The President typically associated with stagflation was JIMMY CARTER... now, we have an opportunity to have it associated with JOE BIDEN.
Stagflation occurs when the government or central banks expand the money supply at the same time they constrain supply. It can also occur when a central bank's monetary policies create credit. ... Both increase the money supply and create inflation.
WHO IS THIS GOING TO HURT?
Everyone who is not a millionaire or a billionaire... while all the rest of us, who are not in these privilege categories... will pay the price for this economic situation through increased prices and a dollar that continues to be devalued.
EXAMPLE: Just a few weeks ago, we were paying right around #2/gallon for gasoline here in the TN Valley and sometimes it dropped below $2/gallon... and now, it is $3/gallon....
THANK YOU JOE BIDEN AND KAMALA...
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