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I feel Yanis is speaking to a previous era which is now ending. He says money-printing and QE will continue? He says Tech will rule everything? That was belie

I feel Yanis is speaking to a previous era which is now ending. He says money-printing and QE will continue? He says Tech will rule everything? That was believable a year ago. But today, we have for the first time seen enough inflation from all that QE for it to now be a mainstream political issue (and not just something ranted about on RT). We have central banks raising rates for the first time in decades. We have Tech stocks now doing far worse than they were just a year ago. And -- Yanis does touch on this -- we have also seen China systematically destroy its Tech industry in favor of more materially-productive enterprises. So -- maybe it's just a short-term hiccup, but -- my feeling is that the winds are now blowing differently. More towards fiscal policy and away from monetary (i.e., government spending), more towards industrial policy, and more towards old 20th century type enterprises. I could be wrong though.

TimJRobinson 5y ago
Ray Dalios new book "Changing World Order" gives a good overview of how this crazy money printing / QE is the end game of a governments monetary policy before their demise. People think it can keep going forever before it collapses. Most people don't realize because the last time this happened was before our lifetimes.
antifa 5y ago
> we have also seen China systematically destroy its Tech industry in favor of more materially-productive enterprises. Could you elaborate more on China destroying it's tech industry? My understanding would suggest it's better phrased as the US is destroying it's tech industry by doubling-down on unproductive enterprises. Too much of our tech industry is focused on building walled gardens and inventing new ways to be a middle-man or nickel and dime people. China is actually taking a strong stance against the current wild west of getting children addicted to gambling with microtransactions.
- FooBarBizBazz 5y ago
  I meant "Tech" with a capital T -- analogues of Facebook, Netflix, and so on -- not real physical competencies like being able to fab a chip or make a high-temperature jet turbine. So I think we're in agreement. For a reference, here's a Bloomberg article: https://archive.ph/dyhKM https://archive.ph/dyhKM

TimJRobinson 5y ago

Ray Dalios new book "Changing World Order" gives a good overview of how this crazy money printing / QE is the end game of a governments monetary policy before their demise. People think it can keep going forever before it collapses. Most people don't realize because the last time this happened was before our lifetimes.

antifa 5y ago

> we have also seen China systematically destroy its Tech industry in favor of more materially-productive enterprises. Could you elaborate more on China destroying it's tech industry? My understanding would suggest it's better phrased as the US is destroying it's tech industry by doubling-down on unproductive enterprises. Too much of our tech industry is focused on building walled gardens and inventing new ways to be a middle-man or nickel and dime people. China is actually taking a strong stance against the current wild west of getting children addicted to gambling with microtransactions.

FooBarBizBazz 5y ago
I meant "Tech" with a capital T -- analogues of Facebook, Netflix, and so on -- not real physical competencies like being able to fab a chip or make a high-temperature jet turbine. So I think we're in agreement. For a reference, here's a Bloomberg article: https://archive.ph/dyhKM https://archive.ph/dyhKM