Stagflation is one of the most feared economic crises that a nation can encounter. It occurs when there is no growth in the economy yet inflation continues, causing the average person to suffer and leaving policy makers helpless. Most Americans have not lived through a stagflation experience, with the last true case of U.S. stagflation occurring in the 1970s , as oil shocks drove up the cost of energy while the overall economy remained at a standstill. Today, tariff pressures and a cooling...