Why does the state have a monopoly on money?

Re:Why does the state have a monopoly on money? by hasty_pudding on Tuesday February 20, 2024 @06:10AM (#39439930)

Leaving the gold standard has been a disaster for the working class (i.e. anyone who has to work for a living)

https://wtfhappenedin1971.com/

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Re:Why does the state have a monopoly on money? by temppppp on Tuesday February 20, 2024 @07:36AM (#39440484)

Try again. Reaganomics and government interference to destroy the labor movement did significantly more damage. Bailing out failed corporations instead of the people they cheated did significantly more damage. Hell, irregular trade policy when there is a fragile supply chain has done more damage to working class people in the us. The working class, by design, was/is too cash poor to give a crap about what cash was based on.

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Re:Why does the state have a monopoly on money? by hasty_pudding on Tuesday February 20, 2024 @01:20PM (#39444738)

Did you see the link I posted? The decline began well before Reagan, although Im sure Reagan didnt help.

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Re:Why does the state have a monopoly on money? by orwin on Wednesday February 21, 2024 @03:51AM (#39451553)

Why take 71 and not 73? The graph are pretty bad, but it seems to me takin 1973 would be a more accurate date?

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Re:Why does the state have a monopoly on money? by hasty_pudding on Thursday February 22, 2024 @04:32AM (#39464989)

Doesnt change a thing. Learn to infer.

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Re:Why does the state have a monopoly on money? by orwin on Thursday February 22, 2024 @07:20AM (#39466064)

So deviation from the gold standard started the first world oil crisis?

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