3 ms·
i have the impression, that abandondonment of the gold standard did create a kind of corrupting mindset, that goes as follows "if we can manipulate he CPI, so t
by MichaelMoser123 5y ago
i have the impression, that abandondonment of the gold standard did create a kind of corrupting mindset, that goes as follows "if we can manipulate he CPI, so that it appears that there is no inflation, if we can create money out of nothing with tricks like quantitave easing, then we can do anything". This mindsets creates a kind of collusion between the establishment and the media. This collusion protects the consensus from further questioning - a kind of feeback loop sets in. (but that may not be true either, there was plenty of hypocrisy when the gold standard was in effect)