the.com/stagflation
When the economy parks the car but keeps revving the price gauge.
means The miserable combo of stagnant growth, high unemployment, and rising prices all at once.
from Coined by British politician Iain Macleod in 1965, welding stagnation to inflation in a Parliament speech.
Broke the rulesDefied the belief that growth and inflation move together.
1970s starOil shocks made it the decade's economic nightmare.
Policy trapFixing one half worsens the other.