Send us a text

INFLATION!! That is a word Americans are hearing a lot lately. A word that had all but slipped from memory as it has been nearly four decades since it haunted the very soul of America in the decade after the horrific war that so dominated our consciousness in South East Asia had ended. 

President Lyndon Johnson had tried to deliver "Guns and Butter" , trying to have it all as he fought a war in Vietnam, trying to stop the high water mark of Communism around the globe, while at the same time trying to build his "Great Society" here at home. The results were a decade of runaway inflation that four successive United States Presidents tried to tamp down with varied degree of success. Though success is probably not the correct description. 

It would take the appointment of one man, Paul Volker, to lead the Federal Reserve to finally create a strategy that would break the back of the inflation monster crippling the American Economy. However, his solution would end up breaking one American President and , while testing the faith of another, finally get inflation under control and lead to "Morning in America" and an unprecedented boom in our economy that may very well have been the foundation for a victory in the Cold War. 

This is that story and it carries with it a warning of what could lay in store for America in 2023 if the Biden Administration does not figure out a way to stop the reckless spending it, and the previous administration,  has so far embraced.  

Questions or comments at , [email protected] , https://twitter.com/randal_wallace , and http://www.randalwallace.com/
Please Leave us a review at wherever you get your podcasts
Thanks for listening!!