[Verse 1] Nineteen seventy-three arrived like thunder Nixon's dollar promise torn asunder Gold window closed, the anchor severed Bretton Woods system broken forever Prices climbing, wages chasing shadows Currency floating where the wind goes [Chorus] When the golden anchor broke Everything went up in smoke Fixed exchange became a joke Inflation's wheel began to spoke Seventy-three, the great divide Economic rules cast aside [Verse 2] Oil embargo struck in October's chill OPEC's power flexed its will Energy costs quadrupled overnight Manufacturing margins lost their bite Stagflation's puzzle plagued the land Jobs and prices slipped from command [Chorus] When the golden anchor broke Everything went up in smoke Fixed exchange became a joke Inflation's wheel began to spoke Seventy-three, the great divide Economic rules cast aside [Bridge] Canada watched the dollar tumble America's certainty began to crumble Global markets learned to drift Monetary policy faced the shift From stable pegs to credible might Central banks prepared to fight [Verse 3] Persistent price spirals haunted years ahead Policymakers changed what experts said Credibility became the sacred goal Interest rates would play the leading role The golden era's gentle grip released Volatility increased [Chorus] When the golden anchor broke Everything went up in smoke Fixed exchange became a joke Inflation's wheel began to spoke Seventy-three, the great divide Economic rules cast aside [Outro] Regime shift echoed through the decades long The year that changed the economic song
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