You may have heard the term stagflation thrown around a lot recently. But what does it imply? Essentially, it's a financial condition that includes 2 things: a stagnant economy and rapidly increasing expenses, aka inflation. To go further in depth on stagflation, view this video to learn how it takes place and how it can possibly be fixed.
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Want to learn more about how monetary and fiscal policy can affect the economy? Watch our Economic Stimulus: Monetary & Fiscal Policy Explained video:
https://www.youtube.com/watch?v=m9gRqxK0FKE
We’re living that for a very long time. It’s not showing up that way because numbers are being manipulated for decades.
We have not had major economic growth. The pandemic has highlighted stagflation. Meanwhile, wealth and opportunity has increased with the rich.