Inflationary Pressures in the United States

A fiot currency, fiscal flexibility with the ability to take on sustainable debt are at odds with the basic idea that our wealth as a people should grow hand in hand with the growth of the us. Economy. I know this is true because that's exactly what happened in the united states for almost 50 years. The nixon shocks in the early 19 seventies separated the absolute lock step relationship between wealth growth and economic growth. By the mid 19 nineties, however, it was too conceivable. This was the birth of our insanely financialized world.