this post was submitted on 28 Apr 2024
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A Boring Dystopia

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WTF Happened In 1971? (wtfhappenedin1971.com)
submitted 6 months ago* (last edited 6 months ago) by jaxiiruff@lemmy.zip to c/aboringdystopia@lemmy.world
 

(kinda) A great website to share if you have no idea how to explain the downfall of the US economy.

Edit: Thanks to everyone who provided insight on this website. I've had this in my bookmarks for a very long time and was curious how it held up.

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[–] reddig33@lemmy.world -1 points 6 months ago (1 children)

I’m not a libertarian, but something did go awry around that time. You can see it when you watch reruns of game shows like the price is right. Automobile prices double after a year, and then keep doubling.

[–] Blue_Morpho@lemmy.world 15 points 6 months ago* (last edited 6 months ago) (1 children)

Automobile prices double after a year, and then keep doubling.

??? I'm going to use a Dodge Dart as my basis because a 70 Dart was my family car.

1970 Original MSRP $2,261

1972 Original MSRP $2,528

https://www.jdpower.com/cars/1970/dodge/dart-swinger/2-door-hardtop

That's 7% annual inflation, not 100%.

[–] protist@mander.xyz 5 points 6 months ago

A base 2013 Dart was $16K MSRP. At that rate it doubled once every 13 years or so from 1970...certainly not every year like dudebro said