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Grinding Down Into Deflation: The National Debt Disaster No One Is Talking About
The process of stagflation is difficult to track because there are multiple paths that it can take‚ many of them largely dependent on the whims of the central bank and its policy decisions. All we can really do is look back at the limited number of historic examples and guess at what will happen next. In the 1970s‚ stagflation nearly crushed the country with inflation rising by 7% to over 14% per year for a decade while the general public eventually faced high unemployment.
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