$1 trillion = a stack of $1,000 bills 65 miles high.

The diagnosis is clear and correct. Now, how do we attack the disease in a real and effective way?

Meanwhile, the scam bots will tell you that you can make a fortune in a week. Those with the gold make the rules. Capitalism 101.

Gracias Richard por abrirnos la mente, el mundo podría ser diferente, positivo, para todos. Hello from Chile sud América

This good econ Prof actively tries to educate ordinary Americans on the Sickness is the US Plutocracy System

Great analysis as always

Bless you Professor Wolff!!

Love to see Wolf in charge of the Dept. of Transportation !

How to spend trillions and make sure nobody that needs anything gets it

Thank you Professor Wolf and team!

When big questions are being ignored, and the answers that are given later are lame, you will know that that company or venture or government is going down the drains....

The USA DEBT Ceiling will in all probability be raised, heading towards $35TRILLION. This is bad, but it is especially bad if interest rates rise to 5%...What used to be the norm. Imagine at 5% p.a....This would equate to $2Trillion every year! So the debt ceiling would have to be raised by at least $2TRILLION every year just to maintain the status quo.....It is obvious to anyone that the USA cannot reduce it's Debt. Then there is the PRIVATE DEBT, which is ten times worse. No much wonder that banks and companies are going bust. This is not like the Great Depression which happened almost overnight, This is much much worse and is like trying to hold back the tide....Sooner or later the tide overwhelmes everybody....

Interesting. I was unaware of whether or not they had specified how the companies could use the money from the bill.

There need to be more Wolff's and less B(e)ozos in the world...

Do you know any books that cover the history of cooperatives that were messed with through regulation by governments or competing companies that didn't like them?

Great work on all your videos, Professor Wolff!

Thank you for the information. You help the average person understand what is going on around them.

Great video professor Richard Wolff

How can we pay for it? Funny no debate from Manchin or Senima if $ go to the wealthy

Thanks!

Wolff for President! 🎉🎉🎉

Why does the US have it’s sights on toppling Haiti??

Well that makes sense and I agree, screw these megacorps. But what is the answer in a situation like this? We need someone to fix the roads, who do we pay to do that? How do we get out of this issue?

Professor Wolff, the world need people like you who has a clear mind on what the world is facing and hopefully people get alert and try to put it back on the right path.

#SocialismNOW!!!!!!!!!!! Get em Pro WOLFF!!!!!!

Thank you

Professor Wolff, you are fantastic on Leftovers. I immediately subscribed to your channel after the show. I can’t wait to see you back on to talk to Ethan on either Leftovers or H3

Are you serious? It's not even being given conditionally? There's no, "We'll give you this money as long as you build this factory"? That's ridiculously stupid.

I've been subscribed for years to Professor wolff...yet youtube keeps pushing him out of sight when I connect and they push the recommendations. Make sure you constantly refresh subscriptions and review his latest offerings or they'll flood you with things "out of sight out of mind."

What's the alternative? At least the government could set the wages and salaries, bottom to top, when they get contracts to do tax-financed work.

thank you for this probative video

We want you back on the H3 podcast!

German Vice Chancellor Robert Habeck, in an interview with DPA, called on the EU to impose sanctions against the Rosatom concern so that Russia could not use nuclear energy in the energy sector as an instrument of political pressure. I note that for Germany, which has closed all its nuclear power plants, sanctions against Rosatom will not be hot or cold. However, a ban on the import of Russian nuclear fuel could hit hard on the French industry, which receives electricity generated by nuclear power plants. German authorities want to increase production costs for French industry in order to weaken their main competitor in Europe

But all those billions "trickle down" don't they? You mean Ronnie lied to us?

Bet those chip subsidies are being granted with very few conditions and requirements; like "we'll give you this money SPECIFICALLY to improve our tech, not so you can buy your stock back"...

General Strike!!!!!

Appreciate your insight! Haven't heard anything meaningful yet from anyone on solutions to the ongoing crisis, other than printing more money, rescuing those poor innocent corporate executives and making us work more for less. Could you focus on what can be done in the long and short term to swing odds in people's favor in one of your next videos?

The working class are not the most vulnerable persons in society. You are a big Teddy bear 🧸

In other words, us is screwed

Dear Professor Wolf, as a student in public policy, I believe that public spending runs counter to inflation, I am wondering what corporate welfare relating to government subsidies for big business days about the private sector? While low interest rates seemed to prompt up big businesses, does that suggest that American corporations are weaker, and less competitive? Asking for a friend.

Boy wouldn't I like to be given free money with no strings attached on its spent!!!

God bless you professor Can you talk about what happened to credit suisse?

I would love to donate my time and the materials to setting up a proper camera, mic and lighting to your setup. I'm recently finding your work and oration, and It's an incredibly perspective that I think more people out to hear about. However, the quality of your videos is quite distracting. A simple external webcam and mic would upgrade the quality significantly and make your self-made content much easier to digest. Please don't take his as too harsh of criticism, ultimately I want to enjoy your videos and help make them more palatable to newer people finding your content.

On JUSTICE!

I'd like to hear about your solution.

Hundreds of billions of dollars in welfare for huge corporations? That's never happened before.

Campaign finance reform

❤❤👍👍

Stock buy-backs, by the way😢...

Social/communism, will-to-power, but with great PR.

#30KforBackPay #ZapenForPrez

He sure talks slowly for a New Yorker

What if jobs were to move from high-paid workers to lower-paid workers to artificial intelligence then finally to human slaves?

Re the Chips financial support program. The USA cannot build advanced Semiconductors in the USA, since the neither the fabrication plants nor the skills exist in the USA (or Japan or the EU). Approximately 92% of advanced Semiconductors are built in Taiwan and the balance in South Korea. In the event of an attack by China on Taiwan, leading to the destruction of those factories and their associated Supply Chains, the USA and the West will be set back for decades. This risk is imo. the main motivation for the USA to support Taiwan, which increases risk of a war with China.

Can't blame the Democrats. The Republicans are the same. 😢 We need a whole new system. 😢

This is because the US is an oligopoly.

Sounds like....whazzit called?......oh yeah.....FASCISM

Communism/socialism always works great. All you have to do is completely discount/ignore/dismiss the people's pain, and mental health. I mean, all they need is food, right? You've beat the rich, you are better, things have not disintegrated entirely.

🐺🐺🐺🐺🐺🐺🐺🔥🔥🔥🔥🔥

He who generalises is generaly wrong... 😅 You do know those subsidies have strings attached right?

🙏🙏🙏🙏🙏🤞

Hello Richard! how nice to see you back reporting on things you actually have expertise in! i was shocked when you dished us up some tired russian propaganda manure when you were commenting on Ukraine... there were several OBVIOUS lies in your presentation's desperate attempt to aid the russians, i was truly shocked by your deceitfulness! so welcome back to the land of facts and truth!

Great News. Americans have yet to wake up. I support US increase military spending to 10 trillion, half to be sent to Ukraine incl 50k troops to Ukraine since US govt is saying that Zelensky is winning 🤭

I doubt I will be voting Democratic next go round. Dems or Republicans, it all comes out the same.

*Important:* Can Prof. Wolff and all people with clout on the left please start educating everyone about both the: (1) difference between right-authoritarian vs. right-libertarian; & (2) difference between left-authoritarian vs left-libertarian? It’s long overdue. People aren’t cattle or sheep: They will understand if we educate them. Though we need to educate (& learn) about all the nuance.

You talk as though this is a unique Democratic problem and seem to be be suggesting that they are the only ones who do this. They aren't and they don't. Both political parties do the same thing because both political parties are bribed - sorry donated to - in exactly the same way and so both do the bidding of their benefactors. If they don't, the money supply in the form of the donations will dry up. There is little real difference between the parties when it comes to doing as they are told.

Greed always wins. Sorry Wolff, stating the facts will set you free, in a lawless world?

with infrastructure, I would wonder who can fix dams, harbors, roads, etc. except big companies. I would like Professor Wolff to outline his alternative. This seems one of his few weak arguments.

And to once and for all stop this behavior we are going to…….?

He just trying to get all of y'all to jump in his pocket. He don't care what happens, he just wants to be right. That's why these folks are so happy to abstract PAIN, even above the groans.

Is there a model that isn't just beta still, 120 years in, or whatever. Better right than responsive. Eh?

It is funny how you can point out huge problems and blame the solution.

Still no clue what capitalism is...what money is...what inflation is... or that none of what exists has any legitimate constitutional authority to exist? below is the promotional material for Michael Hudson’s newest book, The Collapse of Antiquity. Enjoy! * * * The Collapse of Antiquity, the sequel to Michael’s “…and forgive them their debts,” is the second and latest book in his trilogy on the history of debt. It describes how the dynamics of interest-bearing debt led to the rise of rentier oligarchies in classical Greece and Rome, causing economic polarization, widespread austerity, revolts, wars and ultimately the collapse of Rome into serfdom and feudalism. That collapse bequeathed to subsequent Western civilization a pro-creditor legal philosophy that has led to today’s creditor oligarchies. In telling this story, The Collapse of Antiquity reveals the eery parallels between the collapsing Roman world and today’s debt-burdened Western economies. Endorsements “In this monumental work, Michael Hudson overturns what most of us were taught about Athens and Sparta, Greece and Rome, Caesar and Cicero, indeed about kings and republics. He exposes the roots of modern debt peonage and crises in the greed and violence of antiquity’s oligarch-creditors, embedded in their laws, which in the end destroyed the civilizations of classical antiquity.” - James K. Galbraith, author of Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe. “In this fascinating book, Hudson explores the rise of the predatory rentier oligarchies of classical Greece and Rome. He makes a fascinating and persuasive case that the trap of debt led to the destruction of the peasantry, the states and ultimately even these civilizations.” - Martin Wolf, Chief Economics Commentator, Financial Times. “Michael Hudson is an old school, 19th-century classical economist who puts fact before theory. To read his new book, The Collapse of Antiquity, is to learn why and how it has come to pass that we live in a world in which the money owns the people, not the people who own the money. The clarity of Hudson’s thought is like water in a desert, his history lesson therefore a sad story that is a joy to read.” - Lewis Lapham, editor of Lapham’s Quarterly. Scope The Collapse of Antiquity is vast in its sweep, covering: the transmission of interest-bearing debt from the Ancient Near East to the Mediterranean world, but without the “safety valve” of periodic royal Clean Slate debt cancellations to restore economic balance and prevent the emergence of creditor oligarchies; the rise of creditor and landholding oligarchies in classical Greece and Rome; classical antiquity’s debt crises and revolts, and the suppression, assassination and ultimately failure of reformers; the role played by greed, money-lust (wealth-addiction) and hubris, as analysed by Socrates, Plato, Aristotle and other ancient writers; Rome’s “End Time” collapse into serfdom and pro-creditor oligarchic legacy that continues to shape the West; the transformation of Christianity as it became Rome’s state religion, supporting the oligarchy, dropping the revolutionary early Christian calls for debt cancellation and changing the meaning of the Lord’s Prayer and “sin,” from a focus on the economic sphere to the personal sphere of individual egotism; how pro-creditor ideology distorts recent economic interpretations of antiquity, showing increasing sympathy with Rome’s oligarchic policies. From Backcover Rome’s collapse was the forerunner of the debt crises, economic polarization and austerity caused by subsequent Western oligarchies. The West’s pro-creditor laws and ideology inherited from Rome make repeated debt crises transferring control of property and government to financial oligarchies inevitable. Classical antiquity’s great transition to the modern world lay in replacing kingship not with democracies but with oligarchies having a pro-creditor legal philosophy. That philosophy permits creditors to draw wealth, and thereby political power, into their own hands, without regard for restoring economic balance and long-term viability as occurred in the Ancient Near East through Clean Slates. Rome’s legacy to subsequent Western civilization is thus the structure of creditor oligarchies, not democracy in the sense of social structures and policies that promote widespread prosperity. Print Friendly, PDF & Email This entry was posted in Guest Post, The dismal science on March 25, 2023 by Yves Smith. P.S. There are some who believe Hudson is a "marxist economist"...but there is a significant distinction between understanding "economics" and "history" to include "marx", and being a marxist. I realize the followers of Wolff don't bother with any "distinctions" of any kind for any reason...and the "victim" shit is getting old...but that's what happens when you trade "essential liberty" for a little temporary and delusional security. ( especially when you have no clue how it happened and the consequences of it. ) WARNING!!!!!! we shall now hear from the "willfully ignorant, functional illiterates" so described, who will insist on confirming the description, while having no relevant response or argument to what has been written.

Modern Monetary Theory.

What’s up Dick..all this thought you put into this but what are you doing to help push your ideas into action?what can I do as a individual?