Capitalists will defend this

>inb4 oink oink

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Capitalism and fiat currency are mutually exclusive.

They blame going off the gold standard. Even though no economist would agree with them, and this decline coincides with the slashing of the far left-wing new deal policies the USA had for 40-50 years in the mid 20th century, they always need a retarded, objectively false scapegoat to blame everything on rather than take accountability
>INB4 the links to wuthappenedin1971site that every economist says is bullshit

>capitalists will defend this
No, retards that want open borders and immigration will defend this. Fuck the Hart-Cellar act.

Immigration reform and going off the gold standard

Also the other funny thing about republicans bitching about pulling out of bretton woods is that we were only in bretton woods from 1958 to 1971. But the way they talk about it they try to convince you it was some time honored, immemorial institution that had always been

Uh huh, blame it on poor immigrants, even though every economist universally declares that immigrants raise wages for the average worker.
Say nothing of all the tax cuts, deregulation and shrinking of government and slashing of all the left-wing policies that happened on the bookends of that period of time

Hmmm I wonder what happened in America in between the mid '60s and mid '70s that could have possibly driven down wages.
Also I wasn't aware of the fact that the US wasn't capitalist before the '70s, how did that come to be? A total mystery all around.

Seems like a bad system if it couldn't hast more than 30 years

>shrinking of government
Can you show us some data on this?

Based
unfathomably based

Yea it was an extremely shitty, unsustainable system and that's why the US pulled out of it. But to right-wingers it's something they can point to to blame all our problems on, rather than their own policies, which were put into place starting at that time and persisting up until now

That's graph doesn't include inflation

No. No I can't. DYOR. It's not other people's jobs to "provide you sources" as we're not being paid for it

im gonna decooooooouple

Too many guys here dismiss economics and statistics as pointless nerd shit, but these two graphs do more to illustrate the problems facing the West than any spergy Evola book that no one will read. Seeing the consoomer goods drop in price as the prices of services and goods related to natalism and civilization-building skyrocket is something else.

If you have no money (quality medium of exchange and store of value backed by hard physical matter) everything goes haywire.

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So the 1%?

>Yea it was an extremely shitty, unsustainable system and that's why the US pulled out of it.
Explain please
Well that's a problem. I don't think you should be making statements and not back them up if asked. Don't you have any honor?

reaganomics ruined the world we live in

Chink are working hard for you to coonsom, and big jew state is mega jewing you with education, healthcare, and housing. It's still a good deal overall

>Well that's a problem. I don't think you should be making statements and not back them up if asked. Don't you have any honor?
Sometimes I just have to stop and take a few deep breaths and remember just how mentally disabled the other person on the other end of the internet connection probably is

>Capitalists left the gold standard

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>every economist universally declares that immigrants raise wages for the average worker
How does "listening to establishment propagandists" sound reasonable to you, when you want to understand policies that were brought in by the establishment?
Are you insane? Or just a dishonest shill?

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>Wages get suppressed after government gets more involved in finances, thus stifling capitalistic forces
>"Waaah, look what capitalism did."

If that is the case, and my mental disability is so grave, you will have no problem showing me how wrong i am.

When you raise the supply of labor disproportionately to the demand it lowers the price of labor.

LMAO it's a big grand conspiracy perpetrated by every single person who actually gets an education and learns about economics.
But the dumb uneducated basement dwelling MAGAidiots whose entire view of politics comes down to racism and hatred of foreigners are actually totally brilliant and have all the answers, right?

Tell me about how immigration lowering wages is "simply a matter of supply and demand!" without having a shred of self-awareness of how dumb and immediately contradictory you sound

>It's still a good deal overall
Well, I don't really agree (unless you mean better than living in Ethiopia or something vacuous like that), but I don't think I could fully explain myself without dropping a wall of text.