Yesterday we officially found ourselves in a recession (which we've been in for a year according to the NBER).
Meanwhile our country's inflation is running nearly DOUBLE what it was last year (according to inflationdata.com).
This combination of things is the "free market's impossibility" called "stagflation" where prices rise while income decreases.
It's impossible in a "free market" because prices are the result of demand in a free market.
Theoretically, if there's less money around, demand goes down, and prices go down.
But in this "market" prices go up while demand goes down.
How is this possible?
Our market is not free.
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