In 1973, an oil embargo lasted five months, leadin

Crypto Newbie

1d ago

In 1973, an oil embargo lasted five months, leading to a decade-long period of stagflation. At that time, the world was not yet globalized, and goods were mainly sourced locally. 1) Today, the energy content of products around you is far higher than in 1973. 2) Western countries are burdened by excessive debt, making it difficult to curb stagflation.

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