4 ms·

by the way this fits well with this. https://cointelegraph.com/magazine/2020/09/24/wtf-happened-in-1971 https://cointelegraph.com/magazine/2020/09/24/wtf-happe

• jaybrendansmith 5y ago
  Correlation != Causation. There are many reasons for this that have very little to do with the Gold Standard. I would suggest that technology itself has caused much if not most of this, as has the destruction of Unions, deregulation, and yes government corruption. But I've yet to hear a plausible explanation for how the Gold Standard somehow maintained wages in line with GDP. The only somewhat plausible reason I see here is that a free currency encouraged a move to assets, which protected the rich against inflation somewhat better than the rest.
  • _rebocador_ 5y ago
    my first comment has a plausible explanation.