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stagflation 

(n.) A period characterized by high inflation and stagnated economic growth. Ability to use this word in a sentence inevitably labels you an economist, and therefore a nerd.
"... and this decade unfortunately showed us a period of stagflation ..."
"NERD!!"
stagflation by The Snailfather November 13, 2005
Related Words

stagalate 

To take your time doing something. To wait until the very last minute to act upon something but finding that you are too late. procrastinate
"If ya hadn't stagalated you wouldn't have missed the garbage truck."
stagalate by TDKing July 2, 2006
the act of unintentional procrastination
stagulate by Valarie March 16, 2005

stagflation 

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.
What am I supposed to do about this stagflation?

I dunno. Damned if you do, damned if you don't, really.
stagflation by terriflick November 3, 2010
To take one's time. Stall.
We're going to be late if you continue to stagulate.
Quit stagulating!
Stagulate by Valarie July 8, 2003

Hyper Stagflation 

A period of extremely slow economic growth, if any, and extremely high unemployment, while prices continue to rise, all of which are above normal crises levels.
If Obama continues to print and spend fiat money (regardless of the deficit) and that money permeates the economy and does not create jobs, we will eventually experience hyper stagflation.