Disrupting Taxes and Reigniting the American Dream with Thomas J Cryan (WiM539)
The "What is Money?" Show
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The Nixon Shock and Economic Inequality
This chapter explores the transformative economic changes initiated by the Nixon Shock in 1971, marking the end of the gold standard and the rise of fiat currency. It discusses how these shifts have led to increased wealth disparity, government debt, and the complexities of the current tax system, including the challenges of progressive taxation. The conversation also revisits historical taxation issues rooted in the founding principles of the United States, reflecting on the ongoing implications of these themes for modern economic policy.
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