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by somenameforme
42 days ago
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Not just the UK. Happens everywhere, certainly in the US as well. Pair that with governments granting themselves the power to print infinite amount of money and you get all sorts of causal relationships like increasing inequality, wages becoming disconnected from $ measured productivity, and much more. The data here [1] are for the US but I'd expect it's quite similar for the UK as well, since 1971 is when Bretton Woods ended and the beginning of the era of funny money. [1] - https://wtfhappenedin1971.com/ |
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