Stagflation makes a comeback.
It was Soooo fun the first time around.
Only this time there will be a line of electric cars waiting for their turn at the charging station.
That's what I see. Lots of inflation without the commensurate overheated economy.
This will give you a hearty belly laugh. This dope is CONVINCED ‘Stagflation’ will never return! Whatever.
https://www.thebalance.com/what-is-stagflation-3305964
“The unusual conditions that created stagflation in the 1970s are unlikely to reoccur.”
Well, it won’t be exactly the SAME conditions, but it WILL be the same consequences!
I lived through it, too. I joined the Army because there were no jobs, no gasoline and little hope for a fresh-faced girl from Wisconsin in those days. (Best thing I ever did, actually. Thanks, Carter, you POS!)
I remember the super high interest rates during the Jimmy Carter administration. A few years later, they tried to blame it on the Reagan administration.