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bwanab | 1 year ago

While I disagree with your verdict, those are all valid points. I don't think stagflation can really be pinned on him, though.

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notthemessiah|1 year ago

Yes. Stagflation originated with the Nixon Shock, when he ended the Bretton Woods system and US Dollar-gold convertibility, because France and other countries wanted to pull their gold out of Fort Knox because we had the exorbitant privilege to finance the Vietnam War as well as Great Society programs.