Money, Coercion, and Government Policy with Noam Chomsky (WiM127)

Noam Chomsky joins for me for a conversation on money, government policy, the proper role of coercion in civilization, and the consequences of neoliberalism.

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GUEST
Noam’s Website: http://www.chomsky.info/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 What is Money? And What is the Proper Role of Government in Money?
00:05:30 The Rise of Neoliberalism and Class Warfare
00:12:25 Financialization and the Bailout Economy
00:15:45 The Gold Standard Constrained Government Optionality
00:18:40 “Redlines” Laid Out by the Current US Republican Party
00:24:00 What Options Were Made Available by Abolishing the Gold Standard?
00:27:54 The Role of Inflation in Driving Wealth Disparity
00:33:00 Abolishing the Gold Standard and the Decoupling of Productivity and Wages
00:36:15 Who Bears the Costs of Limited Liability Incorporation?
00:39:30 Libertarian Perspective on Government Intervention and Unemployment
00:44:19 A Monopoly on Money Effectuates Limited Liability for Government?
00:49:30 Neoliberalism and a One-Sided Class War
00:51:35 NYDIG
00:52:43 What is the Proper Role of Coercion in Civilized Society?
00:57:00 The Decrying of Democracy
01:00:43 Do Free Markets Manifests What People Want?
01:04:44 The Integrity of Private Property Rights Prevents Cost Externalization?
01:07:53 The Proper Role of Market and State in Anarcho-Syndicalism
01:10:39 Is Democracy Intrinsic to the Free Market?
01:13:38 The Impact of Government Policy on Entrepreneurship

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