Jim Rickards
speaker
2,787 appearances
21 recordings
1 series
first heard Aug 2025
last heard 2d ago
Jim Rickards’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 20 in all, peaking in Aug 2026 with 6.
Appearances
We had the worst recession since the Great Depression in 74 and 75.
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The unemployment was like 12%.
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And, you know, oil prices doubled.
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That came from the oil price increase, exactly the kind of thing that Peter is talking about.
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But what did the president do?
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Gerald Ford and Alan Greenspan, Greenspan was a council of economic advisors.
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He was not the Fed chair at the time.
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Gerald Ford and Alan Greenspan in October 1974 launched WIN.
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They had these buttons, WIN.
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It said, whip inflation now.
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They were running around concerned about inflation when, in fact, we were headed for the worst recession since the Great Depression.
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So in other words, they were looking at inflation superficially because the oil price increased.
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But Peter's point, and he's right,
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That kind of inflation extinguishes itself.
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When oil prices go up, gas at the pump goes up, diesel fuel is through the roof, the demand is inelastic.
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You have to buy it whether you like it or not.
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It doesn't matter if you don't like the price, you have to buy it, which means you don't do something else.
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You don't go out to dinner, you don't go on vacation, you don't buy new clothes, whatever it might be.
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And that brings the economy into a recession.
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The last thing you want to do is raise interest rates.
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Showing 241–260 of 2,787 · page 13 of 140
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