Inflation panicking is 1970s hangover, says economic historian Adam Tooze

Inflation Panicking Is 1970s Hangover, Says Economic Historian Adam Tooze | GZERO World

Why are so many people panicking about rising inflation these days? For economic historian Adam Tooze, it's "sort of undigested legacy of the trauma of the 1970s," the last time the US and Western Europe experienced high-sky inflation, and we're still "working off the hangover from 50 years ago." Watch his interview with Ian Bremmer on the latest episode of GZERO World.

Watch this episode of GZERO World with Ian Bremmer:How the COVID-damaged economy surprised Adam Tooze

More from GZERO Media

Reuters

US President-elect Donald Trump made it official: he thinks Canada becoming the 51st state is a “great idea”. Ina post Thursday morning on Truth Social, Trump repeated his claim that the US subsidizes Canada by “over $100,000,000 a year” and mused that “Many Canadians want Canada to become the 51st State. They would save massively on taxes and military protection.”

US National Security adviser Jake Sullivan speaks with GZERO founder and president Ian Bremmer at 92Y in New York City, on December 17, 2024.
Dan Martland/GZERO Media

Joe Biden's top foreign policy adviser shares his views on the transition to Trump, the risks in Syria, the choices for China, the false narrative about Russia, and what keeps him up at night as he prepares to leave office.