The Dollar Is a Stable Source of Value

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The dollar had become a kind of defacto world money after war war two. International ou no banking community, as they sometimes called it, was interested making sure that the dollar continued to play this role. They thought that inflation at home would undermine the value of the dollar and therefore lead to countries starting to use other currencies instead of the dollar.

Inflation is once again at the center of political debate. Dan interviews Tim Barker to put monetary policy in its historical and class war context. Reading: Preferred Shares by Tim Barker phenomenalworld.org/analysis/wage-share email digradiopod@gmail.com for PDFs of the following two articles: The Vietnam War and the Political Economy of Full Employment by Dean Baker, Robert Pollin and Elizabeth Zahrt Class Conflict and the "Natural Rate of Unemployment" by Robert Pollin Support The Dig at Patreon.com/TheDig...and join The Dig's brand new Discord!