The Inflation Dragon

Subscribe now to skip ads and support the show! As inflation fuels a cost-of-living crisis, millions of Americans are getting a bitter taste of what past generations dealt with. From the mid-1960s into the Age of Reagan, high inflation (or stagflation) bedeviled economists, frustrated presidents, and shrank the horizons of middle-class Americans. And not just inflation! Policy-makers' responses also caused pain. In this episode, historian Nelson Lichtenstein delves into inflation's historical causes and pokes holes in the conventional wisdom that interest rate adjustments by an independent Federal Reserve are the wisest way to tame inflation. Nelson Lichtenstein teaches labor and economic history at U.C. Santa Barbara. He's the author of Why Labor Unions Matter (2026). Go to historyasithappens.com to learn more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.