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How does your anti-regulation theory explain that until the 70s wages and productive increased together, afterwards wages have stayed flat with all gains going
by guelo 11y ago
How does your anti-regulation theory explain that until the 70s wages and productive increased together, afterwards wages have stayed flat with all gains going to shareholders. Is the idea that after the Reagan revolution regulation has increased significantly?
- yummyfajitas 11y agoIn terms of page count, a quick google search suggests federal regulations dropped under Reagan, then rose ever since then. https://1.bp.blogspot.com/-0MCZ3FJXJJs/UA7zeOEIanI/AAAAAAAAFl8/N6z1g6k5XS0/s1600/number-pages-regulations-added-to-federal-register-each-year-1936-2012-projected.png https://1.bp.blogspot.com/-0MCZ3FJXJJs/UA7zeOEIanI/AAAAAAAAF...
- ctdonath 11y agoGold standard ended in 70's. Government could just declare money into existence, which was distributed into banking and drifted into the "easy money" of stocks.