"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." - F.A. Hayek 1984

(kinda) A great website to share if you have no idea how to explain the downfall of the US economy.

Edit: Thanks to everyone who provided insight on this website. I’ve had this in my bookmarks for a very long time and was curious how it held up.

  • shortwavesurferEnglish
    98·
    8 months ago

    Nixon depagged the dollar from gold and ruined the United States for ever more.

    • Blue_Morpho@lemmy.world
      7·
      8 months ago

      China is #1 and Russia is #3 in global gold production.

      Could you imagine the US being able to support Taiwan and Ukraine if China and Russia had complete control of the US monetary supply?

      • shortwavesurferEnglish
        221·
        8 months ago

        The US doesn’t need to be supporting Taiwan, Ukraine. The US needs to be supporting the US. Let Taiwan and Ukraine support themselves.

        • Blue_Morpho@lemmy.world
          3·
          8 months ago

          Supporting Ukraine is supporting the US.

          And even if the US wasn’t involved, China and Russia, by controlling the gold supply, would still have complete control over the US economy.

        • orrk@lemmy.world
          2·
          8 months ago

          ok there, Mr. Chamberlain, you know what happened to every isolationist nation throughout history… right?