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Re: Anyone Else Starting To Fear The Economy? Dinah

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.

 

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URL: http://www.dr-bob.org/babble/poli/20080312/msgs/838400.html