• The Quuuuuill@slrpnk.net
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    1 day ago

    this is something far more intensive than stagflation. they’ll say it’s just stagflation at first, but this is a full blown economic depression. not even just a recession. we’re talking full blown economic collapse a la the 1930s or 1840s

    • shalafi@lemmy.world
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      24 hours ago

      The parallels are stunning, both political and economic. Seems we have to do this shit every hundred years, after the very last of the people who remember the last phase have died.