F.A. Hayek on Meet The Press

Jeffrey Tucker has somehow discovered an audio tape of a 1975 appearance by Hayek on Meet The Press.

The recording is fascinating as the panelists ask Hayek a series of questions regarding the problems of unemployment and inflation brewing at that time.

Ultimately, in the late 1970's and early 1980's, Paul Volcker appeared on the scene to slow inflation in the United States and Margaret Thatcher took control in Great Britain as Ronald Reagan did in the U.S. Thatcher and Reagan slowed the encroachment of Big Brother.

Now, however, with the current financial crisis, a return to serious inflation may be just around the corner and Hayek's comment are as relevant today as they were 30 years ago.

As Tucker puts it: You must hear this.