You bring up a couple good points, first being women entering the workforce. Secondly, capital demand (new computing tech) and consumer demand (thanks to more sophisticated advertising) could not be leveraged through a gold standard.
I generally don't like deeply participating in fields that aren't settled and that I don't completely understand, but economics is severely not academic and me following the media for macro or stock advice is akin to stabbing my eye with a fork over and over again. Crypto and gold bugs like Lyn Alden for diff reasons but her detail and openness to teach is very compelling. https://www.lynalden.com/fraying-petrodollar-system/
Lyn took me down the rabbit hole, especially with her petrodollar piece. I will admit I do not understand most of what she puts out. Prior to Lyn, I usually recommended a 25% position in BTC. Lyn convinced me to recommend 50% BTC. About a month ago I caught her on Twitter Spaces admitting she held a very large position in BTC and then shortly after she joined the Board of Directors at Swan Bitcoin. Now I recommend up to 75%. I think she is parting from her gold bug/charlie munger/warren buffet ways. The Doom and Gloomers seem to be embracing her so I am trying to diversify from her.
I'd rather shoot myself in the foot than stab myself in the eye. But yeah, I prefer taking known biases with supporting data over...hand waving of what happened after the fact or relying on public officials who can be gutted months after an election.
Seems like more competition domestically and abroad coupled with new monetary policies plus a sprinkle of the world catching up post ww2. The thing about money.... it matters what you spend it on.
Putting it here as it will get lost in the tariff thread. He doesn't explain everything but enough to paint an overall situation. Can't say I understand the means but the ends isn't totally bad when you consider alternatives.
1971? JFK Jr: Ultra-Processed food (actually, many studies now associate UPF with higher rate of all of physical and mental health issues) Vaccines SSRI
you can't be serious the alternative of no additional tariffs is far better. Trump can claim credit for the good economy (pre-tariff nonsense,) robust job creation revitalized mfg activities in US soft landing, w the prospect of 2 cuts this year leading to a stronger stock market
not just the US, it applied to every one of US's trading partners it amounted to an admission, belatedly, that the age of globlalzation had started. the amount of global commerce conducted had increased to a level that is >1 million times the amount of gold available, rendering the term "backed by gold" meaningless.
I've been talking about this since the Iraq war. The two Opec countries that threatened to move off the dollar were Iraq and Venezuela. This isn't going to work because our leverage isn't as big as it was. China has other markets. This will just cause our ally countries to create trade agreements with each other and skip us all together. The risk is that we aren't going to be the reserve currency and they won't trust anymore.
