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Author: AlphaWolf ✸🐝🐝  😊 😞
Number: of 75970 
Subject: MAGAFLATION
Date: 03/19/26 1:51 PM
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”What we have is some tension between the ​goals and ​we’re ⁠trying to manage our way through it. It’s a very difficult situation, ​but ⁠it’s nothing like what they faced in the 1970s and ⁠I ​reserve stagflation for ​that — the word — for that period. Maybe ​that’s just me.”

Fair enough Mr. Powell, fair enough.

Therefore I propose a new term for what we’re experiencing;

MAGAFLATION

MAGAFLATION [maa-guh-fley-shuhn] noun
1) Damage to the economy that occurs when an ignorant and incompetent person is elected and then places other ignorant and incompetent people as the heads of critical departments

2) Damage to the economy through unforced errors. AKA Own goal; shooting oneself in the foot; fire, ready, aim; being ignorant and incompetent.

3) Examples: imposing tariffs on a whim; starting wars on a “feeling” in an unstable region that controls lots of oil; adding to the debt in an unprecedented rate over a short period of time; giving tax breaks to billionaires; being ignorant and incompetent.
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Author: suaspontemark ✶  😊 😞
Number: of 75970 
Subject: Re: MAGAFLATION
Date: 03/19/26 3:20 PM
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We’re talking about a regime where Peter Navarro had an opinion piece that just ran in the WSJ saying this was going to *reduce* energy prices.

He should hand in his Econ degree.
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Author: ptheland ✭🐝  😊 😞
Number: of 75970 
Subject: Re: MAGAFLATION
Date: 03/20/26 10:35 AM
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He should hand in his Econ degree.

Peter Navarro was my Macro Econ professor in my MBA program. He’s a smart guy. He was also a jerk even back then. He was busy trying to get some power in San Diego politics at that time. Ran for mayor a couple of times, IIRC.

He’s nothing but a sell-out for power. He enjoyed humiliating students by putting them on the spot in class.

He doesn’t need to turn in his Econ degree. He needs to turn in his credentials as a member of humanity.

—Peter
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