Kasz216 on 01 October 2012
By the way, what got us out of Stagflation was tight monetary and tight fiscal policy, as done by Paul Volcker.
Which is of course the opposite of what we are doing today. Which is problematic when you consider Stagflation.
Worth noting this is the same guy who wrote the Volcker banking rule to regulate banks.
So really, Supply side vs Demand side economics really isn't a fully accurate comparison to make. It's really more of a graph then a line when it comes to economics.
Republicans moving towards tighter fiscal and monetary control actually is a very new phenomena that hasn't been around since the end of stagflation.
Though this is getting WAAAAY off topic.
