How the dollar gold peg became unsustainable.
In 1945 US gold holdings = $20.1 bn v. $ reserves outside US of $4.2bn
1972 $10.5bn in US gold holdings v $61.3bn in dollar reserves.
From a classic 1973 essay by Richard N. Cooper in @ForeignPolicy archive.
digital.olivesoftware.com/olive/APA/Fore… https://t.co/oIgm1ki0gd
More circumstantial evidence for the effect of a sudden pop in markups on the current inflationary surge. @SoberLook thedailyshot.com/2022/06/28/bus… https://t.co/HBcYTT0gXM
More circumstantial evidence for the effect of a sudden pop in markups on the current inflationary surge. @SoberLook thedailyshot.com/2022/06/28/bus… https://t.co/HBcYTT0gXM