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Just a terrific, succinct essay on what happened in ‘71. And if a picture’s worth a thousand words, your graphs are worth one hundred thousand. The trend lines are like rockets after ‘71. The gap between productivity and compensation would dilate the eyes of Thomas Piketty.

Fantastic job...thank you.

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The gap between productivity and compensation would dilate the eyes of Thomas Piketty.

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Once the money is fake, the rest of the economy is doomed to follow.

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