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Are We Doomed to Relive Nixon-Era Inflation?

Are We Doomed to Relive Nixon-Era Inflation?
U.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 Images
John Phelan
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Commentary

Fifty years ago, the Minneapolis Tribune reported a silver lining in an otherwise gloomy economic climate.

John Phelan
John Phelan
Author
John Phelan is an economist at Center of the American Experiment. He is a graduate of the London School of Economics, and worked for ten years at Capital Economics in London. He has been widely published on economic topics in popular media and in the journal Economic Affairs. He is also a contributor to the American Institute for Economic Research (AIER).