such attack, that might come any time, would be extremely serious and she should prepare her personal affairs accordingly. Knowing these facts, Prof Wolff can better understand the significance of the "in my lifetime" part of her statement. She really did not believe, at that point, that she would live as long as she has. to the end of 2020! What can we learn from her experience? At the least, that doctors are no more able to predict the future than economists or Federal Reserve Chairpersons!
@drorbenami
@drorbenami 3 года назад
Yes, Janet did not read Karl Marx at Yale. THAT IS WHY SHE WAS CHAIRMAN OF THE FED and you are making RU-vid videos. .
@jamesgarage4327
@jamesgarage4327 3 года назад
He wanted to teach. Money wasn’t the driver. That’s unfortunately a foreign thought to a lot of people. Its not a character flaw. It’s good to hear different opinions to counter your own version of reality - let two ideas knock each other out to see which is better. I still pick capitalism - I’m irritated when my withholding taxes are raise for social security checks when we all know there was no inflation this year. Both systems have advantages and disadvantages. Wolff knocks capitalism but doesn’t address the disadvantages of Marxism in way that is compelling to me.
@drorbenami
@drorbenami 3 года назад
@@jamesgarage4327 ...Communists don't want to teach....they want to influence people and make a better society.... Professor Wolff does neither, Janet does both.....
@jamesgarage4327
@jamesgarage4327 3 года назад
@@drorbenami As far as I can tell, Janet was just at the right place at the right time, lucky
@thomasmcmillan5095
@thomasmcmillan5095 3 года назад
Blah Blah Blah. So, she's not a Marxist. And you, drawnnnnnnn out, got your video to 9 minutes at my expense.
@Sksk27547
@Sksk27547 3 года назад
Richard, you are a complainer. Hahaha!
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