terriflick's definitions
The state of being economically fucked.
Unemployment is high, and so is inflation. Increasing economic production will reduce unemployment, BUT push inflation even higher. Reducing economic production will reduce inflation, but put more people out of work.
Unemployment is high, and so is inflation. Increasing economic production will reduce unemployment, BUT push inflation even higher. Reducing economic production will reduce inflation, but put more people out of work.
What am I supposed to do about this stagflation?
I dunno. Damned if you do, damned if you don't, really.
I dunno. Damned if you do, damned if you don't, really.
by terriflick November 3, 2010
Get the stagflation mug.