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#069 - Joe Bryan - How the Government Bankrupted Society

The Peter McCormack Show

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The Shift from Gold to Fiat: Understanding Modern Inflation

This chapter explores the profound consequences of abandoning the gold standard in 1971, emphasizing how this transition to a fiat monetary system has altered society's perception of money. It discusses the intricacies of inflation, highlighting its hidden impacts on everyday citizens and the disconnect from historical monetary practices. Through analogies and comparisons, the chapter illustrates the complexities of inflation as a mechanism of wealth distribution and the economic implications of an increasing money supply.

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