Professor Brian Brenberg: Things Are Starting To Look Like The 70s Economy Of Stagflation

On Fox Across America with Jimmy Failla, Fox News Contributor Brian Brenberg explained why the economy is starting to make a turn for the worse and is headed towards the bad times of the late 1970s.

“In some ways, you don’t blame them when they’re going to make more money taking the unemployment. You’re kind of like, that probably makes sense for them. But it doesn’t help the economy get back on its feet. And where it really doesn’t help is when you combine it with all the spending we’ve got going on and you’ve got a lack of supply in the labor force, that’s what that inflation issue starts to kick in. And now things start to look a lot like the 70s. And I’m not talking about great rock and roll, and I’m not talking about early 70s muscle cars. I’m talking about a 70s economy of stagflation. And, you know, I can’t believe after having beaten that in the early 80s, we’re back staring it right in the face with the same kind of policy.”