What happened here?

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[–] 8 points 2 years ago* (5 children)
  • [–] 14 points 2 years ago (2 children)
  • [–] 12 points 2 years ago

    That was my answer too! Gold itself isn't better than fiat, but it's definitely true that the end of Bretton Woods facilitates the export of finance capital because they can literally just keep printing more money, which is exactly what happened.

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  • [–] 10 points 2 years ago

    That was a piece of the whole pegging the entire planet to the dollar and ensuring global dollar hegemony, but it was just another effect of that and not the cause of what's seen in the graph, right? Either way the ditching the gold standard is not what conspiracy-chuds and many libertarians think it is.

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