[Abridged] Presidential Histories
From Yorktown to the Civil War, Pearl Harbor to 9/11, discover the pivotal moments that defined each president's life and legacy and the lessons we can draw from them. New episodes available the 1st and 3rd Mondays of each month.
[Abridged] Presidential Histories
39.B) Jimmy Carter, Stagflation, & Paul Volcker, an interview with Jennifer Burns
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Kenny Ryan
When unemployment and inflation began to rise side by side in the 1970s, nobody knew what to do. Economic theory suggested it should have been impossible, and yet the numbers couldn't be denied. Stanford Historian Jennifer Burns, author of Milton Friedman: The Last Conservative, discusses how American presidents of the 70's tried and failed to curb stagflation, what led Carter to Paul Volcker, and how Volcker's medicine may have saved the economy, but doomed Carter's presidency in the process.