[erix]: stagnation is part of stagflation (with inflation). But you know that, I suppose
[PerlSufi]: awesome idea: hakim bey's temporary autonomous zone -_-
[tye]: the US did more "spend money we didn't have" (as is accepted best practice except for some craven pundits and only when their chosen cohort is out of power) and so recovered better than Europe.
[erix]: which goes to show that it isn't accepted best practice
[tye]: it is accepted best practice in the US, according to history, erix. But we have a reserve bank, which makes the practice more clearly beneficial.