Contributors

Friday, October 03, 2014

Increasing Inequality

Check this out...


























So, right around the time regulations started to loosen up in the late 1970s, things seemed to switch quite a bit, didn't they? When the economy grows, Pavlina R. Tcherneva illustrates quite cleary who benefits.

2 comments:

juris imprudent said...

Regulations loosened in the Nixon admin? No, that started late in Carter and throughout the Reagan years, and on the financial end, most aggressively in the Clinton admin. Of course unrepentant lefties that love Obama never really cared that much for Bill.

There was a notable change though in the Nixon years - unpinning the dollar from gold. Oops!

juris imprudent said...

Interesting. I went to your source and she is an advocate of chartalism - that money has value because the state says it does (vice the more common definition of money as a medium of exchange and store of value).

Remember how you talked about how well Bretton-Woods functioned in the post-WWII world. And how Nixon followed Friedman's monetary theory?

And look what has happened since then. Interesting, no? [Too bad you don't want to talk about things that you post.]