dtcwee: The Value of Nothing

In 1940, 8.6 percent of women with children 18 and under were in the U.S. labor force.  Then America joined World War 2, and around six million women joined the civilian workforce.  Women may have saved the day during WWII, but when the war ended, things quickly changed. Soldiers were returning home and they needed jobs to help them get back on their feet and reacclimatize to civilian life. The managers who had previously begged women to help out were now forcing them back into their kitchens to free up jobs for men. By 1948, the percentage of women in the U.S. workforce dipped to 32.7 percent, according to the U.S. Department of Labor, this despite a poll taken in the last few years of the war that suggested between 61 to 85 percent of women wanted to remain in their jobs when the war was over.  Why? 

It is tempting to assume that a weaker dollar💵 is to blame for inflation. All of this speaks to the problem with inflation today. Few know what it is. It’s currency devaluation , which means there’s no inflation fight to speak of. Just don’t devalue, but if you’re devaluing, stop. Reverse course. Inflation will cease.  After all, the causal narrative is very compelling: weaker dollar, imports get dearer, bam, inflation. It's also attractive because having currency in our arsenal means we can fear inflation less. Reality is more complex, with more actors.