UltragigagiganticSomebody do something. Somebody?
BeatTakeshi
WTF Happened In 1971?
https://inflationdata.com/articles/2022/08/10/u-s-cumulative-inflation-since-1913/ "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." - F.A. Hayek…
Clay_pidginWhat’s the answer?
Possibly the final nail in the coffin of the gold/silver standards (Aug '71)? I'm not at all saying that we should have stayed on a commodity standard for currency, but switching that completely off without also having sufficient protections for financial shenanigans seems like it would create exactly the kind of increase in inequalities shown.
