Money, Coercion, and Government Policy with Noam Chomsky (WiM127)
The "What is Money?" Show
00:00
The Limitation of Liability for Government
I studied mesis a lot, but i hadn't heard about that, so i look into it. My question is, isn't ahuntinghaf the story? Suppose the bridge remains, then everybody benefits from the bridge, right? So yes, your take yor risk, but there's a benefit associated with it. Understood, question would be, isn't printing currency, or a monopoly on currency production? Ill say, effectively a form of limited liability for government, because they can now spend and incur debts at at their leisure and indiscretion,. And then externalize the cost of that spending and debt accumulation via inflation.
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