Effect of 1971 on us economy

WEF Happened In 1971?

Growth in productivity and hourly compensation since 1948

Real GDP, Real Wages and Trade Policies in the US (1947–2014)

Income gains widely shared in early postwar decades -but not since then

Income Growth from 1917–2012

US bureau Economic Analysis

“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