70’S-STYLE STAGFLATION IS BACK AND RAGING
A feckless Team Biden has set America up for a new round of 1970s-style stagflation. The similarities between then and now are eerie. Seventies stagflation resulted from profligate fiscal policy, politicized monetary policy and food and energy shocks… After President Richard Nixon appointed Arthur Burns as Federal Reserve chair, Burns cranked up the Fed printing … Continued