← All Claims

The end of the gold standard in the 1970s removed fiscal discipline, allowing a culture to develop where governments believed they could run budget deficits with no consequences.

causalpending

Speaker

Ruchir Sharma

Evidence Quote

“some people B it to the fact that you had the end of the gold standards so the discipline went away and then this culture sort of crept in which is that you can run budget deficits and there are no consequences to it”

Source

The real impact of growing budget deficits - Ruchir Sharma— Norges Bank Investment Management
Created: 8/11/2026, 8:01:53 AM

My Notes

Loading notes...