Guns and butter and credit

Guns and butter and credit

From Unhedged by Financial Times & Pushkin Industries

April 7, 2026 · 15 min

About this episode

Rob Armstrong and Hakyung Kim discuss the economic parallels between the 1960s and 1970s, focusing on consumer credit and the concept of 'guns and butter'.

Economists often compare today’s era to the 1970s, when oil prices were high and inflation was looming. But there is something to learn from the 1960s, too. Today on the show, Rob Armstrong and Hakyung Kim discuss “guns and butter”, and the state of consumer credit. Also they go short flights to Europe and short AI glasses.  For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer . You can email Robert Armstrong and Katie Martin at unhedged@ft.com . Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Rob Armstrong

Guest: Hakyung Kim

Topics covered

  • economics
  • inflation
  • consumer credit
  • 1970s
  • 1960s
  • guns and butter
  • AI

Keywords

  • economics
  • inflation
  • consumer credit
  • 1970s
  • 1960s
  • guns and butter
  • AI glasses

Mentioned in this episode

Organizations: Financial Times, Pushkin Industries, FT.com, Acast

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