Post #73629 by AlphaWolf on the US Policy board

Halls of Shrewd'm / US Policy

Unthreaded | Threaded | Whole Thread (3)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 18

”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.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (3)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.