
The Dig: Private Money with Stefan Eich
Jacobin Radio
00:00
The Crisis of Stag Flation
It took until 19 58 for breton woods to become operational in the first place. Nixon's treasury secretary famously quips that, the dollar might be our currency, but it's your problem. Wt, what was the crisis of stag flation that exploded in the 19 seventies? And how did it report a size money? Well, it's the crisis m of the breton wiot system. Predates stag flation. It goes back to a fundamental design flaw that characteriser from the very beginning.
Play episode from 35:05
Transcript


