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The Return of Stagflation

jimtimmy
Posts: 3,953
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10/20/2011 5:34:15 PM
Posted: 5 years ago
The famous Misery Index is the highest it has been in 20 years:

http://www.realclearmarkets.com...

It is 13%... with 9.1% Unemployment and 3.9% Inflation... The high inflation, high unemployment combination is callled Stagflation

This is not surprising, unfortunatley... The last time we had stagflation was in the late 1970s... It was the result of overexpansionary monetary policy and anti growth supply side policies (high taxes, wage and price controls, too many environmental regulations)...

Here we are again...A President with strong anti growth supply side policies and a central bank that is expanding far too much money... Is it any surprise that Stagflation might be returning?
President of DDO
Tiel
Posts: 1,500
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10/20/2011 8:20:52 PM
Posted: 5 years ago
At 10/20/2011 5:34:15 PM, jimtimmy wrote:
The famous Misery Index is the highest it has been in 20 years:

http://www.realclearmarkets.com...

It is 13%... with 9.1% Unemployment and 3.9% Inflation... The high inflation, high unemployment combination is callled Stagflation


This is not surprising, unfortunatley... The last time we had stagflation was in the late 1970s... It was the result of overexpansionary monetary policy and anti growth supply side policies (high taxes, wage and price controls, too many environmental regulations)...

Here we are again...A President with strong anti growth supply side policies and a central bank that is expanding far too much money... Is it any surprise that Stagflation might be returning?

It's too bad that you are blaming the wrong concepts. Capitalism has been stomping America into the gutter for around 30 years.
"Only the inner force of curiosity and wonder about the unknown, or an outer force upon your free will, can brake the shackles of your current perception."
jimtimmy
Posts: 3,953
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10/20/2011 9:21:35 PM
Posted: 5 years ago
At 10/20/2011 8:20:52 PM, Tiel wrote:
At 10/20/2011 5:34:15 PM, jimtimmy wrote:
The famous Misery Index is the highest it has been in 20 years:

http://www.realclearmarkets.com...

It is 13%... with 9.1% Unemployment and 3.9% Inflation... The high inflation, high unemployment combination is callled Stagflation


This is not surprising, unfortunatley... The last time we had stagflation was in the late 1970s... It was the result of overexpansionary monetary policy and anti growth supply side policies (high taxes, wage and price controls, too many environmental regulations)...

Here we are again...A President with strong anti growth supply side policies and a central bank that is expanding far too much money... Is it any surprise that Stagflation might be returning?

It's too bad that you are blaming the wrong concepts. Capitalism has been stomping America into the gutter for around 30 years.

So you're telling me that a system we have had over 200 years, and 200 years that saw rapidly rising living standards, has been "stomping" for 30 years... Wow
President of DDO