Money, Coercion, and Government Policy with Noam Chomsky (WiM127)
The "What is Money?" Show
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The Roll of Gold or Going Off the Gold Standard?
Going off the gold standard effectively unrestrained government deficit spending. It allows governments to effectively not be accountable to citizens, or to be less accountable,. and that they can just print money infinitum to fund these policy decisions. Andn it funds the bail out economy you're describing as well. So what is the roll of gold or going off the goldstandard over the past 50 years? It strangles the options for government to do the things it has to do. But the question is, once you free up the options, what does government with tem on?
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