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I agree economics is not a science. But using a line chart is just dishonest and so is cropping data so that it shows only a stagflation period. There is a reason it has a special name.
I don't know the answer to this question: have we been in stagflation for the last 50 years? Because cropping data points is a great way to distort the picture, but I counted somewhere over 40 points before I lost the point.
Not quite, stagflation requires both high inflation and unemployment which we did see concurrently during COVID.
But it also needs low or negative economic growth which again we did see during COVID but growth and employment have been up so we haven't had a long period of stagflation.
The final key thing that I don't think is technically required is that the fed can't lower rates to drive growth because inflation is too high hence the economy gets stuck. It feels like this could be where we are heading but haven't quite been in a prolonged enough period to qualify for yet.
it’s not a technically perfect 4chan post ill give you that. i agree with the sentiment though, given other experiences i have listed in these comments :)