"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

(kinda) A great website to share if you have no idea how to explain the downfall of the US economy.

Edit: Thanks to everyone who provided insight on this website. I’ve had this in my bookmarks for a very long time and was curious how it held up.

    • oo1@kbin.social
      2·
      7 months ago

      I dunno i read all those graphs and think.
      Well there was a lot of banking deregulation from 1971 onwards?
      Let’s give that bank regulation idea another shot maybe - it can’t do worse.

      . . .but then i also think - good on china for that one child policy.

      I’m just not getting anywhere near the Hayeck conclusion from the same data.

      • Prunebutt@slrpnk.net
        4·
        7 months ago

        The take that the homepage is trying to sell you, hinted at by the Hayek quote.

        This homepage is usually posted by right wing libertarians.

    • RestrictedAccount@lemmy.world
      22·
      7 months ago

      What take? It is just a bunch of graphs.

      This may be the first time I’ve seen anybody say that facts have a libertarian bias.

      That is not the way I read the data.

      I see the boomers hitting the labor market and people with capital getting rich off the depressed price of labor.

      • Prunebutt@slrpnk.net
        4·
        7 months ago

        It’s a common homepage linked by libertarians in an argument.

        Also: read the Hayek quote at the end. This homepage tries to sell youesomething and it an’t graphs.

    • reddig33@lemmy.world
      12·
      7 months ago

      I’m not a libertarian, but something did go awry around that time. You can see it when you watch reruns of game shows like the price is right. Automobile prices double after a year, and then keep doubling.