Stagflation
Concept
Economic condition in which, unlike a typical recession marked by low inflation or stagnant prices, high unemployment and high inflation occur simultaneously
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Videos Mentioning Stagflation
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.
E27: The Great Inflation Debate, Amazon gets spicy on Twitter, rethinking supply chains & more
All-In Podcast
A term that became common during the high inflation and economic downturn of the 1970s.