If we use Mikemathics and Mikeronomics to explain the supposedly impossible economic condition called stagflation, it would be that “your wages don’t rise as quickly as the prices of necessary goods and services.”
“Well heck,” I hear you say, “We already have that stagflation thing at my house.” Yes you do, and whole lot more is coming to a neighborhood near you real soon. Along with more unemployment and underemployment, which compounds the whole darn mess.
But not to worry, your Congress is working hard and will soon mail out the checks that will make everything all better; for about 30 days and then Katie bar the door. Ya see, the President and Congress are symptom solvers, not problem solvers and they have no plan whatsoever for the next month.
So tell me, what are you going to do with your free money?
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
