INFLATION: WTF happened in 1971??

INFLATION: WTF happened in 1971??

🥲
Convertion from dollar to gold ended.
Google "gold standard". For bonus points, google "Bretton Woods", which led to the break from the gold standard.
Google "gold standard". For bonus points, google "Bretton Woods", which led to the break from the gold standard.
Printer Season.
When the Fed adds another 0 to the balance sheet:

The graph shows a sharp increase in the Consumer Price Index (CPI) from 1971, when the United States abandoned the gold standard (the Nixon shock). Without gold backing, money could be printed freely, contributing to global inflation and rising prices. This highlights the weaknesses of fiat currencies, which have been tested for over 50 years. Bitcoin is growing as an alternative, not tied to gold, but to a structure that governments cannot control.
Moderate inflation is a sign of a healthy economy. Trust me, bro.