How Stagflation Came To Be

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In the 1960s, the US government focused on creating new policies to lower unemployment and revitalize economic growth. Unfortunately by 1970, the US economy was suffering from lower GDP, high inflation, and significant unemployment. Usually, when unemployment is high, inflation rates are low. However, this was not the case that year. As a result, this economic stagnation created a new dilemma economist hadn’t yet seen. This problem was dubbed “stagflation”. Q3 2021 hedge fund letters, conferences and more Efforts To Control StagflationPresident Nixon’s administration attempted to curtail this …

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