Episode 277: Stagflation Then and Now
The Brion McClanahan Show
The Brion McClanahan Show
4.8 • 670 Ratings
🗓️ 13 December 2019
⏱️ 39 minutes
🧾️ Download transcript
Summary
Paul Volcker died recently. Most Americans have never heard of him, but he almost single-highhandedly ended the "stagflation" crisis of the 1970s. How? As Chairman of the Federal Reserve, Volcker jacked up interest rates even though the short term pain would be substantial. It was, but the crisis ended and the dollar stabilized. We are facing a potentially similar crisis in the 2020s, except this time, a Volcker is nowhere to be found. What does this mean for the American economy? I discuss Volcker, "stagflation," and the modern American economy in this episode of The Brion McClanahan Show.
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Transcript
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| 0:00.0 | The Brian McClanahan Show, episode 277. |
| 0:04.5 | It's time to think locally and act locally. |
| 0:07.7 | Welcome to the Brian McClanahan Show. |
| 0:25.4 | Welcome back to the Brian McClanahan show. |
| 0:26.6 | Glad to have you back on the program. |
| 0:27.5 | Very glad to be here. |
| 0:29.9 | Don't forget to follow me on Twitter at Brian McClainahan. |
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| 0:38.3 | And of course, subscribe to my YouTube page where you can watch this podcast at Brian McClanahan. |
| 0:42.7 | You'll find all those social media accounts at my web page, Brian McClanahan.com. |
| 0:45.6 | That's B-R-I-O-N, McLanahan.com. |
| 0:49.8 | While you're there, give me an email address, and I'll give you a free e-book, forgotten founders, |
| 0:54.9 | and a free audio book of the same title read by yours truly you can support the brian mcclanyhan show by going to mclanahanacademy.com that's mclanahan academy.com it's always free to enroll you |
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| 1:30.3 | those great courses. Also, you can support the show by going to BrianMcClainahan.com for it slash |
| 1:35.6 | support. You can throw a few pennies my way, help keep the lights on, help keep the podcast going. |
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