Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I personally have never heard this term before. Which is rather odd, as I have quite the vocabulary. But, with the opening statement on it's meaning, something rings out loud... getting out of our current situation is not an easily performed task. By anyone. And IMO, certainly not by ANY politician.
In economics, the term stagflation refers to the situation when both the inflation rate and the unemployment rate are high. It is a difficult economic condition for a country, as both inflation and economic stagnation occur simultaneously and no macroeconomic policy can address both of these problems at the same time.[1]
The portmanteaustagflation is generally attributed to British politicianIain Macleod, who coined the term in a speech to Parliament in 1965.[2][3][4] The concept is notable partly because, in postwar macroeconomic theory, inflation and recession were regarded as mutually exclusive, and also because stagflation has generally proven to be difficult and, in human terms as well as budget deficits, very costly to eradicate once it gets started. In the political arena a simple measure of Stagflation termed the Misery Index (derived by the simple addition of the inflation rate to the unemployment rate) was used to swing Presidential elections in the United States in 1976 and 1980.
Did you notice the words... Very costly to eradicate once it gets started...?
The most frightening thing in this, is that there is an actual 'Misery Index'.
If you CAN, read between the lines and notice that the whole stagflation concept is surrounded by GREED and all of it's affiliates.
I myself grew tired of blaming Bush, (still know he's an idiot) but it is not productive to dwell in the past. And now I grow tired of the Obama bashers. It's a lot of peoples' fault. Not just one or two. JFK was actually for the people (workers) that's why he was assassinated. By all means, we can't have that.
I personally have never heard this term before. Which is rather odd, as I have quite the vocabulary. But, with the opening statement on it's meaning, something rings out loud... getting out of our current situation is not an easily performed task. By anyone. And IMO, certainly not by ANY politician.
In economics, the term stagflation refers to the situation when both the inflation rate and the unemployment rate are high. It is a difficult economic condition for a country, as both inflation and economic stagnation occur simultaneously and no macroeconomic policy can address both of these problems at the same time.[1]
The portmanteaustagflation is generally attributed to British politicianIain Macleod, who coined the term in a speech to Parliament in 1965.[2][3][4] The concept is notable partly because, in postwar macroeconomic theory, inflation and recession were regarded as mutually exclusive, and also because stagflation has generally proven to be difficult and, in human terms as well as budget deficits, very costly to eradicate once it gets started. In the political arena a simple measure of Stagflation termed the Misery Index (derived by the simple addition of the inflation rate to the unemployment rate) was used to swing Presidential elections in the United States in 1976 and 1980.
Did you notice the words... Very costly to eradicate once it gets started...?
The most frightening thing in this, is that there is an actual 'Misery Index'.
If you CAN, read between the lines and notice that the whole stagflation concept is surrounded by GREED and all of it's affiliates.
I myself grew tired of blaming Bush, (still know he's an idiot) but it is not productive to dwell in the past. And now I grow tired of the Obama bashers. It's a lot of peoples' fault. Not just one or two. JFK was actually for the people (workers) that's why he was assassinated. By all means, we can't have that.
We are so screwed. Well, most of us.
Curious post. We have virtually no inflation; some economists are worried about DEflation. The misery index, although higher now than the average in the Bush years, is far below the Jimmy Carter-era peak.
Greed is a huge current problem. Politicians are encouraging people to be greedy for wealth that others produced, and are themselves greedily working towards a much larger federal government at the expense of the private sector.
Curious post. We have virtually no inflation; some economists are worried about DEflation. The misery index, although higher now than the average in the Bush years, is far below the Jimmy Carter-era peak.
Greed is a huge current problem. Politicians are encouraging people to be greedy for wealth that others produced, and are themselves greedily working towards a much larger federal government at the expense of the private sector.
The 'Misery Index' link... very interesting.... to say the least.
Well that's scary... You'll have to click next to where it says 'Did you mean' to get the index. I guess wikipedia doesn't recognize their own links.
I lived through the stagflation of the 70's. Everything became more expensive but my wages did not improve. I was glad to have a job because there were very few available.
I lived through the stagflation of the 70's. Everything became more expensive but my wages did not improve. I was glad to have a job because there were very few available.
This is an even more confusing time as is shown in this video/article. It's being called a 'double-dip' recession with the question, "Inflation or deflation"?, and the answer being "Yes". Good times ahead people.
Just waking up from a long mushroom induced coma? Seriously, ever tune into any financial news? This is old, old stuff.
Everything is old, old stuff. If it wasn't we wouldn't be in this mess. Old ideas, that no longer have any place in our society keep us down. And people, such as yourself, keep them going.
While I do not take offense to your 'mushroom induced coma' comment, you should be wary of assumptions. I've never eaten a (magic) mushroom in my life. You can take that to the bank, MOgal.
DSefaltio is now the worry since economist see no growihg demand and the fed staying in replacing the consumer for some time. e actauly may see something more like the japnaese laost dcade many now thihnk.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
