A lot of good, valid material here. Although I have only read the summary here, it seems to me that that there are two points that are under-emphasized: first, closing the gold- window in 1971 was actually the key catalyst. That allowed for unlimited money printing (the original, more correct definition of inflation, ie, an increase in the money supply which leads to higher prices); and second, the lack of enforcement of monopoly regulations which permitted the development of super-large predatory businesses.
Americans should ponder how they managed not to have any inflation for 150 years.
They are both evil and very clever. The unthinking mass never wonder why we have inflation.
I have never heard others on public transport think about the why. Instead, it is dogs and the weather - and never chemtrails, except among the band of truthers. Easy meat for predators.
Solid synthesis of how the 1973 breakpoint fractured the productivity-wage relationship. The framing of deflation as "the name that must not be spoken" is sharp becuase it exposes how debt-based systems cant survive falling prices. I've been exploring similar ideas around time-autonomy as the real wealth metric, and the Powell memo connection to Supreme Court appointment timing really underscores the institutional capture narrative.
A lot of good, valid material here. Although I have only read the summary here, it seems to me that that there are two points that are under-emphasized: first, closing the gold- window in 1971 was actually the key catalyst. That allowed for unlimited money printing (the original, more correct definition of inflation, ie, an increase in the money supply which leads to higher prices); and second, the lack of enforcement of monopoly regulations which permitted the development of super-large predatory businesses.
Thank you. Explained with your usual lucidity.
Americans should ponder how they managed not to have any inflation for 150 years.
They are both evil and very clever. The unthinking mass never wonder why we have inflation.
I have never heard others on public transport think about the why. Instead, it is dogs and the weather - and never chemtrails, except among the band of truthers. Easy meat for predators.
Still hoping for the Great Awakening!
Excellent article Franklin - Thank you! Catherine Austin Fitts of Solari is the best on this subject. Easliy found on YT.
Solid synthesis of how the 1973 breakpoint fractured the productivity-wage relationship. The framing of deflation as "the name that must not be spoken" is sharp becuase it exposes how debt-based systems cant survive falling prices. I've been exploring similar ideas around time-autonomy as the real wealth metric, and the Powell memo connection to Supreme Court appointment timing really underscores the institutional capture narrative.
All of 'the west' is screwed the same.
EUROPE
AUSTRALIA