Unify Action - Can You Figure Out What He's Saying？

00:00:00.000 So what's your opinion on the government's overspending?

00:00:03.060 Do you think they should cut back their spending?

00:00:06.720 I guess my view is along the lines of modern monetary theory,

00:00:10.680 which says that government spending is inflationary and taxation is de-inflationary.

00:00:15.820 And that means that basically the debt isn't a huge problem as long as it's not causing inflation.

00:00:21.320 So governments can sustain very large debts as long as it's not inflationary spending.

00:00:26.140 So, I mean, when we see inflation in the economy, then the government should increase taxation or spend less.

00:00:32.000 Okay. So, which would you rather have our government do?

00:00:35.480 Should they cut back spending so that the debt doesn't increase, or should they increase taxation?

00:00:42.300 I mean, like, the premise of my response is that that's a false dichotomy, basically.

00:00:47.960 that the government should cut back spending if it's causing inflation

00:00:52.840 or it should raise taxes if it's causing inflation,

00:00:56.540 but actually running a balanced debt isn't necessary, or deficit isn't necessary.

00:01:01.540 Governments can issue their own currency, right?

00:01:03.880 And so any debt that it doesn't have to run, a balanced budget,

00:01:08.120 because in theory it could print money, right?

00:01:12.400 And it would be inflationary,

00:01:14.380 but the government has other de-inflationary tools like taxation, right?

00:01:17.960 Right. So like you can print money and then if you're causing inflation, you can tax it back.

00:01:23.380 Right. And to keep the balance, to keep the, you know, to, you know, run whatever kind of deficit you want.

00:01:30.120 Yeah. But do you think overtaxation, though, is bad for the economy?

00:01:34.160 I mean, the premise of your question implies that it's bad by saying overtaxation.

00:01:38.560 So, yes, I do think that overtaxation is bad for the economy.

00:01:41.680 economy okay yeah and um so like one of the questions that i ask students um what like

00:01:48.860 asking this question on this topic they bring up the housing market and just the lack of development

00:01:54.680 in our natural resources and stuff like that um so i want i'm interested to get your opinion on it

00:02:00.060 would you be okay with more pipelines in canada to get our oil yeah i mean i think that the you

00:02:08.240 know that you can develop the resources and you know I don't see the problem with that I mean

00:02:15.740 as long as it's you know what the market wants right like I mean I think that it's hard to say

00:02:21.460 whether it's cheaper and more efficient to run pipelines through like northern Ontario than the

00:02:26.620 pipeline network that all exists through the states just down and through there so I mean

00:02:29.940 some of the pipeline projects I don't think make a lot of like fiscal sense but I I would support

00:02:35.440 ones that do have backing from industry and whatever yeah so do you think it would be good

00:02:40.220 for the liberal government to repeal the no pipelines act which basically kind of restricts

00:02:46.280 the building of pipelines in canada i mean i think yeah like i mean i'm not sure the exact

00:02:52.980 this exact bill but i do think that if there's a demand for oil in places and you want to fill

00:02:59.460 that demand, yeah.

Unify Action - June 18, 2025