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Traded productivity for debt through the Financialization of our economy.
One could argue the root is 1913.
Tabby is more kind and lets it fall on LBJ going all in for guns And butter.
Certainly Nixon put a dagger in us in 1973 with the destruction of Bretton Woods.
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"The primary contribution of government to this world is to elicit, entrench, enable, and finally to codify the most destructive aspects of the human personality."
Jeffrey Tucker
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