Word: stagflationã
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...producing almost anything increases. The only escape would be a complete reengineering of the U.S. economy, which would take decades. Dire predictions? The Department of Transportation has no interest in scaring the public, but this is what it has come to. A recession brought on by “stagflation??—increasing interest rates and prices—would be similar though probably much worse than the recession of the 70s when the Organization of the Petroleum Exporting Countries started to seriously restrict supply...
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