ViewpointsOpinionAre We Doomed to Relive Nixon-Era Inflation?SavePrintU.S. President Richard Nixon (right) delivers his inaugural address at the U.S. Capitol in Washington, D.C., on Jan. 20, 1969. Outgoing president Lyndon B. Johnson listens at left. Pictorial Parade/Getty ImagesJohn Phelan12/6/2024|Updated: 12/15/20240:00X 1CommentaryFifty years ago, the Minneapolis Tribune reported a silver lining in an otherwise gloomy economic climate.Share this articleLeave a commentJohn PhelanAuthorJohn Phelan is contributor to the American Institute for Economic Research (AIER).Author’s Selected ArticlesDeficit-to-GDP Ratio Near World War II Levels, CBO FindsFeb 17, 2025