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Fiasco is right - inflation is not calculated the same way today that it was in 1975 and the other responders are correct that outsourcing our manufacturing may be a Godzilla that is about to come ashore.
Jun 24 09:22 am
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All Comments by ItsJustMe »Don’t Worry About a Return to ‘70s Stagflation [View article]
The author does make one point that is pertinent: today's economy is not like 1975's economy. That means tomorrow's problems will be totally unlike yesterday's problems. We're about to find out if that is a good thing...