Real men are not afraid of a little inflation. But they are scared of stagflation

 Olivier Blanchard, the IMF’s chief economist 2010 called for several bold innovations. Central banks should raise their inflation targets

https://www.internetional.se/realr.htm#bold

“Stagflation” remains a word not uttered in the polite company of the financial world.

During the 1973-74 bear market S&P 500 fell 45%.

https://www.internetional.se/toft/stagflation.htm