1950's? try the early 80's....thank trickle down economics and Ronnie R...it's the main reason corporations became the real rulers of the world
Corporations don't have the power to print unlimited amounts of money out of thin air by simply pressing a button devaluing the currency and your overall net worth on everything.
I'm old enough to remember drinking Coke from glass bottles, instead of this cheap plastic crap. And everything was still "Made in America"
What happened? Costs went through the roof and "evil corporations" had to cut back... On everything just to compete.
Why did that happen? Because everything got too expensive.
Why did everything get so expensive?
Because money isn't worth shit anymore.
I mean, think outside the box. Imagine explaining all this to someone OUTSIDE of "their" rigged corrupt system which you have been conditioned to believe as "normal" and break it down step by step.
It's not "normal". It's a giant scam designed to enrich themselves (the wealthy and powerful elite) at the expense of everyone else.
You can blame "Reagan" or whomever, but every other country with a central bank suffers from the same desease.
It's a RIGGED system.
The current Fed is our third central bank, and there's a very good reason why the first two were scrapped.
People were wiser back then.