The Cultural Upheaval of Loose Money | Jeffrey A. TuckerYouTubeMay. 06, 2010 |
'Woke' Google Fires 28 Employees Who Protested Gaza Genocide
Report: Blinken Sitting On Staff Recommendations to Sanction Israeli Military Units Linked to Killings or Rapes
America Last: House Bill Provides $26B for Israel, $61B for Ukraine and Zero to Secure U.S. Border
The Guardian on Papua New Guinea Cannibalism: People Were Eaten 'Out of Respect'
Bari Weiss' Free Speech Martyr Uri Berliner Wants FBI and Police to Spy on Pro-Palestine Activists
This is my second favorite video I've seen of Jeffery Tucker who runs the Mises Institute, in this video he explains what money is, its history and its significance. He also talks about what happens when money 'no longer makes the world go round' because its value collapses. He talks of the Weimar republic and how while the government was running the printing press the economy was booming and price inflation was just a few percent a year, at the time no one really noticed it was a problem. Yet overnight basically the people realized their money was worthless and their currency suffered hyperinflation, their country collapsed, and next up they're under Hitler and invading sovereign nations for the glory of the fatherland. This video is extremely enlightening (and terrifying). - Chris Presented by Jeffrey Tucker at "The Inflationary Path to Despotism," the Mises Circle in Phoenix, Arizona, 10 April 2010. Sponsored by James M. Rodney. Includes an introduction by Douglas E. French. |