It’s called STAGFLATION. Here comes Harris to the rescue because it’s Trump’s fault!
There is no stagflation. 1970s was about high regulations and high and steep taxes. We don’t have that now….not even close. The Fed cannot fix Biden’s war on fossil fuels or healthcare or rents. And they should not try to. The 70% tax bracket was at $105,000 in 1980. The 50% tax bracket was at $45,000 in 1980. We don’t even have a 40% tax bracket now…..and the corporate income tax is 21% now. The Fed can do NOTHING about all those $15K to $20K minimum wage laws all over the country that are indexed for inflation.