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This is Planet Money from NPR.

Hello and welcome to Planet Money. I'm Kenny Malone.

If you follow the news, you may have been hearing a lot of talk lately about inflation.

Just this week, the Labor Department released data showing that prices have been rising at the

fastest pace in nearly 13 years. And that's got some people a little bit worried.

For a lot of younger listeners, this may be the first time in your life that you've heard people

sound genuinely worried about inflation. And that's because for the most part, inflation hasn't

really been a huge problem in the United States, not for decades, specifically not since the 1970s.

We're not saying that what we're experiencing right now is anything like the 70s, but

it does seem like a good time to revisit a classic Planet Money episode about inflation.

This episode originally aired in 2015, posted by Jacob Goldstein and David Kestinbaum,

and it is about that time, in the 70s, when the US economy was truly threatened by the menace

of inflation and about the extraordinary measures it took to finally defeat it.

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