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The decay started earlier than Reagan it's not just the vacuousness of supply-side economics, if you asked me to pick a date, it'd be 1971.
by Aloha 4y ago
The decay started earlier than Reagan it's not just the vacuousness of supply-side economics, if you asked me to pick a date, it'd be 1971.
- w1nst0nsm1th 4y agoMaybe more like 1973 : the first energy crisis.
- Aloha 4y agoI've pondered that, but why did the energy shock kill everything? Prices came down, even with stagflation, things got better.
- anonAndOn 4y agoReagan was warming up for the presidency in his second term as CA governor in '71.[0] [0]https://en.wikipedia.org/wiki/Governorship_of_Ronald_Reagan https://en.wikipedia.org/wiki/Governorship_of_Ronald_Reagan
- Aloha 4y agoThat doesnt explains why its hard to find buildings built newer than 1971 in rural oregon, Oklahoma, or other places.
- TheOtherHobbes 4y agoWhich is the year Bretton Woods ended, and productivity gains began to be captured by speculators instead of being shared with workers. In STEM we've seen huge stagnations in frontier research, breakthrough physics, and academic originality. And the arts are hardly in a healthier state. Financially we're in a 30s-style depression but the media are being careful not to call it out as such. Clearly this is Not Working. An economy that privileges a few hundred billionaires at the expense of everyone else is not prosperous, stable, secure, or capable of real invention.
- davidf18 4y ago