2min chapter

The "What is Money?" Show cover image

An Examination of Central Banking with Joseph Wang (WiM234)

The "What is Money?" Show

CHAPTER

Is There a Constraint on Government?

Historically, if your government was being oppressive or irresponsible in monetary policy, you could take your gold and leave. But post 1971, then have governments just thrown off that constraint? Is that what's happened? I think we're going into a world where maybe people have less confidence in government. Maybe one manifestation of that is higher inflation.

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