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> Economic models, Keynesian or otherwise, are attacked and misapplied because individual players are better off with a larger slice of a smaller pie. As if go
by olalonde 4y ago
> Economic models, Keynesian or otherwise, are attacked and misapplied because individual players are better off with a larger slice of a smaller pie.
As if going off the gold standard reduced wealth inequality. https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/
- Retric 4y agoYou can make every individual better off while increasing wealth inequality. Just imagine how bad wealth inequality would get if you doubled everyone’s lifespan.
- olalonde 4y ago> You can make every individual better off while increasing wealth inequality. Absolutely. I guess I misread you? I thought you were blaming sound money for wealth inequality.
- zajio1am 4y agoThe era between 1945 and 1971 was not based on gold standard, but it was Bretton Woods system, that worked in a significantly different way from both era before (traditional gold standard) and era after (floating currencies).
- mrep 4y agoIs that a joke website or are they actually trying to tie the end of Breton woods to the quadrupling of lawyers per capita since 1971? The number of people who drown in a pool strongly correlates with how many films Nicolas Cage has appeared in [0] but that doesn't make it a causation. [0]: https://www.tylervigen.com/spurious-correlations https://www.tylervigen.com/spurious-correlations