3 ms·
Yeah, that makes a lot more sense than the end of the gold standard. Brenton Woods was hardly a real gold standard anyway. The real gold standard was abandoned
by _fizz_buzz_ 2y ago
Yeah, that makes a lot more sense than the end of the gold standard. Brenton Woods was hardly a real gold standard anyway. The real gold standard was abandoned in the 30s (for good reasons).
A lot of these charts also actually do seem to diverge at '73 rather than at '71.
- aredox 2y agoThe rebuttal says most economist (and charts, when you get enough resolution) place the break around 1978-1980
- _fizz_buzz_ 2y agoI can see that. I think it is difficult to actually pin down to an actual year. But definitely a bit after 1971.