I guess nobody remembers the Jimmy Carter era? "Stag-flation" (Inflation and no growth), 16% interest rates on mortgages, the "misery index" in the news every day?
What you are describing is exactly why Keynesian economics fell out of favor in the first place. For a time it was thought that the business cycle was a solved problem and only a historical memory. Oops.
only the people who wrote the article.
Study the career as Fed chairman of Arthur F. Burns, chairman from 1970 to 1978, appointed by Richard Nixon, before you blame stagflation on Carter.