"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.

  • lemmyreader@lemmy.mlEnglish
    3·
    2 months ago

    When I saw the title WTF Happened In 1971? I thought of January 1st, 1970 the well-known and recurring date in the computer world,(Ken Thompson, UNIX and so on). And I kinda hoped this would be about how the mass production of computers and its use worldwide had introduced the first step of a collapse of planet Earth. But no, looking at the HN comments it appears to be about Nixon, money, economy and the USA.