This might be pedantic, but stagflation doesn't describe our economy. Stagflation would indicate stagnant growth and too high inflation. Inflation is currently

This might be pedantic, but stagflation doesn't describe our economy. Stagflation would indicate stagnant growth and too high inflation. Inflation is currently at 1.6% according to the BLS for the past 12 mo. If anything, that is a little too low due as the Fed's target is about 2%. Growth is also going the correct direction as the Fed is forecasting growth for 2016 of around 1.6-2%. Does that mean the economy is perfect? Of course not, but stagflation probably isn't the right word either.