Economics
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Nixon Shock | The Beginning Of The End
In a bold and controversial move in 1971, U.S. President Richard Nixon instigated what is now known as the “Nixon Shock“ Faced with soaring inflation, Nixon implemented drastic measures including wage and price controls, import surcharges, and ending the U.S. dollar’s gold convertibility. This move effectively dismantled the Bretton Woods system, an international monetary framework…
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Deflationary Effect Of Wealth Concentration
With inflation rising there is going to be more attention on government statistics like the consumer price index CPI. However these metrics don’t fully represent inflation in respect to the devaluation of fiat currency. This article explores the effects of wealth concentration and how it might affect all of our futures. Introduction In recent years…
