Zim >And the labor force participation rate has not been
this bad since the Carter 'stagflation' presidency.
Remember +18% inflation and mid 20's% home interest loan rates ?
Of course we do. Directly caused by Richard Muhamad Nixon's communist regime (unConstitutional wage and price controls - pure communist).
It was NIXON who took us off the gold standard, which resulted in MASSIVE printing of fiat money under Nixon and Carter - the direct and ONLY CAUSE OF INFLATION. He knew it - and that is why the misdirection of 'wage and price controls' was instituted - to direct US away from the REAL cause of inflation - THE FEDERAL RESERVE BOARD PRINTING OF MONEY. He succeeded beyond belief.
Source: Mises on Inflation - simple, direct, and correct.

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