Retrospective Analysis of the Great Inflation: Monetary Policy vs. Supply Shocks

Robert Samuelson is an economics columnist for the Washington Post and spent several decades working at Newsweek, where he wrote on various economic topics. Robert is the author of several books, including *The Good Life and Its Discontents: The American Dream in the Age of Entitlement* and *The Great Inflation and Its Aftermath: The Past and Future of American Affluence*. He joins the show today to talk about the latter and its implications for today. David and Robert go in-depth about the Great Inflation, as they discuss the disagreement within macroeconomics during the 60s and 70s, the history and significance of the period, and how Ronald Reagan and Paul Volcker sought to end the inflation.

Transcript for the episode: https://www.mercatus.org/bridge/podcasts/05282019/great-inflation-its-history-and-its-legacy

Robert’s Washington Post profile & bio: https://www.washingtonpost.com/people/robert-j-samuelson/?noredirect=on&utm_term=.6e300b47761d

Related Links:

*The Great Inflation and Its Aftermath: The Past and Future of American Affluence* by Robert J. Samuelson

https://www.penguinrandomhouse.com/books/160295/the-great-inflation-and-its-aftermath-by-robert-j-samuelson/9780812980042/

*The Good Life and Its Discontents: The American Dream in the Age of Entitlement* by Robert J. Samuelson

https://www.penguinrandomhouse.com/books/160294/the-good-life-and-its-discontents-by-robert-samuelson/9780679781523/

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth