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We're going through not a period of inflation or deflation right now. Most people call it stagflation. Short of it: Banks can't give out loans, but they're al
by warfangle 17y ago
We're going through not a period of inflation or deflation right now.
Most people call it stagflation.
Short of it: Banks can't give out loans, but they're also being bailed out in massive amounts - injecting money into the economy. Businesses can't get loans to expand, and lay off employees. People have less money, but there's more money floating around in the economy. It sucks.
- mikedouglas 17y agoStagflation requires inflation. This isn't stagflation.