http://dofonline.co.uk/blogs/treasury-matters/credit-crunch/inflation-deflation-stagflation-4111221/ Financial insight from industry thought leader Joergen Jensen Mon, 13 Feb 2012 08:20:02 +0000 http://wordpress.org/?v=2.5.1 http://dofonline.co.uk/blogs/treasury-matters/credit-crunch/inflation-deflation-stagflation-4111221/#comment-526 Ed Mon, 27 Apr 2009 09:59:54 +0000 http://dofonline.co.uk/blogs/treasury-matters/?p=24#comment-526 People seem to think that stagflation is the worst alternative, but I question that. Even if there is no growth, the U.S. has a debt problem, including internal debt and a huge NET external debt. You renege on your debt when you make currency less valuable. I put it that debt may be a bigger problem for the U.S. than a stagflation scenario. What do you think? People seem to think that stagflation is the worst alternative, but I question that. Even if there is no growth, the U.S. has a debt problem, including internal debt and a huge NET external debt. You renege on your debt when you make currency less valuable. I put it that debt may be a bigger problem for the U.S. than a stagflation scenario. What do you think?

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