The term ‘stagflation,’ which refers to high unemployment, rising inflation, and low economic growth, is causing concern among economists. In an article published by The Atlantic, former George W. Bush speechwriter David Frum warns that President Donald Trump’s economic policies could bring back stagflation. Frum notes that from 1969 to 1982, the U.S. experienced four recessions, three of which were severe. He argues that Trump’s tariffs may lead to both skyrocketing prices and a recession. Businesses could face reduced demand, and workers might be laid off. Frum suggests that reversing these policies might not immediately restore global trade networks or investor trust. His article has sparked discussions on social media, with many agreeing that Trump’s adversarial approach to business and governance undermines economic stability.
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