A Boring Dystopia

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WTF Happened In 1971? (wtfhappenedin1971.com)

submitted 7 months ago* (last edited 7 months ago) by jaxiiruff to c/[email protected]

39 comments fedilink hide all child comments

(kinda) A great website to share if you have no idea how to explain the downfall of the US economy.

Edit: Thanks to everyone who provided insight on this website. I've had this in my bookmarks for a very long time and was curious how it held up.

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[–] [email protected] 3 points 7 months ago (1 children)

I dunno i read all those graphs and think.
Well there was a lot of banking deregulation from 1971 onwards?
Let's give that bank regulation idea another shot maybe - it can't do worse.

. . .but then i also think - good on china for that one child policy.

I'm just not getting anywhere near the Hayeck conclusion from the same data.

[–] [email protected] 8 points 7 months ago (2 children)

The take that the homepage is trying to sell you, hinted at by the Hayek quote.

This homepage is usually posted by right wing libertarians.

[–] [email protected] 7 points 7 months ago

The US Libertarian Party was founded in 1971. Not saying there's a causative link...

[–] [email protected] 0 points 7 months ago (1 children)

Wow, they're dumber than I thought if they think this makes their point.

Although then again, their general ideals have swayed the more mainstream of many large western governments and international financial institutions for 40-50 years.
So there must be something to this tactic of making a hotch-potch of random graphs.

[–] [email protected] 2 points 7 months ago

because the average statistical literacy is somewhere below the ability to point out Kirghistan?