"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

(kinda) A great website to share if you have no idea how to explain the downfall of the US economy.

Edit: Thanks to everyone who provided insight on this website. I’ve had this in my bookmarks for a very long time and was curious how it held up.

  • oo1@kbin.social
    41·
    7 months ago

    I dunno i read all those graphs and think.
    Well there was a lot of banking deregulation from 1971 onwards?
    Let’s give that bank regulation idea another shot maybe - it can’t do worse.

    . . .but then i also think - good on china for that one child policy.

    I’m just not getting anywhere near the Hayeck conclusion from the same data.

    • Prunebutt@slrpnk.net
      8·
      7 months ago

      The take that the homepage is trying to sell you, hinted at by the Hayek quote.

      This homepage is usually posted by right wing libertarians.

      • oo1@kbin.social
        11·
        7 months ago

        Wow, they’re dumber than I thought if they think this makes their point.

        Although then again, their general ideals have swayed the more mainstream of many large western governments and international financial institutions for 40-50 years.
        So there must be something to this tactic of making a hotch-potch of random graphs.

        • orrk@lemmy.world
          2·
          7 months ago

          because the average statistical literacy is somewhere below the ability to point out Kirghistan?