ViewpointsOpinionAre We Doomed to Relive Nixon-Era Inflation?SavePrintU.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