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Are the 70's coming back Who remembers this term "Stag-flation"
google search result below "The stagflation of the 1970s, a combination of slow growth and rapidly rising prices, challenged prior assumptions, leading economists to examine the causes and policies that would end the stagnant period."
No we are not in the 70s anymore.
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Well they brought flares back into fashion, and the next thing we know we get rapidly rising prices. It might get even worse if they bring kipper ties back into fashion.