Stagflation: It's a feature, not a bug
We explain why "stagflation" - a shrinking economy with rising prices - is normal during periods of high inflation.
This June 24 discussion is available on YouTube.
In addition to the YouTube broadcast, a lightly edited transcript is attached for those who prefer to read.
If you enjoy the video or the transcript, please let me know by hitting the “like” button below. As always, I welcome questions and discussion.
HardmoneyJim
No. 20
(Open the pdf file below to read the transcript. Click the icon on the right and select “download.”)