WTF Happened In 1971?
wtfhappenedin1971.com
"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." - F.A. Hayek 1984
  • MothmanDelorian@lemmy.worldEnglish
    5·
    3 days ago

    Why is this here? This is a bullshit website started by a crank that appeals to people who do not understand or have not formally studied economics in the last 40 years or so.

    1971 is not a specifically unique economic period unless you pick and choose data to make it appear so.

  • superkret@feddit.orgEnglish
    3·
    3 days ago

    The Soviet Union seriously threatened the US in military and economic power, as well as influence on other nations.
    The second nation on the American continent had just become communist.
    So everything even resembling leftism was seen as a threat. America took a hard turn to the right and towards our current model of “line must go up for the rich”.

          • superkret@feddit.orgEnglish
            5·
            3 days ago

            True. My first comment was a bit over the top, written from the point of view of US conservatives.

            Quote by Kissinger:

            “I don’t see why we need to stand by and watch a country go communist due to the irresponsibility of its people. The issues are much too important for the Chilean voters to be left to decide for themselves.”