Word of the Week

Stagflation (n.) slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation). Stagflation can also be alternatively defined as a period of inflation combined with a decline in gross domestic product (GDP).

Often caused by taxation by politicians who don’t know what they’re doing, e.g. Biden-hood. (Psst – the super wealthy can move their money around to avoid taxation so the likely outcome is less revenue.)

Reference

Stagflation. (n.d.) Retrieved from https://www.investopedia.com/terms/s/stagflation.asp on April 28,

About smkelly8

writer, teacher, movie lover, traveler, reader
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