"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." - F.A. Hayek 1984

(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.

  • Krono@lemmy.today
    501·
    7 months ago

    Leftists: its deregulation and reagan and the destruction of labor unions and forever wars and wall street and the death of manufacturing and and and

    Libertarians: “GOLD!”

    • jkrtn
      151·
      7 months ago

      I’m kinda tired of seeing this fucking website being passed around. Several of those rocketing charts begin their launch sequence in the 80s. Must be the gold! Regulations are bad!

      • jkrtn
        15·
        7 months ago

        Libertarians cannot handle the cognitive load of multiple contributing factors, otherwise they wouldn’t be libertarians.

        • orrk@lemmy.world
          3·
          7 months ago

          I had a libertarian try to explain how a corporation couldn’t be evil because fire exists, needless to say, he never got the whole part about an idea not being the same as a rock

          • jkrtn
            2·
            7 months ago

            It is so stupid. I wish they would get a clue.

    • Linkerbaan@lemmy.world
      36·
      7 months ago

      No it’s gold. Money printer goes brr is the root cause of almost all deregulation problems.