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Economists Compare Today's Economy to Inflationary 1970s

4/8/2026

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Summary

Story summary

Economists Rob Armstrong and Hakyung Kim discuss parallels between today's economy and the 1970s, marked by high oil prices and inflation.
They examine the 'guns and butter' framework and analyze the current state of consumer credit.
They also touch on short flights to Europe and the emergence of AI glasses.
For further details, listeners can access a free 30-day trial of the Unhedged newsletter.

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Story summary

Economists Rob Armstrong and Hakyung Kim discuss parallels between today's economy and the 1970s, marked by high oil prices and inflation.
They examine the 'guns and butter' framework and analyze the current state of consumer credit.
They also touch on short flights to Europe and the emergence of AI glasses.
For further details, listeners can access a free 30-day trial of the Unhedged newsletter.