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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
Somewhere in the Donbas region, Ukrainian soldier Artem Bondarenko says he hasn’t slept through the night in months as he defends Eastern Ukraine.
In this Quick Take, Ian Bremmer warns that US military strikes on Iran are “looking increasingly imminent” as diplomacy appears to stall.