You don’t say. Unexpectedly! too…
As Glenn often says, a repeat of Carter is a best-case scenario.
[Update a few minutes later]
Really? You don’t say. Stagflation creates a dangerous position for the economy.
13 thoughts on “Stagflation May Be Here”
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I still say stagflation may end up being a best-case scenario. We may have to coin a new word.
McGehee,
we could use the old one too.
Depression!
If the fiscal conservatives in congress can hold their ground we can get through with a bout of stagflation coupled with welfare riots encouraged by their opposition. If the adults are defeated, welcome hyperinflation.
It’s disheartening to know our government is using the same policies that made Zimbabwe the world economic powerhouse it is today. Of course, they’ll come out fine. The connected always take care of themselves first.
Larry J,
you think it’s odd that we’re getting ‘African style’ decisions from a guy who identifies MORE with his absentee African father, than he does with the American culture he thinks needs to change?
Seriously?
And exactly what are ‘African style’ decisions?
To run the currency printing presses non-stop.
And to demonize those who create wealth.
That’s such a…depressing word. I prefer the euphemism, “Austerity Plan.”
It’s really a versatile phrase, one which may be used in everyday situations, example:
“Yo, Big T, you lookin’ trim…”
“Check it, bruh, I’m on the Austerity Plan.”
“…?”
“It’s the latest — nothin’ for breakfast, nothin’ for lunch, and then for dinner, a whole lot of nothin’.”
“Aite, lates.”
Rand,
[[[To run the currency printing presses non-stop.]]]
Don’t you mean the German model?
Zimbabwe followed the same economic model, to even more “spectacular” results.
How about “hyperstagflation”? “We’re doing it the wrong way, only faster!”
Interesting, given the actual underlying inflation rates, now that fuel prices are on the way down and the recent commodity nonsense is easing, appear to be heading negative. Not good, but indicative that the current “orthodoxy” you guys have swallowed isn’t just wrong, but stupid.
Meme c’est choise and all that…