Y’all hear about business cycles? It’s this weird phenomenon that occurs throughout history what is largly ignored, yea quite obvious. From 1817:

… Report to the Committee of the Association for the Relief of the Manufacturing Poor, both identified the cause of economic cycles as overproduction and underconsumption, caused in particular by wealth inequality.

In the early 1900’s:

economist Joseph Schumpeter argued that a Juglar cycle has four stages: Expansion (increase in production and prices, low interest rates) Crisis (stock exchanges crash and multiple bankruptcies of firms occur) Recession (drops in prices and in output, high interest-rates). Recovery (stocks recover because of the fall in prices and incomes)

Arguably, the policies enacted by Nixon and Regard were instrumental in delaying and magnifying the current business cycle.