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What Causes Stagflation?
What Causes Stagflation?
Authored by Frank Shostak via The Mises Institute,
In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...
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Feb 21, 2026 / Mises Institute
Entrepreneurship Beyond Politics: Mises Circle in Oklahoma City
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Apr 9, 2026 / Tyler Durden
Indiana Suspends Gas Sales Tax Amid US–Iran War
Indiana Suspends Gas Sales Tax Amid US–Iran War
Authored by Zachary Stieber via The Epoch Times (emphasis ours),
Indiana has suspended its gas sales tax for 30 days as prices keep rising amid the United States’ war with Iran.
Indiana Gov. Mike Braun (C) speaks during a press conference in Gary, Ind., on Oct. 30, 2025. Jamie Kelter Davis/Getty Images
Gov. Mike Braun announced the suspension on April 8.
“I am declaring a gas tax holiday to give Hoosiers relief from the pain at the pump from high gas prices,” Braun said in a...
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Apr 5, 2026 / Tyler Durden
OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens
OPEC+ Agrees To Boost Output By Another 206,000 Barrels A Day When Strait Of Hormuz Reopens
With the world's attention glued to every headline out of Iran, it is understandable why today's OPEC+ meeting was largely ignored, although with roughly 12% of global oil output throttled at the Strait of Hormuz, it's not as if even OPEC+ could do much to offset the supply shock.
Earlier on Sunday, the oil-producing cartel (where Iran is a founding member yet was missing from the Joint Ministerial Monitoring Committee) warned that damage to Middle...
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