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>I don't think anything magical happened in 1971. Rather it was a collection of events that spanned into the 1980s... How can you look at those graphs and not

by dTal 7y ago

>I don't think anything magical happened in 1971. Rather it was a collection of events that spanned into the 1980s... How can you look at those graphs and not see the unmistakable, virtually overnight phase change? There are lines that run together until 1971 and then diverge. There are lines that cross axes in 1971. There are lines than run flat, and then begin a meteoric ascent in 1971. The whole point of putting these graphs together is to show that something sudden happened then.

pgrote 7y ago
>The whole point of putting these graphs together is to show that something sudden happened then. Yes, it appears that way. Not all the graphs show a total change in 1971, but around it. Perhaps what happened was a multifactor process begun in the 60s and finished in the 80s? Cultural as well as financial?
- solotronics 7y ago
  It was a fundamental change to the most basic unit of economy we have (money). This was the date the financial system separated from reality and became based on... nothing!