News for hackers. Stuff that matters.
Re:The Bad Economics of Wtfhappenedin1971 by friend_and_foe on Saturday January 27, 2024 @01:59AM (#39153313)
So I've perused that site a number of times, trying to understand the correlations. It's obvious many of them are tenuous at best. But at it's core the concept is sound, and particularly the economy focused graphs show a strong causal correlation to the breaking of the Breton Woods agreement. Wages not keeping up with inflation and the cantillion effect are both well studied and there is plenty of empirical data on them. The social ones, I don't know, maybe some in some way or other but many of them are obvious bias or just red arrows showing no obvious change in trend at all. If we could get data in tables and not just jpg format we could do a lot more with it and see what there is there.

There are no comments on this comment yet.