flatman

Stagflation and the Limits of Growth

Ok - I accept the theory. Its the timeframe that is important. How much time are we talking about ? I'm thinking 5 years. Thats a lot of stagnation and pain. During that time the standard of living in the US for the middle and lower classes will be declining. Our populist politicians are already blocking new free trade and will have even more power after the next election. Sounds like a recipe for the next depression.