Stagflation sucks.
Sounds about right, but I would like to add something.

During carter admin, it ws more of a supply shock on inelastic goods.
Where as right now, it is demand shockon oil.
In terms diesel and octane price, i would like to also add short term supply problem from bottleneck from refinary.

Quote Originally Posted by Aloha_Shooter View Post
Seriously? Unemployment over 10% versus 7.8%? Mortgage rates under 6% versus 13-16% (if you could even find a bank willing to write one)? Stagflation during the late 1970s meant you effectively LOST money by putting it in a normal savings account. Plentiful energy in 2007-2008 versus the energy crisis during Carter's administration? The fact I paid more for a gallon of gas under Carter than under Bush in inflation-adjusted dollars?

Anyone who was alive and conscious during 1977-1980 KNOWS the economy was worse then if they just sit back and think a bit. Like I said, do some research instead of repeating the worn empty spin nuggets.