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

German Chancellor and chairwoman of the Christian Democratic Union (CDU) Angela Merkel addresses a news conference in Berlin, Germany September 19, 2016.
REUTERS/Fabrizio Bensch

Angela Merkel was elected chancellor of Germany on November 22, 2005, becoming the first woman to hold that job. During that time Merkel was arguably the most powerful woman in the world, presiding over one of its largest economies for four terms in the Bundesregierung. Twenty years on, the anniversary is a reminder of how singular her breakthrough remains. It’s still the exception when a woman runs a country.