Stagflation, Scourge of the 1970s, Has Returned...

Some readers may recall the misery of rampant stagflation in the 1970s. The fusion of inflation and stagnant economic growth destroyed millions of jobs while eroding virtually everyone’s purchasing power, ensuring there was no escape from economic pain for most Americans. Now, stagflation is returning after decades of dormancy. How pervasive will it become? Read Full Article »