“We’ve seen the early stages of what economists call stagflation. The ‘-flation’ part is inflation, and you’ve all felt that at the grocery store. The ‘stag-‘ part is stagnation, which is we’ve got rising unemployment and slower economic growth than we otherwise would have.” pic.twitter.com/ODPyf6TdRe
— Justin Wolfers (@JustinWolfers) November 19, 2025
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