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'''Stagflation''' is a combination of the words "[[stagnation]]" and "[[inflation]]." It is a term used by economists to describe a situation where high inflation and low growth combine to produce high [[unemployment]] with a rising cost of living. [[Socialist]] [[entitlement]] spending mandates that the [[Federal Reserve Board]] keep printing more money at a time of falling productivity and employment. Although fewer goods are produced, more money is dump into circulation driving up prices.

'''Stagflation''' is a combination of the words "[[stagnation]]" and "[[inflation]]." It is a term used by economists to describe a situation where high inflation and low growth combine to produce high [[unemployment]] with a rising cost of living. [[Socialist]] [[entitlement]] spending mandates that the [[Federal Reserve Board]] keep printing more money at a time of falling productivity and employment. Although fewer goods are produced, more money is dump into circulation driving up prices, and no jobs are available to meet the riding cost of living. It is a socialist [[utopia]], where [[equality]] between rich and poor is achueved.

The most recent period of stagflation occurred during the [[Jimmy Carter|Carter Administration]] in the late 1970s.

The most recent period of stagflation occurred during the [[Jimmy Carter|Carter Administration]] in the late 1970s.