Quote:
Originally Posted by Philly Fan
I.e., "stagflation." I was an undergraduate Economics major in the 1970s, and I can remember one of my Econ professors saying that economists were at a real loss to explain the "stagflation" of that time.
Made me feel really good about being an Econ major. 
Fortunately, law school awaited.  |
At least by the time I was an undergrad finance major in the eighties (also on my way to law school), we could study it as a sad, cautionary history. Apparently they don't teach history any more, so off we go repeating it.