Friday, May 13, 2011
What is the World's Worst Dictator biggest crime against humanity? Genocide? Torture? No, it is an economic term that harkens back to the 1970's...
This came from Parade Magazine. They profile the World's Worst Dictators. They give a one line overview of their "crimes against humanity". As a teacher of economics, I am glad to see that Stagflation is number 1 on the list of high crimes...
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Stagflation, the unsolved problem. We thought of it as two problems and tried to deal with each separately. But the problem was both, and the 'both' problem remains to this day.
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