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,
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