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

Polish presidential candidate Karol Nawrocki, backed by the main opposition Law and Justice (PiS) party, reacts to the exit polls of the second round of the presidential election, in Warsaw, Poland, June 1, 2025.
REUTERS/Aleksandra Szmigiel

Just when you thought the far right was in retreat in Eastern Europe, following recent losses in Romania and Albania, it came roaring back in Poland.

South Korean presidential candidate Lee Jae Myung of the Democratic Party speaks at a campaign rally in Seoul on May 29, 2025.
Kyodo via Reuters Connect

South Koreans head to the polls this Tuesday, June 3, to elect a new president. They’ll face a choice between two candidates with sharply contrasting visions for the country’s future — and its foreign policy.