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. Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/ 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 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1 RSS Feed: https://feeds.simplecast.com/MLdpYXYI 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 SOCIAL Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ TikTok: https://www.tiktok.com/@breedlove22?lang=en All My Current Work: https://linktr.ee/breedlove22​ WRITTEN WORK Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTE Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528 The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSES Worldclass Bitcoin Financial Services: https://nydig.com/ Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217 Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/ Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/ Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22 Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack