Archive for the ‘inflation’ Category

Zimbabwation: Coining a New Term for the Coming Economic Disaster

January 14th, 2009 No comments

Bob Murphy asks what we should call the upcoming severe recession and inflation:

I think we are in store for a very severe recession (i.e. depression)
and very big price increases. It will be stagflation but worse. So we
need a catchy term. The two contenders I’ve come up with are infression and depflation, but the first is hard to pronounce and the latter is very easily confused with deflation. Any thoughts? Should I just punt and go with hyper-stagflation?

My suggestion: Zimbabwation, which makes it clear that our troubles have misgovernance (with a heavy dose of ruling class theft) as its root cause.