The "What is Money?" Show cover image

Money, Coercion, and Government Policy with Noam Chomsky (WiM127)

The "What is Money?" Show

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Is Paper Money a Good Idea?

The entire concept is very anti human freedom. The idea that someone knows what's best for you better than you know yourself as an adult. I mean, this seems to contradict the very principles of democracy itself. Democracy was considered as a danger. You read hamilton madison others, they're quite, quite open about it. It goes beyond what i just said. One of the reasons actually had to do with inflation. A big debates during the constitutional convention was whether states could issue paper money. O the that would have led to inflation was going on. The population wanted it. During the revolution, the population suffered badly. Country was much worse off after the victory than before. Meanwhile,

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