The 1970s episode of sustained high inflation was structurally different from what we’re experiencing today. The prevailing environment can’t be compared to the “Great Inflation” era of the 1960s and ’70s, according to Ehren Stanhope. Stanhope, a principal at O’Shaughnessy Asset Management, joins Maggie Lake to explain why and how the situations are not the same, focusing on key differences in monetary policy, fiscal policy, the global energy market, and personal and corporate taxation. Stanhope, who believes inflation is likely to settle at a higher level, also shares his thoughts on where to invest in such a regime. Recorded on Tuesday September 13, 2022.