In Capitalism, Debt, Dollar Hegemony, Economic crisis, Inflation, Michael Hudson, Radhika Desai, Recession, Video presentation

Geopolitical Economy, Radhika Desai, Michael Hudson

The dollar system’s contradictions after de-linking from gold, with Radhika Desai & Michael Hudson

Economists Radhika Desai and Michael Hudson discuss the evolution of the US dollar system after it was taken off the gold standard in 1971.

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US taxpayers foot the bill because government facilitated high-risk investments.