Is right up there with us. I am asked kaiser this is the kaiser report lets start off with a quote from our board einstein here who once said that compound interest is the 8th wonder of the world he who understands it earns it he who doesnt pays it this is a remarkable quote from my stein and it has so much to do with todays stock market volatility and the coronavirus all working at the same time and showing what compound interest is all about or what exponential. Algorithmic expediency is up yet stacey whats up max were thinking exponentially in this episode a kaiser report during the exponential spread of the pandemic coronavirus were looking at the 2nd half of the chessboard as it is called and i want might want to add that today is my birthday so turning one year older in the midst of exponential pandemic which is hitting the mortality rates go exponential as you get older is not fun to turn a year older in the middle of a pandemic but before we get into the exponential growth of t
A steep. In check out our t. Dot com for more news from around the globe because reporters next were here in Washington National and in the u. K. And ireland it is time for boom bust stay with us. I am asked kaiser this is the kaiser report lets start off with a quote from our einstein here who once said that compound interest is the 8th wonder of the world he who understands it earns it he who doesnt pays it this is a remarkable quote from my stein and it has so much to do with todays stock market volatility and the coronavirus all working at the same time and showing what compound interest is all about or what exponential. Algorithmic expediency is up yet stacy with a max were thinking exponentially in this episode a kaiser report during the exponential spread of the pandemic coronavirus were looking at the 2nd half of the chessboard as it is called and i want might want to add that today is my birthday so turning one year older in the midst of exponential pandemic which is hitting t
A remarkable quote from last time and it has so much to do with todays stock market volatility and the coronavirus all working at the same time and showing what compound interest is all about or what exponential. Algorithmic expediency is up yet stacey whats up max were thinking exponentially in this episode a kaiser report during the exponential spread of the pandemic coronavirus were looking at the 2nd half of the chessboard as it is called and i want might want to add that today is my birthday so turning one year older in the midst of exponential pandemic which is hitting the mortality rates go exponential as you get older is not fun to turn a year older in the middle of a pandemic but before we get into the exponential growth of the pandemic lets look at the results of the exponential growth in debt over the past few decades chis report of course has been reporting on this non stop for the past 10 years and i want to look at these 2 charge is the 30 year treasury and the price of o
Welcome to front running 2020 with max kaiser and stacy are over at a bevy of special guests right here in fabulous hipster brooklyn im feeling it so stacy this episode is all about Student Deaths and the students of course are the millennium goals and generation z. They like the candidates promising to get rid of all the student debts theres 1. 00 trillion dollars in outstanding debt today in america that is up from 300 63000000000. 00 in just 2005 joining us to discuss this dr Michael Hudson professor steve kean and randy roller professor steve kean of course you talk a lot about debt and in fact increase the rate of increase of debt what do you think of that number 363000000000. 00 in outstanding Student Loans in 20051. 6 trillion today doubling every 2 years which is a huge right of growth that simply cant be sustained indefinitely and thats whether by the students themselves coming on board well by the windows its a huge increase in the private debt load on the economy and its fal
Owed to the government so that means that the government could wipe out all the student debt and it wouldnt hurt any creditor at all it could be wiped out without any disruption of the economy and in fact unless its wiped out the economy will be distorted because as steve cain just said if you have to pay a lot of money in student debt you cant afford to get a Bank Mortgage to buy a house of your own and theyre going to end up living with your parents you know awol dr Michael Hudson here according to moodys erasing student debt would be a small stimulus but would it create moral hazard moral however or has it but i wouldnt know what is the morrow if he had worked the moral hazard is if the rich families that can afford to send their kids to School Without an education would no longer be able to lord it over the families that are driven into poverty by student debt. The moral hazard is that there wouldnt be a polarizing economy between an oligarchy at the top and a democracy at the bott