It's been a long, long time, but somewhere back in the past I have an MS in Economics and even an MBA, but what we have going on now isn't really the same I don't believe as what we called stagflation. I mean, we have zero unemployment, but the whole world and conditions are so different and we've become so adept and addicted to expansion and debt I can't make heads or tails of it.
Real academics are going to be inventing new terms as this shakes out.