Flationed Out
May 1st, 2007 | By Michael Shedlock | Category: Macro Economics
I HAVE BEEN pondering the word "stagflation." Nearly everyone but me seems to think we are in it or headed for it. What exactly does stagflation mean anyway?
Let's take a look at two definitions and a comment:
1. "Sluggish economic growth coupled with a high rate of inflation and unemployment" (American ...read more
