• DarkFuture@lemmy.world
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    8 hours ago

    “stagflation,” where things were getting more expensive while wages remained stagnant

    I think we just call that “normal” in America.

    • OBJECTION!@lemmy.ml
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      7 hours ago

      Today? Sure. But it wasn’t normal in the context of the post war, New Deal/Great Society era, which is why they coined a new term for it, historically.