Charlie Gasparino on how some economists fear a return of 1970s-style "stagflation," and how Chinese policy helps stoke it.
There are many reasons to avoid anything to do with the 1970s—stagflation trumps them all.
He turned the tables on the 1929 crash and suggested that stagflation was caused by too much money in the system.
Economist Peter Morici of the University of Maryland takes the stagflation debate a step further.
Which is not something most people expected from him when he was struggling with stagflation.
But from there we had Watergate, stagflation, oil embargos, eroding American power in the world, growing income inequality, etc.
Morici blames the return of stagflation on "Chinese mercantilism" as its government fixes oil prices at home at low levels.
1965, apparently coined by U.K. politician Iain Macleod (1913-1970), from stag(nation) + (in)flation.
Attacking the Government's economic policy last night in the House of Commons, Mr. Iain Macleod (West Enfield - Con.) the Opposition spokesman on Treasury and economic affairs, described the present situation in Britain as "stagflation" -- stagnation and inflation together. ["Glasgow Herald," Nov. 18, 1965]
An economic phenomenon of the late 1960s and 1970s characterized by sluggish economic growth and high inflation. The word is a blend of stagnation and inflation.
A simultaneous stagnation and inflation in the economy (1965+)