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

September 29, 2021

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

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

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Israel approved the Gaza ceasefire deal on Friday morning, bringing the ceasefire officially into effect. The Israeli military must withdraw its forces to an agreed perimeter inside Gaza within 24 hours, and Hamas has 72 hours to return the hostages.

We’re living in a time of record-high conflict, a level of violence not seen since World War II. The past four years have been marred by deadly battles in Ukraine, Gaza, Sudan, Myanmar, and beyond, with approximately 14% of the planet’s population now impacted by war.

Think you know what's going on around the world? Here's your chance to prove it.

French President Emmanuel Macron is scrambling to pull France out of a deepening political free fall that’s already toppled five prime ministers in two years. Tomorrow he’ll try again—and this time, says Eurasia Group’s Mujtaba Rahman, the fifth pick might finally stick.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

After two years of war in Gaza, a ceasefire and peace deal may finally be within reach, and Ian Bremmer says former President Trump deserves credit for.

Washington and Toronto buzzed this week with talk of the Canada-US relationship. On Tuesday Prime Minister Mark Carney joined President Donald Trump in the Oval Office for a warm but inconclusive meeting.

China has implemented broad new restrictions on exports of rare earth and other critical minerals vital for semiconductors, the auto industry, and military technology, of which it controls 70% of the global supply.