Briefly review an episode in postwar economic history. Does the episode you have chosen have applicability today.

Briefly review an episode in postwar economic history. Does the episode you have chosen have applicability today. Discuss your answer (Yes or No) is not a good answer to the second part of the question. (A good answer will acknowledge the interconnectedness of the various episodes in postwar US history-i.e. the built-in inflation of the 1960s led to the problems of the 1970s)

Could you add on to the answer about inflation in the 1960s leading to problems in the 1970s, and whether or not it is applicable today?