The Barter Theory is Bogus - Gold Value Isn't Objective? | Amagi #22

A listener wrote in with several questions about MMT and content Nima and Dylan have gone over in previous episodes.

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Are Austrian economists wrong? Is it right to reject empirical data? They may be safe-haven assets, but do gold & silver have objection value? Even if central banks AREN'T engaged in unprecedented counterfeiting operations, can we honestly say that there is no asset bubble time bomb on the economic precipice? Can inflation occur before full employment? What comes first? Governments or free markets? Is corporate debt what has zombified entire countries, or is it austerity?

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