3 definitions by OldPhart OutIn TheDesert
an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity that is belied by antithesis government statistics that are rejected by a population that no longer believes a word government utters, and insists on real measures, until the point that prices rise to where paper money no longer has any significance to any purchase.
The United States succumbed to nagflation in 2014 once Russia and China declared petrodollars null and void.
by OldPhart OutIn TheDesert May 22, 2014
Issa: "Congress will supeona documents from the Justice Department."
Holder: "Um, ah, the dog ate it, I can't find it, uh...nope, not going to do it."
Issa: "We are going to vote you in Contempt of Congress"
Obama: "Executive Privilege"
Holder: "Um, ah, the dog ate it, I can't find it, uh...nope, not going to do it."
Issa: "We are going to vote you in Contempt of Congress"
Obama: "Executive Privilege"
by OldPhart OutIn TheDesert June 21, 2012
Use of large corporate assets, i.e., human resources, equipment, vehicles, land, structures to browbeat tax officials into favorable taxation terms that remain unavailable to the public at large.
by OldPhart OutIn TheDesert April 6, 2011