
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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