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Re: stagflation

If you're comfortable with "jobless recoveries" then you can have "considerable economic growth" while a large number of people experience considerable economic pain. Stagflation was not about stagnation in economic growth but about high inflation with high unemployment.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Sun Aug 14th, 2011 at 04:21:02 PM EST
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