I endeavored to survey older adults who were at or above working age in 1970. What do they remember about 1970s stagflation? What do they remember about inflation and wages? Which was worse: 1970s stagflation or the 1982 recession that followed?

More than 80% of respondents - unbidden - shared with me: "The current economy is worse than I remember it being in the 1970s." Frankly, that should scare the hell out of you.

Links:

https://www.investopedia.com/terms/s/stagflation.asp

https://www.cbsnews.com/news/fed-interest-rate-hikes-unemployment-increase-layoffs-inflation/

https://consaracytheories.com/f/turkish-inflation-the-praise-of-paul-volcker

https://causeyconsultingllc.com/2024/05/05/honestly-who-didnt-see-this-coming/

https://londondailypost.co.uk/stagflation-the-labour-market-and-you/

https://www.moneymetals.com/news/2024/05/06/staglfation-warning-service-economy-contracts-as-prices-rise-003168

Need more? You can visit the website at: https://consaracytheories.com/ or my own site at: https://saracausey.com/. Don't forget to check out the blog at: https://consaracytheories.com/blog.