Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: May 24, 2025
We coined the word "stagflation" to describe this. Government's response to these recessions was to pump up the money supply and increase spending. In the last 6 months of 1980, as an example, the money supply increased at the fastest rate in postwar history 13 percent. Inflation remained in double digits, and government spending increased at an annual rate of 17 percent.
We coined the word "stagflation" to describe this. Government's response to these recessions was to pump up the money supply and increase spending. In the last 6 months of 1980, as an example, the money supply increased at the fastest rate in postwar history 13 percent. Inflation remained in double digits, and government spending increased at an annual rate of 17 percent.
Word Of The Day
Others Looking