Definition of Stagflation

Crossville TN

Description

Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e., inflation). Stagflation can be alternatively defined as a period of inflation combined with a decline in the gross domestic product (GDP). THAT IS WHERE WE ARE FOLKS, NOW WE HAVE A NEW SPENDING BILL. Called, "Inflation Reduction Act." For a $433 billion tax and spending package while U.S. GDP signaled recession fears. Governemtn spending is what got us inflation, doubling down on freaking stupid! "The worst possible timing," Brenberg said of the newly-named "Inflation Reduction Act." (ANOTHER PRETTY NAME) "You could not pick a worse day for that announcement to come out on then today."