For all of you who are as bothered about the axes as I am:

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For all of you who are as bothered about the axes as I am:

Our hero! ❤️
Well, “inchic”, “football field-ic” or “large rock-ic” would be more appropriate than metric.
Sort of…
I don’t understand. It never gives a punchline. Is there an explanation? I assume it’s Nixon leaving the gold standard.
That there is no one explanation is kinda why the site exists, that is the punchline as it were.
The answer you are probably looking for surrounds the fact that Nixon was just as bad a Regan.
There is a reason why Nixon was, for decades (even during the Bush administration) considered one of the worst presidents ever.
A number of things happened in those years. Most relevant might be the energy crisis. https://en.wikipedia.org/wiki/1970s_energy_crisis
1971 saw the end of the Bretton Woods System. That was a system of fixed exchange rates between the major western currencies, that facilitated international trade. Governments guaranteed that they would exchange their own currency for US dollars, while the US guaranteed that it would exchange dollars for gold, but only at the request of other countries. In 1971, the US, under Nixon, ended that guarantee. https://en.wikipedia.org/wiki/Bretton_Woods_system
The Bretton Woods System was created toward the end of WW2 to avoid problems that plagued the world after WW1. It was extremely successful. Some cranks, aka gold bugs, argue for a gold standard. That means that the government should guarantee to sell gold at a certain fixed price. Economically, that is simply insane. These people like to point to 1971. They won't tell you about the Bretton Woods System, though, or how that guarantee was only for foreign governments.
Damn it just keeps going
They use metric? You should upgrade the grapgh to be more US like
some good foot vs some bad pound?
Hambuders
Please fix the horizontal axis label, it should say "time" or "year"
Yeah. Y should be the metric otherwise it's describes a non function.
Everybody hates Nixon but until trump came along, regan was the worst thing ever. Pissing on regans grave was a key phrase.
Crazy how their Thatcher was a bloke and ours was a woman, far from each other in different cultures, yet so alike...
Did we ever see them in the same room? Maybe it was a Mrs Doubtfire situation
The sad thing is that the counter new deal predated Reagan. The heritage foundation was started as a way to get neoliberalism from being a theory and into practice.
What is even sadder is that the original liberalism and new deal policies that brought out the best years of growth and prosperity for everyone in the global north only lasted around 30 years or a little more... neoliberalism will almost hit 46 years soon. It fucking stinks.
Tammany Hall is dissolved in 1967. Heritage is formed in 1973. Something smells the same.
Fox News around the same time
Fox News was founded by someone who supported Nixon's criminality and hated the fact that the media wanted the truth and didn't suck Dick Nixon's dick.
I really need to find some good resources, look into the players in 1960s Tammany Hall and 1970s heritage and fox and the early republican party and see how all the dirty strings tie together. I wish I could remember how to do history research
It keeps the rich happy and boiled the frogs slowly enough.
I how Reagan is burning in hell but he got s lot of help from House Democrats in the 1980s giving him everything he wanted. If they'd oppose him he wouldn't have "achieved" half of what he did.
Neoliberalism was on the rise in both parties. Carter winning on a more conservative platform and then losing because he wasn't hawkish enough really set them on their current path of pursuing the Republicans to the right.
I get your point but that graph labelling is atrocious
Exactly! X should be "time" and Y "metric"
Dw Trump has been reversing it
That would imply he's making things better?