Re:Charts about Wealth Inequality in America
by crdoconnor on Saturday July 08, 2017 @12:28PM
(#14725965)
Not true. When the oil crisis hit in the 70s for example, inflation spiked. OPEC wasn't a monetary phenomenon.
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Re:Charts about Wealth Inequality in America
by thehardsphere on Monday July 10, 2017 @02:04PM
(#14738252)
OPEC did not cause the inflation, nor did the increasing price of oil. During the same period, the US fully abandoned the gold standard and the Federal Reserve pursued a policy of loose money. Here's a brief history:
http://www.investopedia.com/articles/economics/09/1970s-grea...