The experience of stagflation--the combination of inflation and unemployment--badly damaged the prestige of economists in general and macroeconomics in particular, even though it was not that much of a theoretical surprise.
It was expected that stagflation would hurt the reputation of economists.
Stagflation has no effect on the prestige of economists.
I confessed that no one had informed me.
three people wait for news about a loved one
A pack of dogs running after a toy.
A person is sleeping inside.
Two skinny women are pulling ropes.
Less traumatic to the hard-bitten Isrealeis was the launching of Scud missiles at Tel Aviv and Haifa.