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We're Haunted by the Economy of the 1970s

Politicians and pundits across the political spectrum warn of a return to the decade of stagflation, urban decay, and labor mutiny. Their solution? The failed policies of the 1970s.

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The competing theories on rising inflation, explained

The consumer price index grew by 8.5 percent in March. Why did inflation become so widespread?

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Don't worry about inflation

Don't worry about inflation
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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1970s-style inflation isn't coming back

1970s-style inflation isn't coming back
vox.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vox.com Daily Mail and Mail on Sunday newspapers.

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The Mundell difference | VOX, CEPR Policy Portal

Paul De Grauwe
The opening sentence of Robert Mundell’s 1963 paper “Capital mobility and stabilization policy under fixed and flexible exchange rates” — one of the two most influential in a series of pathbreaking papers he published in the late 1950s and early 1960s — is curious: “The world is still a closed economy, but its regions and countries are becoming increasingly open.”
“Still”? Was Mundell thinking of a future with interplanetary trade, so that eventually the world as a whole
wouldn’t be a closed economy? OK, he probably wasn’t, but if he was, it would have been in character. Mundell, who passed away on 4 April, was an economist ahead of his time.

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