Possibly the final nail in the coffin of the gold/silver standards (Aug '71)? I’m not at all saying that we should have stayed on a commodity standard for currency, but switching that completely off without also having sufficient protections for financial shenanigans seems like it would create exactly the kind of increase in inequalities shown.
Possibly the final nail in the coffin of the gold/silver standards (Aug '71)? I’m not at all saying that we should have stayed on a commodity standard for currency, but switching that completely off without also having sufficient protections for financial shenanigans seems like it would create exactly the kind of increase in inequalities shown.
https://youtu.be/iRzr1QU6K1o