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Khemith t1_irbun66 wrote

Reply to comment by Airowird in Belarus Leader Bans Price Rises to Tackle Inflation by AlxIp

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https://en.wikipedia.org/wiki/Nixon_shock

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Bangemkikkoks t1_irbxj7a wrote

>The Nixon Shock has been widely considered to be a political success, but an economic failure in bringing on the 1973–1975 recession, the stagflation of the 1970s, and the instability of floating currencies. The dollar plunged by a third during the 1970s.

From your own damn link oh wise one

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Airowird t1_irc4w04 wrote

I was about to quote the same damn thing.

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Khemith t1_ircpekn wrote

If you haven't noticed capitalism cannot be saved regulation. IT WORKED, but capitalism keeps rolling on into the gutter.

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