> To me it feels like we are racing towards a miserable stagflation environment Please stop this. Words have meanings, and you should not misuse them just beca

> To me it feels like we are racing towards a miserable stagflation environment Please stop this. Words have meanings, and you should not misuse them just because you want to add extra emotional valence to your post. "Stagflation" is when there is inflation even though there is no growth in GDP and/or employment. Right now there are massive gains in both, and while you could make an argument that the benefits of the growth are outweighed by the inflation, it is not stagflation in any sense, nor is stagflation likely to be on the horizon (if there is a recession, the demand destruction will cool off prices, especially as covid ends and demand flows back from goods to services)