Episode 26: Is Today’s Inflation More Reminiscent of 1970s Inflation or 1940s Inflation? We Present a Contrarian View
Mar 31, 2022
The red-hot inflation story of 2021-2022 is drawing comparisons to inflation of the 1970s, that awful period of low growth, high unemployment, and high inflation — otherwise known as “stagflation.” That comparison may be flawed. Perhaps a better comparison is that time just after WWII.
Here are just a handful of the things that we'll discuss:
- We are indeed experiencing the highest inflation since the early 1980s, which really had its roots in the 1970s.
- Still, conditions in this decade are very different from 50 years ago.
- After WWII, higher inflation resulted from manufacturing disruptions, rebounding demand for consumer goods, and soaring money growth… Sound familiar?
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