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by JumpCrisscross
525 days ago
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> the US government, for example, funded a war in the 1960s by simply printing dollars and not making a good effort to collect the same amount in revenue. This provoked currency market crises that led to suspension in dollar convertibility We also did this in the Revolution [1] and Civil War [2]. > how any of this connects to the rise in the two-earner household. Prices went up, women enter the workforce to compensate, but demand for labor was stangnent? Why do you suppose labour demand was stagnant? [1] https://en.wikipedia.org/wiki/Greenback_(1860s_money) [2] https://www.amrevmuseum.org/collection/continental-currency-... |
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