Burton Abrams

Burton Abrams, an economist known for his research on the Nixon tapes, dives deep into the alarming chapter of US monetary policy influenced by Richard Nixon's presidency. He discusses how Nixon pressured Fed Chair Arthur Burns to make short-term economic decisions for electoral gain, potentially igniting a decade of inflation. The conversation reveals the complex dynamics of Fed independence, offering a stark warning of the consequences of political meddling in economic affairs that resonate today.