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There are multiple factors that contribute to economic trends, it's rarely accurate to attribute them to a single cause. The website doesn't really say the reas

by vdfs 3y ago

There are multiple factors that contribute to economic trends, it's rarely accurate to attribute them to a single cause. The website doesn't really say the reason for this trend in 71, gold standard could be a reason or theory. Some of the graphs do start before 1971, the trends in the graphs may have accelerated or become more pronounced after the end of the gold standard.

calgarymicro 3y ago
> The website doesn't really say the reason for this trend in 71, gold standard could be a reason or theory Well, per the site owner[0], the assumption came first, and the poorly fitted graphs came later. > I believe Richard Nixon’s closure of the gold redemption window in 1971 was the largest driving factor in the inflection points you can see in our data. > As I stated previously this is an a priori assumption, as we did not gather the data first and then form a hypothesis based on the correlations. [0]https://wtf1971.com/2023/03/21/reader-qa-why-did-you-create-wtfhappendin1971/ https://wtf1971.com/2023/03/21/reader-qa-why-did-you-create-...