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The synthesist and the radical
The New Bazaar
What Was Going on in the 19 Seventies?
In the 19 seventies you had both high inflation and high unemployment. A lot of it was to do with things like the opeck countries, the oil producing countries deciding that what they wanted to do was just to get more for their buck. And so they decided to crank up, red the amount, really reduced the amount of oil,. which forced the price up. Every single thing is het of insulation and inflation. Money is always and everywhere caused by government.
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