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You understand the economy better than economists do

March 04, 2025
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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when<00:00:00.199> you<00:00:00.399> watch<00:00:00.680> the<00:00:01.160> economics<00:00:01.640> analysis<00:00:02.000> on

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when you watch the economics analysis on

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when you watch the economics analysis on the<00:00:02.200> news<00:00:02.720> it's<00:00:02.879> so<00:00:03.560> difficult<00:00:03.679> to<00:00:04.120> understand

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the news it's so difficult to understand

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the news it's so difficult to understand we've<00:00:05.120> kind<00:00:05.319> of<00:00:05.560> like<00:00:05.839> punished<00:00:06.279> people<00:00:06.560> we've

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we've kind of like punished people we've

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we've kind of like punished people we've told<00:00:06.919> them<00:00:07.080> like<00:00:07.279> you<00:00:07.480> are<00:00:07.640> not<00:00:07.799> allowed<00:00:08.120> to

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told them like you are not allowed to

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told them like you are not allowed to have<00:00:08.400> opinions<00:00:08.960> on<00:00:09.080> the<00:00:09.240> economy<00:00:09.840> because<00:00:10.040> you

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have opinions on the economy because you

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have opinions on the economy because you can't<00:00:10.400> do<00:00:10.559> math<00:00:10.840> and<00:00:10.960> you're<00:00:11.080> stupid<00:00:11.759> this<00:00:11.880> is

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can't do math and you're stupid this is

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can't do math and you're stupid this is why<00:00:12.320> people<00:00:12.519> feel<00:00:12.759> like<00:00:12.920> they<00:00:13.080> can't<00:00:13.559> have

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why people feel like they can't have

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why people feel like they can't have opinions<00:00:14.080> on<00:00:14.240> the<00:00:14.360> economy<00:00:14.719> and<00:00:14.839> you<00:00:14.920> know

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opinions on the economy and you know

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opinions on the economy and you know this<00:00:15.160> is<00:00:15.360> I<00:00:15.480> think<00:00:16.000> one<00:00:16.160> of<00:00:16.279> the<00:00:16.440> things<00:00:16.800> which

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this is I think one of the things which

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this is I think one of the things which I<00:00:17.439> would<00:00:17.640> like<00:00:17.840> to<00:00:18.199> achieve<00:00:19.199> is<00:00:19.600> making<00:00:20.039> people

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I would like to achieve is making people

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I would like to achieve is making people feel<00:00:21.600> like<00:00:21.880> empowered<00:00:22.600> like<00:00:22.800> they<00:00:22.920> have<00:00:23.119> the

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feel like empowered like they have the

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feel like empowered like they have the right<00:00:24.080> to<00:00:24.400> speak<00:00:24.720> about<00:00:24.920> the<00:00:25.080> economy<00:00:25.480> and<00:00:25.599> be

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right to speak about the economy and be

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right to speak about the economy and be listened<00:00:26.080> to<00:00:26.760> and<00:00:27.519> Ordinary<00:00:27.960> People<00:00:28.160> to<00:00:28.279> have

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listened to and Ordinary People to have

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listened to and Ordinary People to have the<00:00:28.519> right<00:00:28.679> to<00:00:28.960> say<00:00:30.039> it's<00:00:30.359> it's<00:00:30.519> getting<00:00:30.759> worse

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the right to say it's it's getting worse

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the right to say it's it's getting worse for<00:00:31.160> me<00:00:31.279> and<00:00:31.400> my<00:00:31.560> family<00:00:32.399> I<00:00:32.480> think<00:00:32.680> people

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for me and my family I think people

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for me and my family I think people often<00:00:33.200> think<00:00:33.440> that<00:00:33.559> I<00:00:33.719> hate<00:00:34.239> bankers<00:00:34.840> and<00:00:35.000> rich

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often think that I hate bankers and rich

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often think that I hate bankers and rich people<00:00:36.280> but<00:00:36.600> um<00:00:37.160> I<00:00:37.280> don't<00:00:38.040> if<00:00:38.120> there's<00:00:38.280> a<00:00:38.360> group

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people but um I don't if there's a group

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people but um I don't if there's a group of<00:00:38.640> people<00:00:38.800> that<00:00:38.920> I<00:00:39.000> can't<00:00:39.160> stand<00:00:39.399> it's<00:00:39.600> these

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of people that I can't stand it's these

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of people that I can't stand it's these economists<00:00:40.719> driving<00:00:41.079> up<00:00:42.079> wall<00:00:42.719> and<00:00:42.840> you<00:00:42.960> know

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economists driving up wall and you know

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economists driving up wall and you know economics<00:00:43.600> is<00:00:43.719> not<00:00:43.840> a<00:00:43.960> physical<00:00:44.320> science

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economics is not a physical science

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economics is not a physical science there's<00:00:44.879> no<00:00:45.000> way<00:00:45.120> for<00:00:45.239> me<00:00:45.360> to<00:00:45.559> go<00:00:46.160> and<00:00:46.280> do<00:00:46.440> an

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there's no way for me to go and do an

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there's no way for me to go and do an experiment<00:00:47.440> and<00:00:47.559> say<00:00:47.840> here<00:00:48.079> let's<00:00:48.480> let's<00:00:48.640> run

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experiment and say here let's let's run

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experiment and say here let's let's run the<00:00:49.000> co<00:00:49.280> economy<00:00:49.719> again<00:00:50.399> but<00:00:50.559> with<00:00:50.719> taxation

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the co economy again but with taxation

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the co economy again but with taxation on<00:00:51.280> the<00:00:51.399> rich<00:00:51.920> and<00:00:52.039> show<00:00:52.320> how<00:00:52.480> living

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on the rich and show how living

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on the rich and show how living standards<00:00:53.120> do<00:00:53.359> better<00:00:53.520> we<00:00:53.600> can't<00:00:53.760> do<00:00:53.960> that

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standards do better we can't do that

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standards do better we can't do that physical<00:00:54.680> experiment<00:00:55.120> all<00:00:55.239> we<00:00:55.359> can<00:00:55.480> do<00:00:55.600> is

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physical experiment all we can do is

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physical experiment all we can do is predict<00:00:56.640> and<00:00:56.920> that<00:00:57.039> is<00:00:57.199> why<00:00:57.440> Banks<00:00:58.000> pay

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predict and that is why Banks pay

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predict and that is why Banks pay millions<00:00:58.680> of<00:00:58.800> pounds<00:00:59.000> a<00:00:59.120> year<00:00:59.239> to<00:00:59.320> good

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millions of pounds a year to good

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millions of pounds a year to good predictors<00:01:00.199> because<00:01:00.440> that's<00:01:00.640> the<00:01:00.800> best<00:01:01.039> way

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predictors because that's the best way

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predictors because that's the best way to<00:01:01.600> tell<00:01:01.760> who<00:01:01.879> is<00:01:01.960> a<00:01:02.079> good<00:01:02.199> Economist<00:01:02.760> because

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to tell who is a good Economist because

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to tell who is a good Economist because we<00:01:03.000> can't<00:01:03.120> do<00:01:03.280> physical<00:01:03.640> experiments<00:01:04.519> and<00:01:04.640> it

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we can't do physical experiments and it

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we can't do physical experiments and it drives<00:01:05.080> me<00:01:05.320> mad<00:01:05.920> that<00:01:06.080> these<00:01:06.240> economists<00:01:06.680> who

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drives me mad that these economists who

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drives me mad that these economists who make<00:01:07.240> policy<00:01:07.960> and<00:01:08.159> protect<00:01:08.600> policy<00:01:08.960> that

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make policy and protect policy that

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make policy and protect policy that protects<00:01:09.520> them<00:01:09.880> and<00:01:10.119> their<00:01:10.360> class<00:01:10.720> and<00:01:10.840> the

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protects them and their class and the

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protects them and their class and the rich<00:01:12.080> don't<00:01:12.400> even<00:01:12.759> accept<00:01:13.759> when<00:01:13.960> somebody

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rich don't even accept when somebody

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rich don't even accept when somebody consistently<00:01:15.000> out<00:01:15.200> predicts<00:01:15.560> them<00:01:15.799> they

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consistently out predicts them they

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consistently out predicts them they won't<00:01:16.159> even<00:01:16.280> listen<00:01:16.479> to<00:01:16.640> them<00:01:17.080> it<00:01:17.200> drives<00:01:17.479> me

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won't even listen to them it drives me

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won't even listen to them it drives me mad