Actually the real reason is that the early seventies was the time Nixon closed the gold window and the Canadian dollar became a pure fiat currency.
Loss of value of Canadian dollar over the past 100 years. See if you can figure out when the welfare state and socialized medicine kicked in. Far worse than war for destroying currency.pic.twitter.com/aId5mmjVX0
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This graph should be on semi-log paper. You know better.
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How many people can accurately read semi-log?
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The graph is a lie if it's NOT on semi-log paper.
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Not really. It's just a method of portraying data. It doesn't define correctness.
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Now do the US dollar, please
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Fiat money!
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Solution--> Bitcoin
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But the economy has also increased in that same amount of time.
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And this graph is from the great welfare state with socialized medicine known as the United States. Oh wait...pic.twitter.com/MGiamp0vCR
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well that is what happens when you transition from money backed by gold, to credit backed by the national debt notes/bonds.
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