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Undoing An Economic Miracle
Manage episode 518263391 series 1816784
The 1970s were the last time we had the toxic combination of high Government Deficits and strong Government controls, like Nixon's wage and price controls and Trump's Tariffs. The result was that economists had to invent a new term for the outcome: Stagflation.
It's hard to imagine things turning out differently this time.
148 episodes
Manage episode 518263391 series 1816784
The 1970s were the last time we had the toxic combination of high Government Deficits and strong Government controls, like Nixon's wage and price controls and Trump's Tariffs. The result was that economists had to invent a new term for the outcome: Stagflation.
It's hard to imagine things turning out differently this time.
148 episodes
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