Deja vu? Why it feels like the '70s again

An oil shock and specter of inflation bring the world to another turning point

AKIO FUJII, Nikkei chair of editorial board

November 28, 2021 13:46 JST

TOKYO -- Kenneth Rogoff, a professor of economics at Harvard University and a former chief economist at the International Monetary Fund, listed many similarities between the 1970s and today in a syndicated opinion piece titled "Back to the Seventies?" in late August.