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History's playbook for taming the beast of inflation

NPR· May 28, 2026· 47m 20s

Gas. Meat. Flights. Houses. The cost of living is up. Inflation is rearing its head again. And as it rises higher, inflation risks devastating economies and draining savings accounts. So what can be done about it? This week, we explore the history of inflation in the U.S., how the government has responded, and who pays the price. This episode originally aired in 2022. Guests: John Cochrane , senior fellow at Stanford University's Hoover Institution Meg Jacobs , senior research scholar, Princeton

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History's playbook for taming the beast of inflation

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Sample transcript — click Live captions above to run Whisper on the actual audio in your browser.
  1. Welcome to the program. I'm your host.

    Welcome to the program. I'm your host.

    0:00
  2. Today we look at the major stories shaping the news cycle.

    Today we look at the major stories shaping the news cycle.

    0:04
  3. We start in Europe, where leaders met in Brussels.

    We start in Europe, where leaders met in Brussels.

    0:09
  4. The summit focused on energy policy and migration.

    The summit focused on energy policy and migration.

    0:14
  5. Reporting from the ground, our correspondent has more.

    Reporting from the ground, our correspondent has more.

    0:19
  6. Thank you. The mood here was tense but constructive.

    Thank you. The mood here was tense but constructive.

    0:24