RE: WTF Happened in 1971?

A lot of people (and I think this is where wtfhappenedin1971.com guys are coming from) think it was the abandonment of the gold standard that screwed us.

I find that an attractive explanation, but I can’t say I’ve really made a study of it. I can say I’ve read a ton of stuff on “Modern Monetary Theory” and it seems like absolute foolishness to me. Madness, actually.

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