Posted by Sigismund on June 29, 2008, at 23:28:48 [reposted on July 6, 2008, at 13:09:20 | original URL]
In reply to Re: Anyone Else Starting To Fear The Economy? » fayeroe, posted by Dinah on June 29, 2008, at 23:03:24
You sound like you know stuff about this.
Was the stagflation of the late 70s caused by the first oil shock?
Maybe not entirely?
It was presented as a failure of Keyensian economics, the cure for inflation being recession and vice versa, in that school of thought.
And then we got Milton Friedman, monetarism and whatnot.
poster:Sigismund
thread:838387
URL: http://www.dr-bob.org/babble/poli/20080312/msgs/838400.html