A coronavirus recession could be supply-side with a 1970s flavour

The Guardian/Kenneth Rogoff/3-3-2020

“It is too soon to predict the long-run arc of the coronavirus outbreak. But it is not too soon to recognise that the next global recession could be around the corner – and that it may look a lot different from those that began in 2001 and 2008.”

USAGOLD note:  Rogoff raises the prospect of a 1970s-style inflation, as coronavirus shuts down supply lines – a very logical but overlooked possibility.  Long before the virus was headlined across the globe, Alan Greenspan warned of a return to the stagflationary economy similar to the scenario Rogoff describes at the link above.