| ▲ | gengwyn 14 days ago | |
Putting aside his made-up backstory, which is admittedly ad hominem, I've listened to his arguments, notably his video on debt and mortgages. It falls into the same trap as a lot of broadly populist economics - demonization of morally neutral economic concepts and focusing only on one side of the equation. This[1] entire video is him focusing on the bank side of a mortgage transaction, while never once considering the value given to the mortgage owner in being able to purchase an asset they never would be able to otherwise and gaining equity. Investment isn't just a hole rich people dump money into that prints stuff out for them and no one else. Call it biased, but I'm also a priori skeptical of any public intellectual that points to their one pet theory as the cause of society's ills. | ||