📈 Business
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Bloomberg
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1970s Stagflation Was More Than Just an Oil Shock
The article argues that the stagflation of the 1970s cannot be reduced solely to the oil shock, pointing to broader economic and political factors that contributed to the crisis. It serves as a reminder of the complex conditions that can lead to simultaneous stagnation and inflation.
The stagflation of the 1970s wasn’t just an oil shock.