Jeffrey Sachs
speaker
3,689 appearances
22 recordings
10 series
first heard Oct 2024
last heard 5d ago
Jeffrey Sachs’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 15 in all, peaking in Sep 2026 with 5.
Appearances
for one moment without your backing.
So your job is to tell Mr. NetYahu your clean break, 30 years, maybe $10 trillion of American treasure now piled up in debt.
We tried your approach.
It's done.
Now we're going to try peace.
That's what he needs to tell him.
on the rest of the world.
Yeah, strangely enough, I came into my profession, which I've been a professor at universities for 46 years and advised well over 100 governments around the world.
I came into this profession writing my
phd dissertation on the oil shocks of the 1970s i wrote the first model of what uh how they worked why they had such negative after the 73 after 73 and 79 so i wrote the book literally and it's published in 1982 called the economics of worldwide stagflation
The results of those two oil shocks give us an idea of what would happen.
What happened in 1973, 74, when there was an oil embargo, and then in 1979, 80, when there was the Iranian revolution,
was a big disruption of oil supplies.
It sent oil prices soaring, and it sent the world economy into a tailspin.
And it was a very particular kind of tailspin because people lost their jobs, incomes went down, and inflation soared at the same time.
And so you had
a economic downturn and a rise of inflation, which at the time was viewed as a paradox because usually you have a recession and the prices calm down or you have a boom and the prices accelerate.
But this was a contraction and an inflation.
That's it.
And that's what was called stagflation.
Showing 1401–1420 of 3,689 · page 71 of 185
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