Quote:
Originally Posted by The Demon
You do realize that this monetary and fiscal mismanagement started after we got off the Gold Standard the final time in 1971 right? This is when the government expanded their currency via printing press, people started living beyond their means, and we moved from a manufacturing economy to a service economy. The housing and financial bubbles were just a tip of the iceberg. We were fucked inevitably.
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Actually, moving from a manufacturing economy to a service economy was the real mistake and, admittedly, both political parties share the blame for that.
Absent that
huge mistake, genuine prosperity would have been infinitely easier to maintain and those other things you mention would either not have occurred or have been of little to no consequence.