The US is headed towards 1970’s inflation according to Harvard economist, Larry Summers.  He sees many parallels between our economy now and the economy that tanked under Carter’s administration.   If those factors hold true, Summers thinks stagflation and a major recession are on the way. Stagflation happens when the economy suffers high inflation, high unemployment, … Continue reading History Repeats Itself: 1970’s Stagflation Is On Horizon, Harvard Economist Thinks