After 1971 every American dollar is worth less.

After 1971 Foreign cars became preferred. The same for foreign electronics, and foreign furniture. We didn't have to manufacture in America. America was all about financialization. The power shifted from Detroit and Main Street to Wall Street, and that's where the real money was made. The rich got richer through stocks, bonds, and financial derivatives. The middle class lost ground and the poor got trapped in a welfare system. And inflation, it emerged in a huge way. What cost $1 in 1971 costs about $8 today.

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