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Inflation Paranoia Not Based In Reality

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In this Majority Report clip, Sam Seder talks with Stephanie Kelton about how worried we should be about inflation.We need your help to keep providing free videos! Support the Majority Report's video content by going to http://www.Patreon.com/MajorityReport Watch the Majority Report live M–F at 12 p.m. EST at youtube.com/samseder or listen via daily podcast at http://Majority.FM Download our FREE app: http://majorityapp.com SUPPORT the show by becoming a member: http://jointhemajorityreport.com LIKE us on Facebook: http://facebook.com/MajorityReport FOLLOW us on Twitter: http://twitter.com/MajorityFM SUBSCRIBE to us on YouTube: http://youtube.com/SamSeder Read more here: https://www.thenation.com/article/the... "In early 2013, Congress entered a death struggle—or a debt struggle, if you will—over the future of the US economy. A spate of old tax cuts and spending programs were due to expire almost simultaneously, and Congress couldn’t agree on a budget, nor on how much the government could borrow to keep its engines running. Cue the predictable partisan chaos: House Republicans were staunchly opposed to raising the debt ceiling without corresponding cuts to spending, and Democrats, while plenty weary of running up debt, too, wouldn’t sign on to the Republicans’ proposed austerity.In the absence of political consensus, and with time running out, a curious solution bubbled up from the depths of the economic blogosphere. What if the Treasury minted a $1 trillion coin, deposited it in the government’s account at the Federal Reserve, and continued on with business as usual? The workaround was technically authorized by an obscure law that applies to commemorative platinum coins, and it didn’t require congressional approval, so the GOP couldn’t get in the way. What’s more, the cash would not be circulated, so it wouldn’t cause inflation."

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rush spurt upsurge upswing upturn bad times bankruptcy bear market big trouble bottom out bust crash crisis dislocation downturn drop failure hard times inactivity overproduction panic paralysis rainy days recession retrenchment sag slide slowness slump stagflation stagnation unemployment circumlocution delicacy floridness grandiloquence pomposity pretense purism accumulation appreciation depression euphemism insanity depression lunacy madness mania neurosis phobia craziness delusions psychosis sick mind derangement disturbed mind emotional disorder emotional instability loss of mind maladjustment mental disease mental disorder mental sickness nervous breakdown nervous disorder neurotic disorder paranoia personality disorder psychopathy schizophrenia troubled mind unbalanced mind unsoundness of mind mental illness Paranoia no more nix nay not not at all not either never neither NOT placed planted based occupying positioned posted stationed allocated allotted arranged deposited fixed 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world basis conclusion core crux determination essence fiber final decision fundamentals income key point last word loss main idea main point main thing meat and potatoes name of the game net nitty-gritty nuts and bolts point profit sum and substance what it's all about whole story consequence foregone conclusion inevitable result sure thing surety accomplishment act action adventure ballgame big idea bit byplay cause commission crusade enterprise exploit feat follow through game happenin' performance plan quest securing stunt thing tour de force winning clout drift effectiveness efficacy efficiency enforcement execution force implementation import imprint influence mark meaning power purport purpose sense significance strength tenor use vigor weight bottom line certainty effect Reality bulk mass more max childhood underage minority secondary prime estate maturity manhood full age ripe age adolescence adulthood boyhood dotage elderliness girlhood infancy life lifetime majority middle 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command control direction domination dominion empire execution executive governance guidance influence jurisdiction law ministry patronage political practice power powers-that-be predominance presidency regency regime regimentation regulation restraint rule sovereignty state superintendence superiority supervision supremacy sway the feds union art of the possible government poli-sci political theory realpolitik statesmanship administration predominanc brownnose cajole fall all over gratify lay it on massage play the game play up to please politic satisfy snow soap soften up stroke suck up to diplomacy political science pander communism Maoism Leninism Bolshevism Fabianism Marxism collectivism rule of the proletariat socialism state ownership totalitarianism Socialism free orderly popular common equal just liberal left-wing leftist right radical comrade sympathizer red Marxist pinko Commie apparatchik Bolshevist Trotskyite Bolshevik Maoist Stalinist C.P. member Castroite Leninist Viet 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country club socialist fascist hollywood leftist moonbat Trump2016 leeway utility wealth profit avail favor asset boon choice gain hold mastery aid help lead support comfort good return power break odds edge luck leg-up harm hurt injury last lack loss debt stop block waste outdo exceed excel defeat fail lose beat best better button down button up can clinch cob complete cover crest crown do to a T eclipse finish outshine outstrip pass put the lid on surmount surpass top top it off transcend trump wrap up abash annoy baffle balk bother checkmate confound demoralize discompose disconcert discountenance disturb embarrass faze fluster foil irk outwit overcome perplex perturb prevent rattle ruffle take aback thwart unsettle upset vex worry worst alarum array ballyhoo demonstration display flourish hullabaloo panoply parade pomp shine show trumpet call bauble glass hardware jewel jewelry masterpiece nonpareil ornament paragon pearl pick prize rock sparkler stone apotheosis archetype beau ideal beauty champ champion crackerjack cream criterion cynosure epitome essence exemplar gem ideal love lovely model nonesuch original paradigm pattern peach perfection prototype quintessence standard sublimation tops ultimate cap go beyond go one better improve upon outdistance outgo outmatch outpace outperform outrank outrival outrun outstep outweigh override overshadow overstep put to shame rank tower tower above discomfit fanfare Trumps Trump 2016 trumptrain trump train Trump Train Trump train track line convoy set chain course file row scale court tail suite run string sequel trail wake tier thread column order individual educate develop study tutor qualify equip teach improve coach shape mold hone inure tame sharpen ground season update rear prime school harden drill guide dry run warm up wise up ignore learn forget focus head incline beam level slant point direct cast turn lay cock line up zero in take address angle aspire attempt concentrate contemplate covet design endeavor essay fix intend mean plan propose purpose set one's sights on sight steer strive target train try want wish zero in on zoom in breed cultivate discipline feed form foster nourish nurture provide for support band camel train campers cavalcade expedition procession safari troop aim bestow deposit diffuse distribute radiate scatter shed spatter spray spread sprinkle strew ask cross-examine examine grill inquire interrogate query quiz array march-past promenade review spectacle bring up caravan catechize Train trains Trump Rally meet remission weakening recovery revival renewal comeback restore arouse waken rouse reform revive charge whet convene urge fire wake kindle awaken muster gather refresh summon collect renew marshal surge bestir regroup damage calm ruin weaken hurt bore dull kill dampen divide halt stop lose enliven recover improve perk up pick up brace up shape up worsen agitate alert animate call challenge electrify fire up foment foster goad heat up incite inflame instigate 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injury last lack loss debt stop block waste outdo exceed excel defeat fail lose beat best better button down button up can clinch cob complete cover crest crown do to a T eclipse finish outshine outstrip pass put the lid on surmount surpass top top it off transcend trump wrap up abash annoy baffle balk bother checkmate confound demoralize discompose disconcert discountenance disturb embarrass faze fluster foil irk outwit overcome perplex perturb prevent rattle ruffle take aback thwart unsettle upset vex worry worst alarum array ballyhoo demonstration display flourish hullabaloo panoply parade pomp shine show trumpet call bauble glass hardware jewel jewelry masterpiece nonpareil ornament paragon pearl pick prize rock sparkler stone apotheosis archetype beau ideal beauty champ champion crackerjack cream criterion cynosure epitome essence exemplar gem ideal love lovely model nonesuch original paradigm pattern peach perfection prototype quintessence standard sublimation tops ultimate cap go beyond go one better improve upon outdistance outgo outmatch outpace outperform outrank outrival outrun outstep outweigh override overshadow overstep put to shame rank tower tower above discomfit fanfare Trumps Trump radical rebel heckler beat bohemian demonstrator dropout flower child hippie iconoclast maverick nonconformist peacenik protester agitator dissenter heretic misbeliever recusant schismatic schismatist sectary separatist guerrilla instigator malcontent rabble-rouser revolutionist troublemaker activist belligerent combatant fighter objector partisan rioter warrior beatnik different breed dissentient dissident eccentric fish out of water freak individualist liberal night person oddball offbeat original swinger weirdo picketer striker firebrand militant picket protesters Protester awesome stunning shocking bad poor amazing astounding bewildering breathtaking extraordinary impressive marvelous miraculous spectacular staggering startling striking stupefying stupendous 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repartee talkfest tête-à-tête ventilation visit yak elocution emphasis enunciation inflection intonation modulation pronunciation article descant disquisition essay gabfest huddle lecture memoir monograph monologue oration rhetoric thesis tractate treatise verbalization declamation dramatic eloquence oratory public speaking reading speechcraft speechmaking voice culture voice production behavior discourse Trump Supporter Trump supporters Trump-supporter trump supporters ally brace enemy adherent advocate angel apologist backbone backer benefactor champion cohort comforter confederate coworker defender disciple endorser espouser exponent expounder fan follower friend helper mainstay maintainer partisan patron pillar preserver prop proponent satellite second sponsor stalwart stay subscriber supporter sustainer tower of strength upholder well-wisher accessory accomplice co-conspirator cooperator partner in crime beau believer booster boyfriend buff bug cat devotee enthusiast fancier fiend freak girlfriend groupie hound junkie lover nut rooter suitor swain sweetheart wooer worshiper apostle attorney campaigner counsel lawyer pleader promoter proposer speaker spokesperson abettor adjutant aide-de-camp assistant attendant coadjutant coadjutor crew crewman deputy lieutenant adjunct aide appointee apprentice associate auxiliary backup collaborator colleague companion fellow worker flunky gofer help helpmate mate partner peon representative right-hand person secretary subordinate temp temporary worker support admirer aid Donald Trump Donald trump Donald donald stephanie Stephanie nice friendly careing loving smart sexy beautiful funny perfect lovable soul mate graceful hottie pretty lucky hot sorority girl sweet stunning love other half steph stephy stiff lol stepho stef steff steffo sophisticated bitch classy kelton Kelton current stylish novel present latest now recent fresh last word late modish prevalent today contempo neoteric with-it future old past passe chichi clean dap dapper dashing elegant exclusive faddish latest thing mod modern natty sharp smart swank trendy voguish accepted accustomed afoot circulating common knowledge customary cutting-edge doing existent extant fad fashionable general going around hot in circulation in progress in the mainstream in the news in use in vogue instant leading-edge on front burner ongoing popular present-day prevailing rampant regnant rife ruling state-of-the-art swinging topical up-to-date widespread avant-garde bohemian boss contemporary cool deep excellent fabulous fantastic groovy hip hippie modernistic neat nifty offbeat out in left field out of this world rad radical sensational strange super swell ultamodern unconventional unorthodox very unconventional way-out weird wild wonderful a go-go all the rage chic faddy favored fly genteel in style in-thing new newfangled rakish trendsetting up-to-the-minute upscale usual well-liked with it à la mode beginning brand-new comer crisp crude different gleaming glistening green hot off the press immature just out mint natural newborn original raw sparkling the latest this season's unprocessed unseasoned untouched unusual virginal what's happening young youthful advanced cutting edge innovative pioneering revolutionary visionary far-out futuristic Modern fiscal cash pocket across the counter bartering commissary economic exchange financial for sale in demand in the market market marketable mercantile merchandising monetary pecuniary popular profit-making profitable retail retailing saleable sales supplying trade trading wholesale wholesaling Wall Street exploited for profit investment materialistic mercenary money-making profitmaking venal bread-and-butter budgetary commercial industrial material productive remunerative solvent viable banking budgeting business numbers numeric code concept thesis system scheme method premise idea plan outlook shot hunch surmise guess basis theorem dogma base stab feeling grounds suppose fact truth proof acceptance accepting assuming belief conjecture expectation fancy hypothesis inference posit postulate postulation presumption presupposition shot in the dark sneaking suspicion supposal supposition suspicion theorization theory antecedent assumption authority axiom backbone background backing bedrock cause center chief ingredient core crux data dictum essence essential evidence explanation footing fundamental hard fact heart infrastructure justification keynote keystone law nexus nucleus principal element principle reason root rudiment sanction security source substratum support underpinning warrant admission assent assurance avowal certainty conclusion confidence conviction credence credit deduction divination faith hope impression intuition judgment knowledge mind mindset notion opinion persuasion position profession reliance thinking trust understanding view credo creed doctrine gospel gospel truth ideology precept say-so tenet abstraction apprehension approach big idea brain wave brainchild conceit conception conceptualization consideration fool notion image intellection perception slant thought twist wrinkle guesstimate guesswork perhaps stab in the dark theorizing Theory MMT hike rise boom spread buildup boost decrease reduction shrinkage deflation accession accretion addition agglomeration aggrandizement aggregation amassment augmentation build-up chunk collecting collection conglomeration enlargement gob growth heap hoarding hunk increase inflation intensification mass multiplication pile quantity stack stock store trove upping enhancement gain improvement amplification beefing up development enrichment expansion extension fleshing out heightening increment magnification raise reinforcement strengthening swelling advance jump prosperousness push rush spurt upsurge upswing upturn bad times bankruptcy bear market big trouble bottom out bust crash crisis dislocation downturn drop failure hard times inactivity overproduction panic paralysis rainy days recession retrenchment sag slide slowness slump stagflation stagnation unemployment circumlocution delicacy floridness grandiloquence pomposity pretense purism accumulation appreciation depression euphemism monetary policy code theory scheme rule program plan action method polity custom course design line tenet order disorganization administering agency application authority charge command conduct conducting control directing direction dispensation disposition distribution enforcement execution governing government guidance handling jurisdiction legislation organization overseeing oversight performance policy power provision regulation running strategy superintendence supervision surveillance care carrying on channels intendance leadership management manipulation posture red tape regimen tactics transaction treatment wielding advancement chain consecution continuity development flow furtherance manner march movement procedure progression row sequel sequence series string succession system unfolding way attitude canon ceremony character convention conventionalism customariness dictates established way etiquette fashion folkways form formality inheritence matter of course mode mold mores observance observation pattern practice praxis precedent precept rite routine second nature style taste type unwritten law unwritten rule usage use vogue advantage advantageousness advisability appositeness aptness benefit convenience desirability effectiveness efficiency fitness helpfulness judiciousness meetness opportunism opportunity practicality pragmatism profitability profitableness properness propitiousness propriety prudence rightness suitability usefulness utilitarianism utility announcement notice platform proclamation promulgation public notice statement of belief administration expediency manifesto Policy business finance dealing dealings economics exchange industry marketing merchandising merchantry retailing trade traffic truck wholesaling accounts banking commerce financial affairs investment money money management Economics layoff cutback thrift care caution parcity increase raise addition spending neglect abstemiousness asceticism chasteness chastity continence determination economy prudence puritanism self-denial self-discipline sobriety stoicism strictness temperance baldness bareness dourness plainness primitiveness rusticism severity simplicity spareness spartanism starkness unadornment conciseness concision condensation crispness curtness ephemerality impermanence pithiness pointedness succinctness terseness transience transitoriness attention cherishing conservancy conserving control custody directing governing guardianship guarding keeping maintenance management managing preserval preserving protecting protection safeguarding safekeeping salvation saving stewardship storage supervising supervision sustentation upkeep decrease decrement downsize fall lessening lowering reduction abatement belt-tightening curtailment decline reversal austerity brevity conservation cut Economy power ministry union state rule politics law regime control empire guidance sway regency polity command dominion the feds anarchy chaos coup mutiny revolt Uncle Sam Washington authority bureaucracy direction domination execution executive governance influence jurisdiction patronage political practice powers-that-be predominance presidency regimentation regulation restraint sovereignty statecraft superintendence superiority supervision supremacy government the fed The Fed satisfy bolster nourish supply provide give deliver sustain stuff fuel find fill cram dine support feast gorge banquet fatten foster regale cater nurse hand nurture furnish stock victual fast ignore fail take hold keep hurt starve P. 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Sherlock Holmes agent analyst bird dog bloodhound bull constable cop dick eavesdropper eye fed fink flatfoot gumshoe informer nark peeper plainclothes officer police officer private eye private investigator prosecutor reporter roper scout sergeant shadow shamus shoofly sleuth slewfoot snoop spy tail arm of the law badge bear beat cop black and white blue bluecoat bobby constabulary copper corps detective force gendarme heat law law enforcement narc patrol boy scout county mounty fuzz man officers oink patrolman pig police finest officer patrolwoman peace officer policewoman policeman feds Fed F'ed Federal Reserve federal reserve combined leagued communal civil ethnic domestic internal social public royal general state sweeping home imperial native inland politic societal local urban mutual civic popular city country free common open unified linked allied cognate one conjoint pooled agreed banded lined up tied in unitary divided separated separate amalgamated associated corporate federal federated in alliance incorporated organized syndicated unionized countrywide government civic governmental interstate nationwide political sovereign vernacular widespread accessible conjunct free to all government intermutual metropolitan municipal national not private open-door universal unrestricted without charge affiliated assembled coadunate collective concerted concordant confederated congruent conjugate conjunctive consolidated cooperative homogeneous hooked up in accord in cahoots integrated joined up like-minded of one mind of the same opinion plugged in unanimous undivided confederate united Federal plant wealth fund capital stock assets cache stash savings backlog drop hoard store debt warmth modesty demureness caution diffidence taciturnity reluctance repression formality restraint shyness reticence inhibition coyness suppression reservation constraint quietness aloofness coldness calmness silence boldness nothing freedom defer retain save delay have duck hold possess lay up put off put by use hurt spend waste give offer secure engage book lose ace up one's sleeve card up one's sleeve decisive argument decisive resource reserve secret advantage secret weapon sure advantage trump card allot allow appoint apportion assign budget devote disburse earmark set apart abetting accessory adjuvant ancillary appurtenant backup complementary contributory extra secondary spare subordinate subservient subsidiary supporting accomplice adjutant ally assistant associate companion confederate crutch partner supporter coffer countinghouse credit union depository exchequer investment firm repository reservoir safe stockpile storehouse thrift treasury trust company vault bespeak bill charter enroll enter hire line up make reservation order organize pencil in preengage procure program schedule set up sew up ace in the hole appropriate auxiliary bank Reserve salary wage wealth pay bill cash payment fund capital property check wad gold dough treasure finances gravy funds bankroll coin chips silver bread riches roll loot bucks coinage banknote specie pesos debt advocate ally angel benefactor champion endorser follower grubstaker meal ticket money patron promoter protagonist sponsor staker underwriter well-wisher IRA business estate financing fortune interests investment kitty means nest egg principal resources savings stake stock substance ways and means wherewithal change chicken feed copper currency doubloon jack legal tender meter money mintage piece scratch small change circular copy document form information printed matter questionnaire accounts banking commerce economics financial affairs money management Santa Claus backer banker bankroller broker businessperson capitalist entrepreneur fat cat manipulator merchant money lender moneybags operator rich person speculator stockbroker tycoon usurer enclosure finance financier Money cash notes dough wad cabbage roll bread moolah bills specie dinero coins coinage bank note buck certificate currency dollar greenback long green skin banknote bullion chicken feed coin funds green stuff investment legal tender lot mazumah note payment pledge principal ready assets refund remuneration reserve resources riches savings scratch security skins stock supply treasure wampum wherewithal markers play money apportionment dissemination spread transmission change chips copper doubloon gold jack meter money mintage money piece silver small change ace bill clam cucumber folding money one-spot single circulation Currency
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