Tag: stagflationary depression

David Stockman on What History Tells Us About Taming Inflation

Via International Man

In the spring of 1980, Paul Volcker did engineer a mini-recession but it didn’t put a dent in the inflation momentum. As shown below by the purple line, real GDP peaked in Q1 1980 and then declined thru Q3 1980 during Volcker’s mini-recession.

Real GDP versus Core PPI, Q4 1979 to Q4 1980.

During that two-quarter interval of “shallow and short,” real GDP contracted by just 2.2%. But the inflation rate (brown line) just kept climbing, rising at an annualized rate of 9.5% during the period.

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BEST ECONOMY EVAH!!!!

Never ending covid infected basement dummy and his lesbian black diversity hire bubble headed bimbo press secretary keep blathering about our great economy and tremendous jobs market, as they desperately try to convince the ignorant masses they aren’t really drowning under the strain of a rampant stagflationary depression.

Everyone knows they are lying and having their left-wing media mouthpieces supporting their lies is useless. The chart below explains our current situation. Real disposable income (after inflation) has been down or flat for 15 months in a row. It’s amazing how stimmies made millions feel rich for about a year. The Fed printing fiat and the government dispensing it as fast as it was printed created the illusion of wealth. Now we sit down to a banquet of consequences.

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