@smellsofbikes @DrRGST Yep, found the Reagan blamer.
Try Nixon: https://social.sdf.org/@mjgardner/112245785714516770
@[email protected] @[email protected] Please note that before anyone blames #Reagan, that graph started to diverge and get shaky in the *early* 1970s. The apotheosis of #Keynes’ #economics was 1971’s #Nixon Shock; after that a brief reactionary blip into #Friedman’s #monetarism as the decade ended. We’ve been living with the worst of both worlds since the mid-80s as central planners try to ride herd on the #inflation of floating fiat currencies.