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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Well, you know what it means and it’s already happening in France “Stagflation can be defined as a prolonged period in which an economy experiences persistently high inflation, high unemployment rates, and stagnant aggregate demand. It is a period where central banks experience a situation in which monetary tools meant to control rising inflation lead to higher unemployment and lower economic production.“ Forbes Businesses closing, people losing their jobs etc[/quote] We don’t have high unemployment though. [/quote] Yeah this is what I don’t get. Where I work (nonprofit) we have solid funding for the next three years, so much so we need to make several hires and even then we could get zero funding for the next three years and be absolutely fine including annual COLAs and benefits[/quote]
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