@mangeurdenuage @bartholin @kaia Very lame when they go to such effort to collect data but don't provide any historical background.
TL;DR: https://en.wikipedia.org/wiki/Nixon_shock including a return to much greater government control over the economy (which "Biden" is now speedrunning).
But he inherited a terrible hand, see for example the 1960s demonetization of silver.
And Watergate was used as an excuse for many bad things from ending a president's ability to just not spend money and removing many prior constraints on appropriations. Today all internal constraints are gone with the complicity of the GOPe.