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Worry about stagflation, a flashback to ’70s, begins to grow

President Ford holds a White House Rose Garden news conference Oct. 9, 1974, the day after disclosing his anti-inflation program. The Chief Executive is wearing one of his WIN-Whip Inflation Now-buttons on his lapel. Stagflation. It was the dreaded "S word" of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered shops and factories and President Gerald Ford's much-ridiculed "Whip Inflation Now" buttons. (AP Photo/File) FILE - Cars line up for gas at a gas station in Martinez, Calif., on Sept. 21, 1973. An unhappy confluence of events has economists reaching back to the days of disco and the bleak high-inflation, high-unemployment economy of nearly a half century ago. No one thinks stagflation is in sight. But as a longer-term threat, it can no longer be dismissed.(AP Photo/File) FILE - Drivers and a man pushing a lawnmower line up at gas station in San Jose, Calif., on March 15, 1974. An unhappy confluence of events has economists reaching back to the days of disco and the bleak high-inflation, high-unemployment economy of nearly a half century ago. No one thinks stagflation is in sight. But as a longer-term threat, it can no longer be dismissed. (AP Photo/File) FILE - Cars line up in two directions at a gas station in New York City, on Dec. 23, 1973. An unhappy confluence of events has economists reaching back to the days of disco and the bleak high-inflation, high-unemployment economy of nearly a half century ago. No one thinks stagflation is in sight. But as a longer-term threat, it can no longer be dismissed. (AP Photo/Marty Lederhandler, File)
Worry about stagflation, a flashback to ’70s, begins to grow