Commentary
With inflation in the headlines, a look back at the last experience might offer needed perspective. There is no claim here that history repeats exactly. Rather, a look back offers ways to dispel nonsense and identify what is important.
Viewpoints
Opinion
The Last Great Inflation
Much of what caused the inflation of the 1970s is repeating
People walk outside of the New York Stock Exchange (NYSE) as global supply chain disruptions and persistent inflation continue to affect the American economy, in New York City, on Oct. 4, 2021. Spencer Platt/Getty Images
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Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
