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

In this episode of the podcast, we talk about the government's overspending and taxes, the housing crisis, and the lack of development in our natural resources. We also discuss the proposed pipeline projects in Canada and whether or not they should be built.

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

Can You Figure Out What He's Saying？

Episode Stats

Summary

Transcript