stagflation

Paul Volcker’s Long Shadow

Ellen Brown / Truthdig Dec 11, 2019 The former Fed chairman’s obituaries leave out how his policies devastated lives in the 1980s and underwrote the 2008 financial crisis. Dig deeper ( 8 Min. Read )

How Trump Could Rein In the Fed

Ellen Brown / Truthdig Jul 28, 2018 The president is not happy with Federal Reserve policy and is in a position to do something about it. But if he is going to change the makeup of the Federal Reserve Board, he must appoint people who understand how to kick-start the economy. Dig deeper ( 6 Min. Read )

The Insider’s Economic Dictionary: S Is for Saint-Simon

By Michael Hudson Aug 9, 2014 Sex: The topic that has proved strong enough to displace religious and academic discussion about property and wealth as the driving force in human affairs and evolution. Dig deeper ( 8 Min. Read )

Inflation at 17-Year High

Staff / Truthdig Aug 15, 2008 Stagflation: It's always sounded like a dirty word, and is hopelessly tied to retro jokes about the '70s. But with GDP growth already, well, stagnant, the Labor Department announced Thursday that July saw the highest rate of inflation in 17 years, meaning you can now appropriately drop the word into water cooler convo without seeming like a potty-mouth or a retro hipster. On the downside, you are now paying 5.6 percent more for things than you did at this time last year. Dig deeper ( 1 Min. Read )

U.S. Consumer Confidence at 28-Year Low

Staff / Truthdig May 16, 2008 A survey released Friday showed that U.S. consumer confidence has fallen to the lowest point since the "stagflation" of the early 1980s. According to the survey, lower-income households, citing rising food and fuel prices, were the main source of the drop in confidence. Dig deeper ( 1 Min. Read )