What's more likely - stagflation or depression?

Are we about to see a return to the 1970s? The US is at war, oil prices are soaring, the Federal Reserve is hiking rates – it’s no surprise many analysts are experiencing déjà vu. But as Mike Shedlock points out, there are also some huge differences between now and then. We could be looking at a repeat of a much more worrying period of history....

Is this a re-run of the '70s and '80s? Most seem to think so, as the word on everyone's mind is 'stagflation." In "Flationed Out," I dismissed stagflation from an Austrian perspective, but let's look at things from a then versus now perspective to see what the similarities and differences are.

This is a practical exercise, as opposed to a monetary exercise.

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