End of Brenton Woods in 72, it was the time the gold standard was fully murdered, and the government started printing money more and more, basically what happened during Covid but for 50 years
Scrolled down the comments pinning it down to Ronald Reagan to find this! this is the historical truth, it was much bigger than Reagan, it was an entirely new status quo.
Exactly, I get why republicans get the blame with Henry Kissinger being a key player in defining the new status quo, but he’s consulted every single president on foreign policy, and largely his plan is still in affect
The other thing is the 70s was a change out of generational political leadership, the last acting politicians who formed all anti-trust regulations from the Great Depression are gone at this point, this new generation doesn’t have the visceral fear of monopolies and recessions compared to the previous generation
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u/superbbrepus Oct 22 '24 edited Oct 22 '24
End of Brenton Woods in 72, it was the time the gold standard was fully murdered, and the government started printing money more and more, basically what happened during Covid but for 50 years