Stuckflation

Do you actually believe in "Stagflation" as a natural phenomena in economics?
Or do you think we really can create "stagflation" on a whim?

Here's what I believe - stagflation _mainly_ occurs when there's a concerted effort on price control/manipulation on a particular economy. When there's a global oil crisis, mainly controlled/manipulated at higher level of a common people, we see that price goes up and there's no choice.

And when would the stagflation occurs? Stagflation most likely occurs when the price was uncontrolled (such as oil price, but not necessarily the only one) that sparks "cost-push" inflation at the time when we are heading towards recession. Think of cost-push inflation as the sudden rise in ordinary goods without any extra-ordinary increase in demand. Oil is a good example, because somebody can just say that oil is short.

The result would be stagflation. When everyone "stuck" to pay bills and to run errands, I invented a new terms - "stuckflation". (maybe some one else's already did, but I really came up with this myself).

Stagflation can be avoided with careful response with price changes. As we all aware, economics is mainly about price stability. Carefully monitoring the price of basket of goods, and quickly responses to it via monetary policies can save a lot of money.

Of course, this has almost no practical usage for ordinary person like me and you, but it helps to understand when do we need to spend money/buy on what, and when it's better to save for later.

But when you're stuck - do nothing.