If Trump stimulates the economy, one result could be growth. Another? Stagflation
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Some of President-elect Donald Trump’s campaign promises could stimulate the economy: increased spending on infrastructure and defense, and big tax cuts. But add in his plans to revise trade pacts and deport millions of immigrants, and some economists are warning the result might not be growth so much as stagflation: higher inflation and higher unemployment with little growth. For those who experienced it in the 1970s, it was an economic nightmare.
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