I’ve been saying that was what’s coming since obama was elected. Didn’t know there was an actual term (biflation) for it. After all, I’m not a formally trained economist, just a student of history with a strong empirical sciemce background. Maybe that’s why it’s so easy for me to see it coming. (In fact, the precursors are already here.)
I told the nurses i worked with in 2008, “You have killed the goose that laid the golden eggs by voting for this man...”