Stagflation

ConceptMentioned in 1 video

An economic condition characterized by stagnant economic growth, high unemployment, and high inflation. Milton Friedman accurately predicted this phenomenon in the 1970s.

Videos Mentioning Stagflation

Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom | Lex Fridman Podcast #457

Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom | Lex Fridman Podcast #457

Lex Fridman

An economic condition characterized by stagnant economic growth, high unemployment, and high inflation. Milton Friedman accurately predicted this phenomenon in the 1970s.