4.6 • 1.8K Ratings
🗓️ 9 January 2023
⏱️ 33 minutes
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0:00.0 | You're listening to an AirWave Media Podcast. |
0:30.0 | Where recent inflation peaked at 9.1% in June of 2022, which really is awful, but compare that with March of 1947 when inflation peaked at 20% that's more than double. |
0:44.8 | And while no one has a crystal ball to see into the future, we all know the prices will stabilize at some point. |
0:51.2 | But wouldn't it be great if that happened sooner, you know, instead of later? |
0:55.8 | What we need is a good plan, a simple plan to help bring prices down. |
1:01.4 | And it seems that no one has one today, but there was a coastal Massachusetts city that did have such a plan back in 1947. |
1:10.4 | And within days of it being put into action, it was quickly adopted by towns and cities all across the nation. |
1:18.0 | So could it work today and probably more importantly, did it work even back then? |
1:23.1 | Well, coming up next, I present to you the story of the Newbury Port Anti-Inflation Plan, and you'll learn just how successful it was at Curving Postwar Inflation. |
1:33.3 | I am Steve Soldman, and this is the Usus Information Podcast. |
1:38.7 | Hey everyone, I hope you're doing well. |
1:46.7 | Now before we jump into today's story, I just want to let you know that this episode marks a milestone for the Usus Information Podcast. |
1:54.3 | You see, it was 15 years ago this month that I launched the podcast with the simultaneous release of four episodes. |
2:01.3 | Three of them came from my previous two books, and one served as an introduction to the podcast. |
2:08.1 | Now oddly, I remember thinking that I was late to the podcast game, that I had somehow missed the boat. |
2:14.7 | And that's because I've been toying around with the idea of launching the podcast for a while, |
2:18.7 | but I was working two full time jobs back then, so I just kept pushing off the recording of those initial episodes. |
2:26.1 | It wasn't until December of 2007, while I was on Christmas break from teaching, that I finally found the time to do so. |
2:33.5 | And I couldn't have imagined back then I'd still be recording the podcast today. |
2:38.9 | Now if you hang around a bit until the end of this episode, I'll share some numbers with you. |
2:44.3 | The other bit of news is that this podcast is now in a new network. |
2:48.3 | For more than a year, the people at Airwave Media have been after me to join their network, and I have to admit that is really flattering, |
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