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A lot happened around that time: Technology and automation really started taking off, sending productivity way up. Global shipping costs plummeted, giving way t
by PragmaticPulp 5y ago
A lot happened around that time: Technology and automation really started taking off, sending productivity way up. Global shipping costs plummeted, giving way to a new era of international trade. The first personal computers started entering the market. Trade relations with China opened up around that time. Households started moving from single-earner to dual-income.
It was a time of rapid change. That particular website is usually used to suggest that the only thing that changed was the gold standard, but it's been debunked and refuted all across the internet.
- deevolution 5y agoStills begs the question... why would we see inflation when all of those trends are deflationary? Can't possibly be because the fed is printing money out of thin air..