1970s-style stagflation on central bankers’ minds
‘Real risk of returning’
A key lesson from the 1970s is that the long-term costs of doing nothing outweigh the short-term pain of bringing inflation under control.
John Hawkins - Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation.The last time the world experienced it was t
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