# ep 359 | Could 1970s-style stagflation happen again today?

An episode of [On Point](https://invisiblenetwork.ai/podcast/1667364727), 21 Apr 2026, 8:27.

Audio: https://anchor.fm/s/6a9959d4/podcast/play/118536686/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-17%2F422238267-44100-2-d4a83cf0becc1.m4a

Stagflation has been in the headlines in recent weeks, as the oil price shock threatens to push inflation back up while taking a big chunk out of economic activity at the same time. The term is used to describe the highly undesirable combination of low growth, high unemployment, and high inflation. Could we see a return to the bad old days (economically, that is) of the 1970s?

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