4 ms·
For starters, US dollar was taken off gold standard in 1971, which unlocks printing money and the corresponding inflation and unnatural wealth reallocation. Th
by hamstergene 4y ago
For starters, US dollar was taken off gold standard in 1971, which unlocks printing money and the corresponding inflation and unnatural wealth reallocation.
There many theories in other comments that essentially boil down to “it was no one’s fault”, but I’d first like to see the data for other countries, particularly those not too interdependent with US.