Military
The Fat Electrician claims war heroes faded as war-bond drives waned
Modern Wisdom
Forgotten War Heroes Who Changed The World - The Fat Electrician
What was said
"Well, after World War II, we went away from the gold standard. We went away from all this other stuff. We have fractional reserve banking now. So, the US government doesn't need to raise money from people. They can just print more money whenever they feel like it."
The Fat Electrician argues that during the Second World War, many US Medal of Honor recipients were sent on war-bond tours to raise funds. He claims this practice declined after the war because the US could finance spending more easily through modern banking and money creation.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Speaker
- The Fat Electrician · guest
- Programme
- Modern Wisdom
- Episode
- Forgotten War Heroes Who Changed The World - The Fat Electrician
- Clip time
- 3:43
- Original source
- Watch the source segment →
From this episode
Modern Wisdom