# Stagflation on The No Agenda Show

Stagflation comes up in 12 chapters across 12 episodes of The No Agenda Show, from May 2008 to July 2026.

- **Chapters:** 12
- **Episodes:** 12
- **Discussed:** May 2008 – July 2026
- **Related topics:** [Inflation](https://search.noagendashow.net/topic/inflation.md), [Jimmy Carter](https://search.noagendashow.net/topic/jimmy-carter.md), [1970s](https://search.noagendashow.net/topic/1970s.md), [Interest Rates](https://search.noagendashow.net/topic/interest-rates.md), [Real Estate](https://search.noagendashow.net/topic/real-estate.md), [1973](https://search.noagendashow.net/topic/1973.md), [1976](https://search.noagendashow.net/topic/1976.md), [2008 Financial Crisis](https://search.noagendashow.net/topic/2008-financial-crisis.md), [2024 Election](https://search.noagendashow.net/topic/2024-election.md), [Brighton](https://search.noagendashow.net/topic/brighton.md)

## Chapters 1–12 of 12

### 1976 Bicentennial Retrospective, Economic Stagflation

- **Episode:** [1883: Orgy of Socialism](https://search.noagendashow.net/episode/1883-orgy-of-socialism.md)
- **Published:** 2026-07-05
- **Time:** 31:34–38:08
- **Transcript:** https://search.noagendashow.net/episode/1883-orgy-of-socialism/chapter/1976-bicentennial-retrospective-economic-stagflation.md

Archival footage from the 1976 U.S. Bicentennial reveals a public mood characterized by negativity following Watergate and the energy crisis. During this era, the country faced "stagflation" with high interest rates and 8% unemployment. The hosts note that despite the historical nostalgia for the 70s, the media at the time captured similar complaints about national decline and division as seen today.

Keywords: bicentennial, [1976](https://search.noagendashow.net/topic/1976.md), [watergate](https://search.noagendashow.net/topic/watergate.md), [jimmy carter](https://search.noagendashow.net/topic/jimmy-carter.md), [stagflation](https://search.noagendashow.net/topic/stagflation.md), [unemployment](https://search.noagendashow.net/topic/unemployment.md)

### European Economic Outlook, Stagflation and Interest Rates

- **Episode:** [1854: Rackout](https://search.noagendashow.net/episode/1854-rackout.md)
- **Published:** 2026-03-26
- **Time:** 14:54–17:41
- **Transcript:** https://search.noagendashow.net/episode/1854-rackout/chapter/european-economic-outlook-stagflation-and-interest-rates.md

European Central Bank President Christine Lagarde warns of higher inflation and lower growth, leading to fears of stagflation across the eurozone. The energy shock, exacerbated by the loss of Russian gas and the Middle East conflict, is expected to force interest rate hikes. Analysts compare the current economic climate to the period immediately following the 2022 invasion of Ukraine.

Keywords: [christine lagarde](https://search.noagendashow.net/topic/christine-lagarde.md), [european central bank](https://search.noagendashow.net/topic/european-central-bank.md), [stagflation](https://search.noagendashow.net/topic/stagflation.md), [inflation](https://search.noagendashow.net/topic/inflation.md), [nord stream 2](https://search.noagendashow.net/topic/nord-stream-2.md), [eurozone](https://search.noagendashow.net/topic/eurozone.md)

### Global Supply Chain Disruptions and Stagflation Risks

- **Episode:** [1851: Mork & Mimi](https://search.noagendashow.net/episode/1851-mork-mimi.md)
- **Published:** 2026-03-15
- **Time:** 21:31–23:47
- **Transcript:** https://search.noagendashow.net/episode/1851-mork-mimi/chapter/global-supply-chain-disruptions-and-stagflation-risks.md

Diane Swank, chief economist at KPMG, warns that the conflict in the Middle East is creating a stagflationary shock worse than the 2022 invasion of Ukraine. With oil prices hovering above $100 a barrel, disruptions to global supply chains are expected to impact food prices at grocery stores within weeks. Unlike previous economic shifts, the current market lacks the job growth necessary to buffer against rising transportation and production costs.

Keywords: diane swank, [kpmg](https://search.noagendashow.net/topic/kpmg.md), [oil prices](https://search.noagendashow.net/topic/oil-prices.md), [supply chain](https://search.noagendashow.net/topic/supply-chain.md), [stagflation](https://search.noagendashow.net/topic/stagflation.md), [inflation](https://search.noagendashow.net/topic/inflation.md)

### Economic Cycles, Global War Economies and Green Energy Failures

- **Episode:** [1715: Scruples](https://search.noagendashow.net/episode/1715-scruples.md)
- **Published:** 2024-11-24
- **Time:** 28:19–31:35
- **Transcript:** https://search.noagendashow.net/episode/1715-scruples/chapter/economic-cycles-global-war-economies-and-green-energy-failures.md

A comparison of historical economic crashes, from 1970s stagflation to the 2008 liquidity crisis, leads to a theory that major powers are entering a "global war economy." The hosts argue that the "green economy" promoted by the Obama and Biden administrations has failed, particularly in Germany. They suggest that military industrialization is replacing green energy as the primary economic driver for the U.S., Russia, and China.

Keywords: [stagflation](https://search.noagendashow.net/topic/stagflation.md), [2008 financial crisis](https://search.noagendashow.net/topic/2008-financial-crisis.md), [war economy](https://search.noagendashow.net/topic/war-economy.md), [cop 29](https://search.noagendashow.net/topic/cop-29.md), [germany](https://search.noagendashow.net/topic/germany.md), [green energy](https://search.noagendashow.net/topic/green-energy.md)

### Trump Campaign Rallies, Stagflation Concerns

- **Episode:** [1656: Johnson Pivot](https://search.noagendashow.net/episode/1656-johnson-pivot.md)
- **Published:** 2024-05-02
- **Time:** 1:50:23–1:54:51
- **Transcript:** https://search.noagendashow.net/episode/1656-johnson-pivot/chapter/trump-campaign-rallies-stagflation-concerns.md

Donald Trump held rallies in Wisconsin and Michigan, focusing on the economy and the "record-breaking surge" in illegal immigration. Meanwhile, financial networks like CNBC have begun discussing the possibility of "stagflation," a combination of stagnant growth and high inflation last seen in the 1970s.

Keywords: [wisconsin](https://search.noagendashow.net/topic/wisconsin.md), [michigan](https://search.noagendashow.net/topic/michigan.md), [inflation](https://search.noagendashow.net/topic/inflation.md), [stagflation](https://search.noagendashow.net/topic/stagflation.md), [cnbc](https://search.noagendashow.net/topic/cnbc.md), [2024 election](https://search.noagendashow.net/topic/2024-election.md)

### Stagflation Playbook and Republican Economic Policy

- **Episode:** [1436: Frog of War](https://search.noagendashow.net/episode/1436-frog-of-war.md)
- **Published:** 2022-03-24
- **Time:** 2:37:05–2:41:10
- **Transcript:** https://search.noagendashow.net/episode/1436-frog-of-war/chapter/stagflation-playbook-and-republican-economic-policy.md

The current economic environment is compared to the stagflation of the 1970s, characterized by slowing growth and rising inflation. The hosts argue that politicians are following an old playbook that includes failed policies like price controls. They note the irony of Republican administrations often being the ones to implement massive stimulus and "quantitative easing" measures, such as those seen during the George W. Bush era and the 2008 financial crisis.

Keywords: [stagflation](https://search.noagendashow.net/topic/stagflation.md), [1970s](https://search.noagendashow.net/topic/1970s.md), [price controls](https://search.noagendashow.net/topic/price-controls.md), [quantitative easing](https://search.noagendashow.net/topic/quantitative-easing.md), [george w. bush](https://search.noagendashow.net/topic/george-w-bush.md), [republicans](https://search.noagendashow.net/topic/republicans.md)

### John Kerry on Climate Change and the Cost of Being Wrong

- **Episode:** [660: Clog the Pipes](https://search.noagendashow.net/episode/660-clog-the-pipes.md)
- **Published:** 2014-10-12
- **Time:** 2:06:39–2:12:06
- **Transcript:** https://search.noagendashow.net/episode/660-clog-the-pipes/chapter/john-kerry-on-climate-change-and-the-cost-of-being-wrong.md

Secretary of State John Kerry is featured in a clip arguing that even if climate change science is wrong, the transition to clean energy will still create jobs and improve health. He warns that if "climate deniers" are wrong, the result will be a global catastrophe. The hosts mock Kerry's rhetoric, with Dvorak questioning the lack of visible sea-level rise in California.

Keywords: [john kerry](https://search.noagendashow.net/topic/john-kerry.md), [climate change](https://search.noagendashow.net/topic/climate-change.md), [carbon dioxide](https://search.noagendashow.net/topic/carbon-dioxide.md), [stagflation](https://search.noagendashow.net/topic/stagflation.md), [environment](https://search.noagendashow.net/topic/environment.md)

### Economic Models and Historical Innovation Cycles

- **Episode:** [70: Short Changed](https://search.noagendashow.net/episode/70-short-changed.md)
- **Published:** 2009-02-07
- **Time:** 1:13:31–1:18:20
- **Transcript:** https://search.noagendashow.net/episode/70-short-changed/chapter/economic-models-and-historical-innovation-cycles.md

The hosts discuss various economic theories, including the British model of bank insurance and the "bad bank" concept. They reflect on the history of economic thought from Karl Marx to Milton Friedman and predict a new economist will emerge to explain the current crisis. Dvorak looks back to the innovation boom of 1890, featuring Tesla and Edison, as a potential model for a future recovery.

Keywords: [milton friedman](https://search.noagendashow.net/topic/milton-friedman.md), [john maynard keynes](https://search.noagendashow.net/topic/john-maynard-keynes.md), [stagflation](https://search.noagendashow.net/topic/stagflation.md), bad bank, [innovation](https://search.noagendashow.net/topic/innovation.md), [tesla](https://search.noagendashow.net/topic/tesla.md), edison

### Economic Cycles and 1970s Stagflation Memories

- **Episode:** [52: Solex](https://search.noagendashow.net/episode/52-solex.md)
- **Published:** 2008-10-19
- **Time:** 1:12:00–1:17:50
- **Transcript:** https://search.noagendashow.net/episode/52-solex/chapter/economic-cycles-and-1970s-stagflation-memories.md

John C. Dvorak reminisces about traveling through France during the 1973 economic downturn, describing the prevalence of "Solex" motorized bicycles. He compares that era's stagflation and 20% interest rates under Jimmy Carter to the current financial crisis, noting the "grim" reality of long-term down cycles.

Keywords: [stagflation](https://search.noagendashow.net/topic/stagflation.md), [1973](https://search.noagendashow.net/topic/1973.md), [jimmy carter](https://search.noagendashow.net/topic/jimmy-carter.md), [france](https://search.noagendashow.net/topic/france.md), solex, [interest rates](https://search.noagendashow.net/topic/interest-rates.md)

### Historical Economic Cycles, 1970s Stagflation Comparison

- **Episode:** [51: Corked Wine](https://search.noagendashow.net/episode/51-corked-wine.md)
- **Published:** 2008-10-12
- **Time:** 1:18:47–1:22:06
- **Transcript:** https://search.noagendashow.net/episode/51-corked-wine/chapter/historical-economic-cycles-1970s-stagflation-comparison.md

A comparison is drawn between the current financial crisis and the economic turmoil of the 1970s. One host recalls the 22% interest rates and gas lines during the Jimmy Carter administration, arguing that the 70s were actually worse for the average person than the current situation. They suggest that while the current crisis is significant, a "real whopper" may still be around the corner.

Keywords: [stagflation](https://search.noagendashow.net/topic/stagflation.md), [1970s](https://search.noagendashow.net/topic/1970s.md), [jimmy carter](https://search.noagendashow.net/topic/jimmy-carter.md), [opec](https://search.noagendashow.net/topic/opec.md), [interest rates](https://search.noagendashow.net/topic/interest-rates.md), [depression](https://search.noagendashow.net/topic/depression.md)

### Brighton Real Estate and UK Economic Decline

- **Episode:** [36: Yahoo+Microsoft=Britney Spears](https://search.noagendashow.net/episode/36-yahoo-microsoft-britney-spears.md)
- **Published:** 2008-06-22
- **Time:** 5:18–9:06
- **Transcript:** https://search.noagendashow.net/episode/36-yahoo-microsoft-britney-spears/chapter/brighton-real-estate-and-uk-economic-decline.md

Brighton is described as a vibrant metropolis with architecture reminiscent of San Francisco and proximity to Gatwick Airport. Despite its appeal, current economic reports predict a 9% decline in UK property prices and a 40% drop in sales volume. The discussion touches on rising mortgage interest rates and the emergence of stagflation in the British market.

Keywords: [brighton](https://search.noagendashow.net/topic/brighton.md), [gatwick](https://search.noagendashow.net/topic/gatwick.md), [real estate](https://search.noagendashow.net/topic/real-estate.md), [stagflation](https://search.noagendashow.net/topic/stagflation.md), [mortgage rates](https://search.noagendashow.net/topic/mortgage-rates.md), property prices

### Real Estate Economics, Deflation and Stagflation

- **Episode:** [29: The Zen "Offer"](https://search.noagendashow.net/episode/29-the-zen-offer.md)
- **Published:** 2008-05-03
- **Time:** 1:10:48–1:13:23
- **Transcript:** https://search.noagendashow.net/episode/29-the-zen-offer/chapter/real-estate-economics-deflation-and-stagflation.md

Economic downturns can take various forms, including deflation, where property values drop and cash becomes more valuable, or stagflation, a rare combination of stagnant growth and high inflation. Predicting which scenario will occur is difficult, as each economic cycle presents unique challenges. Investors often debate the merits of holding real estate versus cash depending on whether they anticipate a collapse in asset prices or a devaluation of the currency.

Keywords: [real estate](https://search.noagendashow.net/topic/real-estate.md), [deflation](https://search.noagendashow.net/topic/deflation.md), [stagflation](https://search.noagendashow.net/topic/stagflation.md), [economic cycles](https://search.noagendashow.net/topic/economic-cycles.md), [cash](https://search.noagendashow.net/topic/cash.md)

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