ViewpointsOpinionAre We Doomed to Relive Nixon-Era Inflation?00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintU.S. President Richard Nixon (right) delivers his inaugural address at the U.S. Capitol in Washington, D.C., on Jan. 20, 1969. Outgoing president Lyndon B. Johnson listens at left. Pictorial Parade/Getty ImagesJohn Phelan12/6/2024|Updated: 12/15/20240:00X 1CommentaryFifty years ago, the Minneapolis Tribune reported a silver lining in an otherwise gloomy economic climate.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentJohn PhelanAuthorJohn Phelan is contributor to the American Institute for Economic Research (AIER).Author’s Selected ArticlesThe Day New York DefaultedAug 20, 2025Deficit-to-GDP Ratio Near World War II Levels, CBO FindsFeb 17, 2025