Quote:
Originally Posted by pocketkangaroo
I think stagflation is more an issue with fixing the banks. If the banks can get back to normal it will fix some of the unemployment issues.
I'd also point out that while we're seeing some higher inflation numbers, it's nowhere remotely close to what we saw under Carter. The Fed and the Treasury have handled this economic crisis much better than it was handled back then and I don't think it's going to be as much a factor.
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Inflation is under control now but most of the proposed spending has not yet occurred. Once Obama's huge spending plans kick in then spiraling deficits, rising interest rates, and hyperinflation are a near certainty.
