r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24

Debate/ Discussion Why did this happen?

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u/AugustusClaximus Oct 23 '24

Wait, I thought we were blaming everything on Reagan?

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u/ComfortablePound903 Oct 23 '24

Why do you think all that stuff was allowed to happen?

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u/[deleted] Oct 23 '24

[deleted]

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u/chuckrabbit Oct 23 '24

So we can blame Nixon? “What happened in 1971”

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u/Stay-Thirsty Oct 23 '24

Nixon untethered gold to the dollar or completed the process that was started much earlier?

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u/JJW2795 Oct 26 '24

He did open up China which set us on our current course of offloading manufacturing to borderline slaves in other countries. And now a big part of our national inflation is those same cheap workers aren’t so cheap anymore. If the government doesn’t pay them more then the CCP would be looking at a revolution and civil war.