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The American Dream - The Cold War and the Cold War
In the mid to late 19 seventies, for those listeners who were too young to remember, we just had a president resign and disgrace rightan ten 74. At the height of the cold war, there was this phenomenon called stag flation,. We had extreme gas lines. There was an enormous amount of economic expansion. But if you look at absolute poverty in the world, it plunged during that period of time. In a way, we were living through almost like a honeymoon period. And then it feels like the the honeymoon's over, and it's understandably jolting. Yet, this is really where my book is trying to unpack, the opportunity that exists if we can