Economics Discussion: Tougher Times Ahead?

Inflation, higher unemployment, politicians who reduce taxes and increase spending to buy popularity and explode deficit. Does public lack basic understanding of economics?

Responding to my analysis, Inflation Is At A 40-Year High. Bruce Johnson, a lawyer in Michigan and Princeton grad, predicts further economic deterioration, pressure on governments to cool inflation down and stop excessive spending, but that British conservatives, seeking short-term popularity, will seek tax cuts and more spending.

“I have heard argumen…