See the stickied comment below for an explanation and statement of our purpose, based on simple back-of-the-napkin math
E: if someone could please link this community to r/aspen and r/roaringforkvalley I would greatly appreciate it. I’ve been IP banned by the all powerful AI mod monster, like many folks on Lemmy
Is the split linked to something happening in 1973? Did something change?
EDIT: Wasn’t this roughly the period of stagflation?
Nixonomics babyy
https://wtfhappenedin1971.com/
The dollar was fully decoupled from the gold standard in 1971. I think this is just a slightly delayed reaction to that.
Based on some research I was doing last night, the consumer price index also spiked at around that same exact time, and exponentially took off from there. Years prior it was far more stable. It looked a lot like the graph on this post, but with far less growth before 1973.
I would love to know more about that particular time as well, if anyone has better insight