[RomanSoldier19]

[linMcHlp]

Prepare?

2+ years of it, so far.

[nopardons]

BTTT

[Darksheare]

I mentioned years ago that there were people nostalgic for stagflation days and the Carter style BS.
They currently are in charge of the national finances.
Yay.

[SaveFerris]

[1970s-style ‘Stagflation’]

[TwelveOfTwenty]

No problem. Just raise the debt limit again. That will get the money flowing until next year, and our kids and grand kids can afford it.

</SARCASM>

[RoosterRedux]

Stagflation has a different effect on an industrial economy than it does on a "digital/technological/information" economy.

Industrial economies advance slowly and are more affected by manufacturing and market demand. "Digital/technological/information" economies are resistant to stagflation because they are a function of disruptive innovation.

Having had experience with economists, I would say that they are often mired in history and are not good at envisioning the future.

Case in point, in the 1980's, when offices around the country were using desktop computers, Paul Volcker was still claiming that desktop computers would have no effect on productivity.

[Ruy Dias de Bivar]

Time to break out the old button “WIN!” (Whip Inflation Now) Anyone remember them?