Which came first: the failed ideology or the spiking mortality rates? https://www.emptywheel.net/2017/03/23/which-came-first-the-failed-ideology-or-the-spiking-mortality-rates/ …
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Yes & no. I've looked at lots of data since 1970, & it seems to be more like rearranging chairs on the Titanic than prosperity.
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We sold ourselves a bil of goods in fighting Communism. creating a whole body of thought on economics which is probably bogus.
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I love taknig the broad view, and your question is totally spot on.
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In short, we may be settling back into our "natural" ecoomic "slump"
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Npw, if you were to ask cliometriciam
@MarthaOlney about US economic growth, she'd prolly tell you it averaged ~1.6% throughoutThanks. Twitter will use this to make your timeline better. UndoUndo
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Other energy prices were similarly deregulated, w/ predictable resultpic.twitter.com/QUKwonnzWa
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After the 2nd Arab oil boycott, here's what deregulation did to oil prices, for instance:pic.twitter.com/qCkk4T2Kp9
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Other things happened. Most importantly, the 2nd Arab oil boycott & Iran hostage crisis, which were watershed moments
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