Inflation Soars. Stagflation & Recession Are Here Now, Too.

Michael Busler
4 min readJul 13, 2022

Inflation is high. Economic growth is negative. Except for the low unemployment rate, we are in the worst of times.

The U.S. government just announced that overall prices increased by 1.3% from May to June. That means inflation in the last 12 months has reached 9.1% — another 40-year high.

Michael Busler

Dr. Busler is an economist and a public policy analyst. He is a Professor of Finance at Stockton University. His op-ed columns appear in Townhall, Newsmax.