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…
"When Nixon devalued the US dollar and detached it from the Gold Standard in August 1971, this first of all neoliberal policy decisions was, as Morris Berman points out, “the *result* of globalisation”, of the cumulative changes brought about by the resumption of the internationalisation of capital after 1945."
https://isj.org.uk/the-neoliberal-era-in-britain-historical-developments-and-current-perspectives/
The world economy has experienced four systemic crises since the emergence of capitalism as a global system; the years 1873, 1929, 1973 marked the commencement of the first three. As Gérard Duménil and Dominique Lévy write: “Each of these earthquakes… Continue Reading →
(Andreas Bulling) has moved