This is not the 1970s, or so we are confidently assured by respectable economists. Granted, as we confront soaring levels of inflation, there are nuanced differences between then and now. But the UK’s strikes in rail, mail and rubbish collection point to one overwhelming similarity — namely, that stagflation creates winners and losers. When national real income is squeezed by oil price shocks as in the 1970s or the current food and energy price shocks, rival claimants in the economy compete ferociously to reclaim lost income. A wage price spiral results.
现在不是上世纪70年代，至少受人尊敬的manbetx20客户端下载 学家自信地向我们做出这样的保证。诚然，就不断飙升的通胀水平而言，当时与现在的情况存在细微差别。
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