Double-digit inflation during WWI, and then again in the '70s! Thankfully, Professor White explains that in the past high inflation looked like a Christmas tree, meaning that it came down just as fast as it had shot up. 

During our podcast conversation, Professor White answered the following questions: Is inflation due to issues of supply chain or supply of money? What was inflation like during the previous major pandemic, the Spanish flu? How did the Fed handle inflation during the Great Depression? What do the famous Nixon tapes reveal about his handling of inflation? How did Volker tame inflation? What did Milton Friedman and Ben Bernanke say about the Great Depression and the Fed's handling of inflation? Is fiat money terrible for inflation?   

In this episode, Prof. Lawerence White, Dept. of Economics, George Mason University, tells us about the history of inflation, banking and money. He has been a visiting lecturer at the Swiss National Bank and the Federal Reserve Bank of Atlanta. His forthcoming book is Better Money, Fiat, Gold or Bitcoin. 

I hope you enjoy this episode and gain some perspective about the history of U.S. inflation.  

Adel Host of ThePeel.news podcast

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