Charles Hugh Smith: Not the 70s or the 20s: We’re in uncharted territory
by Charles Hugh Smith on Of Two Minds: The awakening of inflation after decades of slumber has triggered a flurry of comparisons to the 1970s accompanied by a chorus of projections for 1970s-type stagflation, defined as inflation plus economic stagnation– limited or negative growth and high unemployment. A less popular comparison is with the 1920s: a … Read more