Stagflation Doesn’t Exist
Contrary to popular opinion.
As you may know, the term ‘stagflation’ refers to a situation where the economy has both high inflation and low economic growth.
I don’t think stagflation is a separate entity that exists. Thus, I don’t think the term is very helpful. I want to be clear about what I’m not saying. I’m not saying that inflation isn’t a real thing. I’m also not…