But I agree with Powell nonetheless — the US economy is not experiencing stagflation. It may, however, be experiencing a different, far less serious condition: slackflation. What is slackflation?

If you talk to most Americans, the economy feels bad. Post-pandemic economic malaise and anger over inflation were major contributing factors to why incumbent political parties lost their ...

But people still felt like the economy was bad. Clinton actively campaigned on the “bad” economy, and Bush complained about the disconnect on the campaign trail.

In fact, this latest result is the lowest level of bad-time vibes going back 10 polls to a 57% reading in April 2022. Hey, in June 2020 – four years ago – 80% anticipated bad times in the future.

The Economy, the Courts, and Bad Laws By Irwin M. Stelzer June 30, 2012 3:00 am .